General Insurance

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This Topix looks at the proposed changes to levy rates for the three levied ACC accounts. There are small increases proposed for the Earners’ and Motor accounts and a reduction for the Work account. However, not all is what it seems…

Change to the EQC cap. What does it mean for insurance prices?   In this article we have a look at the change to the EQC cap and what it might do to insurance prices. We look at differences between regions and by sum insured, to see who are likely to be the winners and losers from this change.

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)?

This work was presented at the NZ Society of Actuaries 2018 conference.

This paper was presented at the NZ Society of Actuaries 2016 conference.

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 (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

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.

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.