http://www.timeinsurance.co.nz/

TIME Insurance, 139 Randwick Road, Moera, Wellington (2026)

31/08/2026

Budget 2026 has been released – and there are a few things in it that will directly affect your insurance. Let's break it down. 🏛️💸

Most people skim past budget announcements. But this one has real implications for Kiwi homeowners, businesses, and anyone who pays an insurance premium.

Here's what you need to know:

💰 A new levy on insurers is coming
The Government is introducing a prudential levy on banks and insurers from 2027/28 – expected to generate around $70 million a year. Consultation is coming soon, but here's the uncomfortable truth: when insurers face new costs, those costs don't disappear. They get passed on. To you.

🗺️ A National Flood Map is finally being funded
This is genuinely good news. Knowing which properties sit in flood-prone areas is critical for making smart decisions about where to buy, build and insure. This has been needed for years.

🌪️ Natural hazard resilience is getting serious investment
State highway upgrades, $17 million for climate adaptation policy work, $9 million for emergency warning systems – the Government is starting to treat natural hazard risk like the national issue it is.

🏗️ Crown infrastructure risk is being looked at
$2 million has been set aside to develop a business case for managing public infrastructure risk. Early days, but a signal that big structural change could be coming.

The bottom line? Insurance in New Zealand is getting more expensive and more complex. Government policy is moving fast – and your cover needs to keep up.

📩 Message me and let's make sure your policies are ready for what's coming.

27/08/2026

The New Zealand insurance market just hit $11.3 billion – and it's actually shrinking. 📉

The latest figures from the Insurance Council of NZ show the total general insurance market is down 2.4% year-on-year as of March 2026. For an industry that's been raising premiums for years, that's a surprising headline.

So what's actually going on?

Here's how the market breaks down:

🏢 Commercial insurance – 46% – the biggest slice by far.
🏠 Home insurance – 23%
🚗 Motor insurance – 20%
📦 Contents insurance – 8%
📋 Other – 3%

The fact that the market is contracting tells an interesting story. It could mean fewer businesses are taking out cover. It could mean policies are being dropped as cost of living pressure bites. Or it could mean insurers are pulling back from certain risks altogether.

None of those are good news for everyday Kiwis.

Here's some of the concerns: when markets tighten, insurers get more selective. Riskier properties, older buildings, and businesses without solid risk management practices become harder – and more expensive – to insure.

If you've been putting off reviewing your cover, now is exactly the wrong time to do that.

📩 Message me and let's make sure you're not caught out when the market gets tougher.

Source: Vero Market Landscape June 2026 / Insurance Council of New Zealand

24/08/2026

Tradies, couriers, mobile businesses – Vero has added something to your insurance policy and it costs you nothing extra. 🚐🔧

If you've got a light commercial vehicle insured through Vero or AMP, you now automatically get Vero Roadside Assistance – delivered by the AA. No extra premium. No catch.

Here's what's included:

🔋 Flat battery? Jump start sorted.
🔧 Can't fix it roadside? Towed to the nearest repairer.
🛞 Flat tyre? Changed on the spot.
⛽ Run out of fuel? Emergency delivery on its way.
🔑 Locked out? They'll get you back in.
🚌 Stranded? Emergency transport home covered.

And with over 50% of AA callouts attended within 45 minutes, 24/7 support, and nationwide coverage – this is genuinely useful cover for anyone whose income depends on staying mobile.

Because here's the reality: when your work van breaks down, it's not just inconvenient. It's lost jobs, missed deadlines, and unhappy customers. For a tradie or courier, even a two-hour delay can cost hundreds of dollars in lost income.

A breakdown used to mean scrambling for a tow truck, an Uber, and a prayer. Now it means one phone call.

This applies to vans, utes, SUVs – if it's a light commercial vehicle on a Vero or AMP policy, you're covered.

📖Read all the details: https://www.vero.co.nz/newsroom/Less-Whoa%2c-More-Go--Vero-Launches-Roadside-Assistance-for-Light-Commercial-Vehicle-Customers.html

20/08/2026

A Kiwi surfer. Hawaii. A wipeout. And a $48,000 medical bill. 🏄🌊

What started as a dream surf trip turned into a hospital stay and surgery faster than you can say "hang ten."

The good news? They had travel insurance with Cover More. So while they were focused on recovering and getting cleared to fly home, the $48,000 bill was being taken care of – not sitting on their credit card.

Here's what most people don't think about when they book an overseas trip:

🏥 Overseas hospital costs are brutal – especially in the USA.
🏄 Adventure activities like surfing aren't always covered by standard travel insurance.
✈️ Getting medically cleared to fly home can take days or weeks.
💸 Without cover, every single one of those costs lands on you.

$48,000. That's years of savings. That's the kind of bill that follows you home long after your tan fades.

Travel insurance isn't just a box to tick before you board. It's the thing standing between you and financial devastation when your trip takes an unexpected turn.

And the thing is – it costs a fraction of what a single hospital visit overseas does.

📩 Planning a surf trip, ski trip, or any kind of adventure travel? Message me before you go and let's make sure you're properly covered.

17/08/2026

What if the home you bought – or are about to buy – sits in a flood zone nobody told you about? 🏡🌊

That's not a hypothetical. It's happening to Kiwi families right now.

Suncorp NZ's CEO published a powerful piece calling out something the insurance industry has known for years: New Zealanders are making the biggest financial decisions of their lives without access to the climate risk data they need to make informed choices.

The Auckland Anniversary floods dumped a summer's worth of rain in a single day. Cyclone Gabrielle became the costliest weather event in NZ history. Suncorp alone paid out $1.2 billion in claims in one financial year – much of it from those two events.

