The future for insurance in NZ

The future for insurance in NZ
(Image: Getty)
Julia Jones
Globally, there is a trend of increasing frequency of extreme weather events, prompting noteworthy shifts within the insurance landscape. Anecdotally, reports indicate certain smaller insurance entities are strategically withdrawing from regions such as California and parts of Florida. This strategic retreat is attributed to the challenges associated with reinsuring in the face of escalating climate-related risks.Against the backdrop of recent unprecedented events in New Zealand, questions arise regarding the trajectory of the insurance in...

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