The reason why health insurance premiums are soaring
A new report shows medical costs in New Zealand have seen some of the sharpest increases in the Asia-Pacific region and worldwide.
The 2025 Global Medical Trend Rates Report from Aon measures the percentage increase in medical plan costs per employee — both insured and self-insured — over the past year.
The report provides medical trend rate forecasts for 112 countries and locations worldwide.
According to the report, New Zealand’s medical trend rate surged from 7.4% in 2024 to 14.5% in...MORE»
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Southern Cross Health Society Group annual results reflect steep increase in demand for private healthcare
Today Southern Cross Health Society Group (“Group”) shares its annual results for the year ended 30 June 2024, highlighting extraordinary growth in claims over the year; in volume and value. MORE »
Public health treatment going private – good news?Monday, March 10th, 11:00AM
Steve Wright wonders whether the government's plans to use private health care facilities to reduce elective surgery waiting lists is a good idea. MORE» |
[GRTV] Turning FMA visits into opportunities: Head of client engagement at Insurance people shares insights from her experienceThursday, March 6th, 6:50AM
Insurance People’s Katrina Church sees FMA visits as an opportunity, not a threat. Speaking on Good Returns TV, she stresses the importance of preparation, strong governance, and a client-first approach to ensure firms stay on track and add real value. MORE» |
Claims rises outstrip premium increases
The latest Financial Services Council life insurance statistics show an increase in claims rises outstripped premium increases,
MORE»Life and health market outlook 2025
Everyone is telling us that there are a lot of lapses. Most reviews of the life sector say that there are some serious challenges: there are a lot of lapses and large numbers of people are uninsured, and not-great levels of new business.
MORE»Chubb names new CEO
Chubb's new chief executive has 30 years of experience in the retail banking and insurance industries.
MORE»nib posts first half loss but expects to rebound in second half
nib New Zealand said unusually high, industry-wide costs and claims inflation and slow economic growth had an impact on the health insurer’s first half profit.
MORE»[Opinion] Are life advisers required to be proactive?
Steve Wright asks; How proactive are life advisers expected to be with their existing clients? The answer is not straightforward.
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