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What analysis, if any, has been undertaken by the Minister or his officials of whether long-term customers are paying higher prices than new customers in sectors such as insurance? and 1 other question

Answered 16800, 16805 (2026)
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Asked by

Arena Williams

Member for Manurewa · Labour Party

Questions

  • 16800

    What analysis, if any, has been undertaken by the Minister or his officials of whether long-term customers are paying higher prices than new customers in sectors such as insurance?

  • 16805

    Does the Minister believe insurance markets are delivering fair outcomes for kiwi consumers; if yes, why?

    Original response/referral lodged:

Answered by

Cameron Brewer

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

Answer

Cabinet invited the Council of Financial Regulators to undertake a six-month focussed review to address data gaps and consider the drivers of residential pricing and affordability. This invitation includes inviting the Commerce Commission to make an initial market assessment of the residential insurance market. The results of this review will be presented to the Minister of Finance and me in mid-2026. Further work may be commissioned once the results of this discovery phase are reported.