Average house claims in the six months to March 31 rose 8% to $4620.
An apparent increase in house fires, possibly relating to the age of homes and the quality of their wiring, is putting pressure on Tower Insurance’s claims costs and hurting margins.
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Press Release – Tower Insurance
Kiwi-owned insurer now working with one of the world’s largest travel insurance specialists
As New Zealand begins to open its borders with other countries, Kiwis will be looking for travel insurance to help cover them in the face of COVID-19.
Tower Insurance has signed an agreement with Allianz Partners, one of the world’s leading travel insurance specialists, to deliver travel insurance to Kiwis including selected cover for epidemics and pandemics. The relationship will also deliver other new products, such as pet insurance.
Allianz Partners was one of the first travel insurance specialists to provide travel insurance coverage directly related to epidemics and pandemics in the wake of COVID-19.
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