Reinsurance costs have been influenced by the significant number of claims we’ve received in recent years, due to 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 AA Insurance’s reinsurance costs have increased significantly.
Why have reinsurance costs increased?
This provides general information only and is not intended to be a recommendation or personalised financial advice. Excesses, terms, conditions, limits and exclusions apply to AA Insurance Limited’s policies. Please check the policy wording and your schedule for details of cover. The provision of cover is subject to the underwriting criteria that apply at the time.
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