NZ life, mortgage insurers likely to weather pandemic better than Australia

Tue, 02 Jun 2020

New Zealand life and mortgage insurers are likely to fare better than their Australian counterparts next year as income protection claims bite across the Tasman. Global ratings agency Standard and Poor’s has put the life and mortgage insurance sectors in Australia onto a 'negative' outlook, as unemployment rates deliver higher claims for mortgage insurance and with life insurers likely to be hit by pending income protection claims. By contrast, New Zealand life insurers should be less affected by income protection while health insurers be...

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