Forsyth Barr: Tower Westpac partnership impacts NZ insurance

IAG New Zealand has confirmed it will step down as the underwriter for Westpac New Zealand's general insurance portfolio, following Westpac’s decision to appoint Tower as its new insurance partner. https://hubs.la/Q03LqG760 #PartnershipChange #InsuranceNZ #Bancassurance

Maurice Zicman, vice president of CX strategy at TP in Australia, has addressed the shifting landscape for insurers as extreme weather events become increasingly common and severe. https://hubs.ly/Q03K-4JV0 #ArtificialIntelligence #Empathy #Insurance

Changing customer expectations, broker consolidation, and the importance of modernization could reshape the insurance landscape, read more from Deloitte’s 2026 global insurance outlook. #Insurance

Prestige Underwriting’s latest Non-Standard Survey reveals mounting concerns about underinsurance among UK policyholders: 84% of brokers say current premiums are limiting clients’ ability to maintain adequate cover. 92% warn that more non-standard customers are potentially underinsured as they try to save on costs. Structural pressures, including outdated rebuild valuations and soaring material and labour costs, are widening the gap. Only 47% of brokers feel current products adequately meet their clients’ needs. The message is clear: innovation and tailored offerings are key to closing the underinsurance gap in the non-standard sector. Read on for more: https://heyor.ca/ZP4vj2 #ARUVI #Insurance #NonStandardInsurance #InsuranceInnovation

Prestige Underwriting’s latest Non-Standard Survey reveals mounting concerns about underinsurance among UK policyholders: 84% of brokers say current premiums are limiting clients’ ability to maintain adequate cover. 92% warn that more non-standard customers are potentially underinsured as they try to save on costs. Structural pressures, including outdated rebuild valuations and soaring material and labour costs, are widening the gap. Only 47% of brokers feel current products adequately meet their clients’ needs. The message is clear: innovation and tailored offerings are key to closing the underinsurance gap in the non-standard sector. Read on for more: https://heyor.ca/ZP4vj2 #ARUVI #Insurance #NonStandardInsurance #InsuranceInnovation

The results are in for 2025 – which insurers are leading the pack in UK general insurance and what trends are underpinning profitable growth? Aviva, Katie Scott #Insurance #InsuranceNews #B2B #InsuranceIndustry #Acquisition https://lnkd.in/eJc88DF7

Our latest broker survey reveals brokers’ concern that surging demand for non-standard insurance is exposing a growing gap in cover. Read more on how we feel this gap must be closed through better industry collaboration...https://lnkd.in/eaeMn5JW

WTW just released the 2026 edition of the Insurance Marketplace Realities series. This comprehensive report offers valuable insights into upcoming trends and rate forecasts for insurance buyers in North America. https://lnkd.in/gPDvCauA #WTW #Trends2026 #insurance #RiskManagement #CyberRisks #CyberInsurance #GeopoliticalRisk #ASmarterWayToRisk #InsuranceIndustry #WTWPerspective

The latest WTW Marketplace Realities 2026 report highlights a rare and promising inflection point for commercial insurance buyers. Nearly all commercial lines—except excess casualty—are in soft-market territory, offering opportunities to expand coverage and optimize portfolios. Property insurance rates continue to soften, with some programs seeing up to 20% price drops. However, excess casualty remains challenging with ongoing price increases, though at a slightly reduced pace compared to last year. The report advises buyers to balance the benefits of incumbent carrier relationships against new market options, emphasizing vigilance amid potential market volatility from natural disasters or cyber events. Middle market accounts see a two-tiered market, with favorable pricing for some sectors and tighter terms for others. #Insurance #PropertyCasualty https://lnkd.in/eVfTYdP6

“Risk-based pricing” is a basic #insurance concept – yet misunderstandings about it regularly sow confusion and spark calls for government intervention that would likely do consumers more harm than good. A new Triple-I Issues Brief sorts out the reasons for the confusion and explains why legislative involvement in insurance #pricing is not the answer to rising #premiums. https://lnkd.in/e3FbQQhW