Life Insurance NZ

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    Momentum Life issued life insurance licence in New Zealand (press release)
    Momentum Life, one of the fastest growing direct-to-customer life insurance brands in New Zealand, announces the grant of their life insurance licence. Following almost two years of impressive growth, Momentum Life announced that it has been issued a

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    The Australian

    AIA, AIG in race for AMP assets
    The Australian
    AMP is believed to be fielding approaches from AIA and AIG about buying at least $5 billion worth of assets, including its life insurance, wealth management and New Zealand operations. AIA and AIG have been mentioned as possible buyers of AMP's life

    Kiwis paid $9b in premiums to the big insurers in 2017
    New Zealand Herald
    Payouts for life insurance increased from $1.26 billion to $1.33 billion while non-life insurance claims rose from $4.14b to $6.86b. The jump in claims saw a squeeze on the bottom line profits of insurers with the after-tax profit for the big insurers