Find financial news and analysis across NZ and Australia.
11 results for “insurance”
The inaugural State of Competition report identifies financial and insurance services as industries with the weakest competitive pressure, highlighting a 916% rise in insurance premiums since 2000.
Finance Minister Nicola Willis expects banks to absorb the new NZ$209 million prudential levy, but New Zealand's concentrated financial market suggests otherwise. This editorial explores why everyday consumers, rather than highly profitable institutions, are likely to end up paying the bill.
Tower Limited has reported a significant drop in its half-year profit to $22.9 million, down from $49.7 million a year earlier. The decline was driven by a sharp rise in weather-related claims costing $18.5 million, leading to a slide in the insurer's share price.
The Australian Government is rolling out its $14.8 billion Strengthening Australia's Fuel Resilience Package to bolster long-term fuel security. However, consumers face immediate retail price rises as the temporary $2.5 billion fuel excise cut expires on June 30, 2026.
New Zealand’s shift of credit regulation to the FMA and the repeal of director liability under the CCCFA are framed as wins for consumers. However, this editorial argues that stripping personal accountability from financial executives risks exposing vulnerable borrowers to systemic lending misconduct.
New Zealand Finance Minister Nicola Willis has defended a new $209 million prudential levy introduced in Budget 2026. Willis expressed confidence that major banks will absorb the regulatory costs rather than pass them on to consumers.
Finance Minister Nicola Willis has delivered Budget 2026, committing $7 billion in capital funding for key transport, health, and housing projects. The package balances infrastructure catch-up with fiscal prudence amid trimmed growth forecasts.
The Corporations Amendment (Digital Assets Framework) Act 2026 has received Royal Assent, bringing digital asset platforms under Australia's AFSL regime. Existing operators face a June 30, 2026 deadline to apply for licensing as the industry moves toward a formal commencement in April 2027.
New data reveals Australia's First Home Guarantee scheme is driving a 6.7% price surge in eligible properties, significantly outperforming the broader market and increasing household debt.
The RBNZ's May 2026 Financial Stability Report highlights a resilient financial system facing a slower recovery due to Middle East conflicts and 50-year high diesel prices.
New data shows Australia's expanded Home Guarantee Scheme has fueled a 6.7% price jump in lower-end properties, significantly outpacing the broader market's 3.6% growth.