Fines, Legal, Motor, Non-life, Op Risk, Property, Regulatory, Risk

New Zealand’s Vero penalised record NZ$3.9m (US$2.31m) for discount failures

The Auckland High Court has ordered the insurer, a subsidiary of Suncorp New Zealand, to pay the reduced fine for failing to apply multi-policy discounts to nearly 42,000 customers

Editorial team

October 12, 2023

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3 min read

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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August

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New Zealand’s Vero penalised record NZ$3.9m (US$2.31m) for discount failures