IBANZ

Insurance Brokers Association of New Zealand

IBANZ - New Zealand's professional association representing the interests of insurance brokers, risk managers and consumers.

About IBANZ

IBANZ gives strength and support to Members enabling them to better meet their duties, challenges and opportunities.

We achieve this through staying involved with Government activity and legislative reform impacting the insurance industry, and more specifically fire and general brokers and their clients.

Our association takes part in regular meetings with many Government agencies including the Ministry of Business, Innovation and Employment (MBIE), the Financial Markets Authority (FMA), the Natural Hazards Commission (NHC), Fire and Emergency New Zealand (FENZ), Internal Affairs (IA) and Treasury as well as Ministers and opposition MPs. The scope and nature of our interaction with government agencies is constantly evolving.

We also support our Members in deepening their knowledge, enhancing their understanding of fair conduct and client care, and expanding their skills. Through our Continuing Professional Development (CPD) program, we offer high-quality presentations by expert speakers on a wide range of topics, including fire and general, and business-related subjects.

Read more here.

 
CoverNote

CoverNote Magazine

The Insurance Professionals online magazine
Read the latest topics in the NZ inter- mediated insurance market.

LEARN MORE →

Understanding Insurance

Risk is part of our everyday lives.

We make decisions involving risk frequently, often without even thinking about it.  Many things we do create risk, including:

  • Crossing a road
  • Going on holiday
  • Driving a car
  • Mowing lawns
  • Working with power tools
  • Lighting fires
  • Moving house

 

 
Family

It is typically accepted that there are four ways to manage the risks we face:

  1. Minimise - putting on a seat belt in a car or attending a driver safety course.
  2. Eliminate – choosing not to holiday in a country that is on travel advisory notice or arranging recommended vaccinations when traveling overseas to ensure you don’t get ill.
  3. Accept – participating in adrenaline activities such as sky diving, canyoning, ice climbing or base jumping.
  4. Transfer – entering into a contract to transfer risk to another party.

Insurance is a form of risk transfer.  Find out more here.

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