ACC Partnership Programme & WSMP

ACC has / is removing the Workplace Safety Management Practices discount.  What does this mean for the relative merits of joining the Accredited Employer Programme (AEP)?

IFRS17: Key Issues for Health Insurers

IFRS17 (the new accounting standard for insurance contracts) was released in May 2017.   This newsletter looks at three key issues for health insurers, namely:

  • Deferred acquisition costs
  • Onerous contracts
  • Contract boundary

IFRS17 Key Issues for General Insurers

IFRS17 (the new accounting standard for insurance contracts) has been released.

This newsletter looks at three key issues for general insurers. Namely:

  • Multi year policies
  • Onerous contracts
  • Risk margins

IPSA Review – Issues Paper

This newsletter looks at the issues paper recently released by the Reserve Bank in regard to their review of the Insurance (Prudential Supervision) Act 2010. We discuss the key issues for non-life insurers, perhaps the most important of which is maintaining a level playing field between New Zealand and foreign insurers.

Insurance industry financial statements and TOWER analysis

MJW has compiled a library of all the financial statements for every insurer licensed to operate in New Zealand as discussed in the attached newsletter. We’ve also done an analysis of TOWER’s accounts given the recent purchase offer by Fairfax.

Driverless cars and insurance telematics

Disruptive technologies threaten to shake up the insurance industry, and some commentators would have you believe that these are just around the corner. This article looks at some of the factors that need to be present for such technologies to succeed and considers the implications for New Zealand insurers.

RMS model release 2016

Risk Management Solutions has finally release their updated New Zealand Earthquake HD model.   The new model has serious implications for New Zealand insurers.