Increases to reinsurance costs aren’t specific to AA Insurance. Recently, increasing reinsurance costs have impacted premiums across the insurance industry. This has been influenced by recent extreme weather and natural hazard events. As a result of these events, reinsurers are changing how they view New Zealand and the costs being charged to insurers, which means reinsurance costs have increased significantly.
Are AA Insurance the only ones impacted by a change in reinsurance costs or is this an industry wide change?
Are AA Insurance the only ones impacted by a change in reinsurance costs or is this an industry wide change?
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Will making a claim affect my insurance premium?Why do I pay more if my car has finance owing?What is the premium breakdown you’ve sent me?Why has my premium gone up even though sum insured has decreased?How does agreed value affect my premium?Why have reinsurance costs increased?I don’t live in a flood zone, earthquake prone or high risk area – why has my premium increased?Are AA Insurance the only ones impacted by a change in reinsurance costs or is this an industry wide change?I haven't made any home or contents claims in the past, why are my premiums going up?I haven't made any car claims in the past, why are my premiums going up?See more