Insurance Post

New Zealand market in “state of transformation”

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New Zealand’s non-life insurance market is in a state of transformation as it grapples with prolonged earthquake activity in addition to regulatory developments, a new special report from AM Best has found.

The report, New Zealand’s Insurance Market on Cusp of Transformation, states insurers face a period of uncertainty as an estimated 8000 aftershocks and earthquakes have occurred in the past year.

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