And yet, when people bought those homes, most had no idea of the flood risk sitting beneath their feet.

The Independent Reference Group on Climate Adaptation has released recommendations calling for free, property-level natural hazard data to be made available to every New Zealander – covering flooding, erosion and landslips – before they buy, build or insure.

This is long overdue.

Because "buyer beware" only works if the buyer actually has access to the information. Right now, they don't.

For homeowners and property buyers, this matters enormously – not just for your safety, but for your insurance. Properties in high-risk areas are becoming harder and more expensive to insure. That trend is only going one way.

📩 Not sure what your property's risk profile looks like? Message me.

📖 Read the full article: https://www.suncorp.co.nz/news-and-media/op-ed-beyond-buyer-beware-making-climate-risk-visible-to-all.html

14/08/2026

More Kiwi businesses are going direct for their insurance. And the industry is worried about it. Here's why they should be. 👀

A panel of NZ insurance industry experts had a candid conversation about where the market is heading – and one thing stood out: businesses are splitting into two camps. Those who use a broker for everything. And those who bypass brokers entirely and go direct.

The ones going direct? They think they're getting a better deal.

Here's what they're actually getting:

❌ A policy they picked themselves, without knowing what they don't know.
❌ No one in their corner when a claim gets complicated.
❌ Cover that may not flex as their business grows and changes.

Here's what broker clients get:

✅ Someone who looks at their whole business risk – not just one policy.
✅ A professional who handles the claim process so they don't have to.
✅ Advice that keeps up as their business evolves.

And this stat hit me hard: 40% of small businesses will make a claim in their first five years. When that happens, do you want to be navigating it alone – or do you want someone who does this every day handling it for you?

Think of a broker the same way you think of your accountant or lawyer. You wouldn't do your own tax return to save a few dollars. Why would you risk your entire business to save on insurance?

📩 Message me – let's make sure your business is properly covered.

▶️ Vero SMExpertise Panel | 1. Growth opportunities for the intermediated channel. Watch here: https://www.youtube.com/watch?v=WLduy_oBdMA

11/08/2026

Here's something most business owners don't know: when your insurance renewal lands on an underwriter's desk, the first thing they look at isn't your premium history. It's your risk management. 👀

In a NZ industry panel discussion, this came up loud and clear – businesses with strong risk management practices get better outcomes. Better cover. Better pricing. Better relationships with their insurer.

And businesses without it? They're a harder sell.

Here's what underwriters are actually asking when they assess your business:

🔍 What risk management procedures do you have in place?
🔍 If something went wrong before – what did you do about it?
🔍 Has anything changed in your business this year?

That last one is huge. Kiwi businesses pivot constantly – new products, new premises, new vehicles, new staff. If your broker doesn't know about it, your insurer doesn't know about it. And if your insurer doesn't know about it, you might not be covered for it.

Risk management doesn't have to be complicated. It can be as simple as:

✅ Having staff able to work from home if your premises go down.
✅ Documenting your hazards and how you manage them.
✅ Telling your broker when anything in your business changes.

📩 Want to know more? Send me a message.

▶️ Vero SMExpertise Panel | 2. How SMEs approach risk management. Watch here: https://www.youtube.com/watch?v=NI8ryZJEw60

08/08/2026

The Mount Everest base camp trek is on thousands of Kiwis' bucket lists. But here's what nobody talks about. 🏔️

Altitude sickness is real, it hits fast, and at altitude – there's no just "sleeping it off." One traveller found this out the hard way when their Nepal trek turned into a medical emergency requiring urgent evacuation to hospital.

The total bill? $18,280.

The amount they paid out of pocket? $0.

Why? Because they had the right travel insurance in place before they left – specifically an Adventure Activities add-on that covered high-altitude trekking, emergency evacuation, and medical expenses.

Here's the uncomfortable truth: standard travel insurance often doesn't cover adventure activities. If you're trekking, skiing, diving, riding motorbikes or doing anything that gets your heart rate up – you need to check the fine print before you board that plane.

Because $18,000 is a lot of money to find out you weren't covered.

🔗 Read the full story: https://nz.covermoreconnect.com/altitude-sickness-in-nepal/

06/08/2026

What happens to your business if you have to recall your product? 😬

One contaminated batch. One malicious tampering incident. One packaging error. That's all it takes to trigger a product recall – and the costs that follow can be absolutely devastating for a New Zealand business.

We're talking about:
💸 The cost of pulling every product off every shelf.
💸 Replacing, refunding or reformulating the affected product.
💸 Lost income while your business grinds to a halt.
💸 Legal fees, regulatory fines and penalties.
💸 And the hardest one to put a price on – your reputation.

Most small and medium Kiwi businesses that manufacture, produce, or sell physical products have absolutely no cover for this. They assume it won't happen to them – until it does.

Product Recall Insurance from Delta Insurance covers exactly this. Whether it's an accidental contamination, a storage error, malicious tampering by an employee, or even a product extortion threat – you're covered. And critically, it includes crisis management and reputation support to help you navigate the fallout without your brand going up in smoke.

If you make it, package it, blend it, label it or sell it – this is a conversation worth having.

🔗 Find out more: https://deltainsurance.co.nz/products/product-recall

31/07/2026

Had a great TIME at the Insurertech event last night hosted by the Natural Hazards Commision.

Good insight into the data strategy behind the latest version of Aotearoa's Natural Hazards Portal. How this will impact your premium in the future 🧐

Caught up with some of our partners Paul from Bounce Insurance and Dan and Brendon from Folio 🤝🏿

TIME Insurance

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