Nib NZ has risk and culture review on the radar

Nib NZ has risk and culture review on the radar
Paul McBeth
By Paul McBeth Aug. 20 (BusinessDesk) - Australian health insurer nib Holdings will review its risk and culture in New Zealand as trans-Tasman financial services come to grips with the regulatory crackdown on the sector. Nib New Zealand will carry out the review in the 2020 financial year in response to the joint Reserve Bank-Financial Markets Authority report into life insurers. It found a range of unacceptable conduct among those firms and placed a firm emphasis on the use of soft commissions, such as overseas junkets. Health and gen...

More Finance

Surcharge ban may not be a win for consumers
Finance

Peter Griffin: Surcharge ban may not be a win for consumers

There are winners and losers in the surcharge move.

Peter Griffin 30 Jul 2025
FNZ employee shareholders stake claim at $7.7b
Finance

FNZ employee shareholders stake claim at $7.7b

The claim has been lodged in the High Court at Wellington.

Victoria Young 29 Jul 2025
FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
‘Teflon Man’ Neil Quigley’s next big job
Finance Analysis

Pattrick Smellie: ‘Teflon Man’ Neil Quigley’s next big job

Is the RBNZ lining up a Canadian replacement for Adrian Orr?

Pattrick Smellie 23 Jul 2025