Services
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Services
Eroad still seeing solid growth, expects more from Australia, US
Eroad reported double-digit annualised unit growth as more vehicles use its electronic distance recorders and tracking devices but it’s still not satisfied with the performance in the US and Australia.The Auckland-based company said it added 4,123 units in the three months ended...
Services
NZ life insurers rate poorly on claims payouts, costs and solvency: RBNZ
Life insurers in New Zealand tend to be more profitable than their peers in other OECD countries, pay out less in claims, have higher costs and have less solvency capital.That's the conclusion of a paper on the sector written by Jinny Leong and Adrian Allott for the Reserve Bank,...
Services
Trade Me sells LifeDirect back to former owner
Trade Me has sold its LifeDirect business back to the financial adviser it bought it from, saying the insurance comparison website doesn’t fit its portfolio anymore.Lower Hutt-based financial adviser Mark Solomon has agreed to buy back the business for an undisclosed sum, with se...
Services
Services sector slows but firms are hiring
Weaker sales weighed on service sector activity in December but that may prove temporary as firms employed more staff and New Zealanders have started the year feeling more optimistic about the state of the labour market.The BNZ-BusinessNZ performance of services index fell to a s...
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