In this edition, we explore a number of recent developments shaping the insurance industry.
We report on a recent meeting with professional indemnity insurers in London. While our previous discussions with them centred on the growing impact of cyber events, this year, risks arising from the increasing use of artificial intelligence or AI tools dominated the conversation.
We examine the implications of the Resource Management (Consenting and Other System Changes) Amendment Act 2025, which marks a significant shift in how environmental liability is managed and insured in New Zealand.
We provide insights into the Reserve Bank of New Zealand’s proposed reforms to the Insurance (Prudential Supervision) Act 2010. These changes aim to move from a light-touch approach to a more proactive, risk-based
regulatory framework, aligning New Zealand more closely with international standards such as Europe’s Solvency II.
Following our previous coverage of the Contracts of Insurance Act, we offer deeper dives into its key provisions, including a closer look at the two new duties of disclosure and the introduction of a new third-party claims regime.
We look at some perennial issues in business interruption insurance and some guidance from recent caselaw.
A case study features a significant ruling from the Court of Appeal of England and Wales which clarified the treatment of furlough payments in COVID-19 business interruption insurance claims.
We conclude with an analysis of a case involving claims for loss of aircraft in Russia as a result of the conflict in Ukraine. AerCap Ireland Ltd v AIG Europe SA & Ors [2025] addresses the issue of when insured property may be considered “lost” when its location is known and its recovery remains a possibility.
We hope you find this issue of Cover to Cover insightful and thought-provoking. If any of the topics resonate with you, we’d be delighted to continue the conversation.
Read Cover to Cover
This issue is available in PDF or individual articles below:
AI risks: What do insurers want to know about your use of AI?
Another ban on insuring against fines: key changes to the RMA and what they mean for the insurance industry
Current issues in business interruption insurance
IPSA reforms: Will New Zealand follow the European Union?
Contracts of Insurance Act deep dive: Fair presentation of the risk – A new duty of disclosure for non-consumer insurance contracts
Russian aircraft claims: When are assets lost for the purpose of an insurance policy?
Case study | Deductions of furlough payments from insurance entitlements: Court of Appeal clarifies the position
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