In New Zealand the firefighting services are funded by a tax, the Fire & Emergency Levy. This levy is added to the insurance premiums for personal and commercial property, motor vehicles, contract works and other insurance policies.

As we approach the halfway point in 2024, we thought it would be an ideal time to update all of you on the current state of play within the general insurance market. We will also discuss the broader economic environment, our expectations for the next 6-12 months, ongoing risks to manage, and some helpful tips to navigate this insurance cycle and control costs.

National Hazards Cover will operate under the Natural Hazards Insurance Act from 1 July 2024. Attached are details around this change and what cover you have. Coverage points remain similar and access to NH Cover is managed via your private insurance policy (Like house and contents policies)