New Zealand’s insurance market has been recognized for its proactive management of natural catastrophe risks, particularly following experiences like the Christchurch earthquakes. Leaders from the industry at the NZUAC Expo highlighted the importance of maintaining robust reinsurance support and promoting innovative approaches to insurance offerings. They emphasized that the local market adapts solutions from global data while tailoring them to specific needs, illustrating strong resilience despite potential future challenges. Key practices include customized deductibles based on site-specific risk assessments, setting New Zealand apart from other international markets.
