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IAG NZ’s commitment to future regulation

IAG New Zealand is committed to shaping the future of insurance regulation while promoting sustainable practices within our communities. Our initiatives span across key issues such as climate change, fire service levy, and comprehensive regulatory advancements in collaboration with industry leaders and government bodies. We facilitate discussions with stakeholders, raise public awareness, and enhance our reputation through proactive engagement. Our goal is to achieve sustainable outcomes by integrating the best practices from Australian systems without full harmonization.

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IAG NZ’s commitment to future regulation

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  1. IAG NZ’s commitment to future regulation

  2. Our purpose

  3. Our key issues in the community Under Insurance Non Insurance Fire Service Levy Climate Change Industry Regulation • Company wide project • Initiatives raised in direct and broker business • Increased awareness • NZ Climate modelling • District Councils • Group Climate Strategy • WWF • Continue to lobby Government • Review of Fire Service • Working with Insurance Council of NZ • Leading industry on issue (including IBANZ) • Law Commission review • Government Financial Intermediaries Taskforce Raising Public Awareness Talking to our People and Customers Lobbying Politicians and Government MPs Engaging Government Agencies Briefing Media Improving image and reputation Increasing profile Achieving sustainable outcomes

  4. Our objectives • Best of Australian system • Not full harmonisation • Conglomerate supervision will be quicker than NZ regulation

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