Tower to present risk ratings on sea surge, landslips in coming months

Tower to present risk ratings on sea surge, landslips in coming months
(Image: Getty)
Paul McBeth
Tower will show customers its ratings on landslide and sea surge risks as it tries to paint a more accurate picture for its 321,000 customers in an environment where more regular natural disasters are driving up premiums.The New Zealand stock exchange-listed general insurer was at the forefront of introducing risk-based pricing, where it used granular data to match premiums to the potential to pay a claim rather than smooth them out across all its customers.That’s meant some customers in areas more prone to natural hazards have faced stee...

More Finance

Andrew Barclay to leave Goldman Sachs NZ
Finance

Andrew Barclay to leave Goldman Sachs NZ

Andrew Barclay has been one of NZ’s most respected deal-makers.

Pattrick Smellie 20 May 2025
How Sharesies is providing ‘patient’ capital for listeds
Finance

How Sharesies is providing ‘patient’ capital for listeds

The online platform is being tapped for bookbuilds and dividend reinvestment plans.

Fonterra boss wins big at INFINZ awards
Finance

Fonterra boss wins big at INFINZ awards

Michele Embling became a fellow of the institute. 

Staff reporters 13 May 2025
No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

Gregor Thompson 09 May 2025