We are pleased to share our latest edition of NZ Insurance Market Trends Update. Our annual report explores legal and claims trends, legislative and regulatory developments and significant recent decisions that impact insurers, underwriters, brokers and corporates operating in the New Zealand insurance market.
Our report includes more than 30 articles that look at trends, developments and a range of significant cases across financial lines, liability, property, healthcare, and cyber & technology. It highlights new trends in long-standing issues, such as D&O claims driven by financial distress, natural disaster claims, product liability recalls and cybercrime. It also looks at emerging issues, such as modern slavery and the construction industry, ESG issues and the rise in derivative and representative actions.
Another theme arising across the report is the potential impact of current and impending reform, such as the Therapeutic Products Act, the Worker Protection (Migrant and Other Employees) Act, the Resource Management Act, lawyer regulation and complaints, FMA auditing frequency, and the updated list of occupational diseases in Schedule 2 of the Accident Compensation Act 2001.
You can download the full report below.