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

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025