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aibGROUP Explains - Motor Vehicle Insurance market

Insurers are seeing higher costs associated with Motor Vehicle claims

At aibGROUP Insurance we are now seeing a change in the premium rating model adopted by Insurers across the Motor Vehicle market. Click here to read and understand more about the claims costs facing Insurers in regards to this insurance cover

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  • Understanding Employment Disputes Cover

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    Businesses who employ staff will typically carry a Management Liability policy package. However, that policy package may not automatically include Employment Disputes (Employment Practises) protection. Some Insurers tend to see this as an optional policy line or they may not wish to offer it. Others may include it automatically for a specific limit of indemnity that should be reviewed. For those businesses operating with staff in Australia and/or further afield the discussion and coverage needs further assessment to cover the right jurisdictions/territories the business operates in outside of New Zealand.

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  • Burglary & Theft Claims On The Rise

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    In recent years, New Zealand has witnessed a concerning surge in commercial crime, with burglary topping the list of insurance claims. According to data from NZI Insurance, commercial crime claims rose by a significant 26% last year, with Auckland bearing the brunt of this increase, accounting for 37% of the claims. This alarming trend underscores the pressing need for businesses across the country to fortify their defences against theft and burglary.

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  • Valencia Fire & ACP Sheets

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    On February 22, a fire swept through a 14-story apartment block in the Campanar neighborhood of Valencia, Spain. Within minutes the entire building was engulfed in flames, and so far 10 people have died.

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