Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


The future of insurance looks green

The future of insurance looks green

IAG NZ, New Zealand's largest insurance company trading under the State and NZI brands, today released its third sustainability report, called See.

See discusses IAG NZ's commitment to sustainability, and to being a sustainable business, through dedication to employees, customers and community.

The company's commitment to be carbon neutral by 2012 underlies many of the initiatives discussed in the report. IAG NZ is the first insurer in New Zealand to commit to becoming carbon neutral.

Our changing climate is a strong feature of the report, and an issue CEO Nick Hawkins believes is the biggest facing the insurance industry.

"We're seeing an increase in the frequency and severity of weather events, which means more destruction and higher insurance losses. Our challenge is to educate and protect our customers, dedicate resources to understanding climate change and manage costs to keep insurance affordable," he explains.

This year, a concise version of the report has been printed, with more information available online at

Highlights include the construction of a 5 Green Star rated office building for IAG NZ's Auckland operations and the release of the first sustainable insurance products in the New Zealand market, which reward customers for sustainable behaviour. The report also talks about how IAG NZ is working with suppliers, partners and employees to help them be more sustainable.

IAG NZ's 2006 sustainability report won the award for Best Sustainability Reporting by a corporate at the New Zealand Institute of Chartered Accountants 2007 Annual Report Awards.

About IAG New Zealand Limited

IAG New Zealand Limited (IAG NZ) trades under the State and NZI insurance brands and underwrites general insurance for some of the country's leading financial institutions. IAG NZ is New Zealand's largest general insurer, with a 36% share of the insurance market, managing 2.7 million policies on behalf of more than 1 million New Zealanders. IAG NZ is a wholly owned subsidiary of Insurance Australia Group (IAG), Australasia's largest general insurer.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news