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Does the Minister intend to address the rise in insurance premiums; if yes, what actions? and 2 other questions

Answered 12936, 12953, 12954 (2026)
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Asked by

Arena Williams

Member for Manurewa · Labour Party

Questions

  • 12936

    Does the Minister intend to address the rise in insurance premiums; if yes, what actions?

  • 12953

    What, if anything, is the Minister's policy agenda for residential insurance pricing and affordability and the impact of recent price increases on consumers?

  • 12954

    What initiatives, if any, is the Minister considering when it comes to affordability of insurance for kiwi consumers?

Answered by

Cameron Brewer

Member for Upper Harbour · National Party · Minister of Commerce and Consumer Affairs

Answer

The Government invited Council of Financial Regulators (CoFR) agencies to do a focused review of insurance affordability for households earlier this year. CoFR agencies will report back on initial findings to the Minister of Finance and me in mid-2026. Further work may be commissioned once the results of this discovery phase are reported.