Governance, Risk and Compliance – The New Zealand Insurance Industry : Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Ken Research’s Governance, Risk and Compliance- the New Zealand Insurance Industry provides an overview of the insurance regulatory framework in New Zealand. It gives the latest key changes, and changes expected in the country’s insurance regulatory framework. The report provides key regulations and market practices related to different types of insurance product in the country and rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in New Zealand. The key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations and details of the tax and legal systems in the country are detailed in the report. The insurance market in New Zealand is focused on paying the claims of damages of the Christchurch earthquakes of 2011. Even the New Zealand court continues to hear cases on earthquake – related litigated claims. Many of the claims relate to Policy interpretation of insuring clauses, Extensions and exclusions, the interpretation of the statutory provisions underpinning the cover provided by the Earthquake Commission (EQC) (a state-owned natural disaster insurer) and a relatively new wave of litigated claims has emerged, involving claims against insurers and construction professionals arising out of allegedly inadequate repairs undertaken to Christchurch earthquake damaged buildings. The effect of climate change has hit New Zealand and has affected the insurance market, which proved to be expensive for the insurers due to weather – related losses, especially in 2017. This trend is expected to continue due to the country’s population concentrated in coastal areas. Insurers have adapted to the environmental changes from offering indemnity – based natural disaster over to only sum- insured policies.New Zealand insurance market continues to grow with many new local and international entrants. This has led to new product lines from across the spectrum with offshore backing from overseas insurers. There has been innovation in the market in terms of new product lines, insurtech, environmental liability and risk involved in the use of unmanned aerial vehicles. The Reserve Bank of New Zealand (RBNZ) is the regulatory body that regulates the insurers as under Insurance Act of 2010, which lays the rules and framework to carry out insurance business in New Zealand. This Act applies to every ‘person’ carrying out the business in insurance- a company, association of persons. To carry out insurance business, the person is required to obtain licence from the Reserve Bank of New Zealand, which will be issued upon satisfying certain conditions. To know more, click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/zealand-insurance-industry/156671-93.html Related Report:- https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-canadian-insurance-industry/4403-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-californian-insurance-industry/4430-93.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: Market Size Of New Zealand in Insurance Industry, New Zealand Insurance Industry Forecast, New Zealand Insurance Industry Gross Revenue, New Zealand Insurance Industry Growth Analysis, New Zealand Insurance Industry Leading Players, New Zealand Insurance Industry Market Analysis, New Zealand Insurance Industry Statistics, New Zealand Insurance Market Future Outlook, New Zealand Insurance Market Research Report, New Zealand Insurance Market Share