NZ’s five biggest life insurers sturdy enough to weather severe downturn

(Image: NZME)

Tue, 08 Aug 2023

The country’s five biggest life insurers – AIA, Asteron, Cigna, Fidelity Life and Partners Life – came through Reserve Bank of New Zealand stress testing with reassuring resilience. The five insurers – which account for three-quarters of the nation’s life premiums – withstood severe three years of economic and insurance shocks in the Reserve Bank of NZ’s (RBNZ) test, where interest rates and unemployment were elevated and a new pandemic combined with long covid to increase mortality and morbidity r...

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