Most of us have already felt the pinch in one way or another — and the latest economic figures for Quarter 2 of 2025 (ending 30 June) shows that New Zealand’s economy contracted by 0.09 percent. The size of this decline came as a surprise to many economists, but on the ground, many New Zealanders felt the decline first-hand — from reduced consumer spending to business caution, all intensified by new trade tariffs announced in the United States and a general drop in confidence across global markets.

We’re very excited to release our first official Company Profile which is now live.

End of Quarter 2 - 30 June 2025 Over the past quarter, economic activity has remained subdued, reflected in lower building cost inflation and a flat housing market. At the same time, the cost of essentials—including food, accommodation, and energy—rose by 4.2%. This presents a mixed local picture, which is further complicated by ongoing global uncertainty and rising cost pressures abroad.

The first quarter of 2025 has now closed with a mixture of stable to slow economic news against the backdrop of global uncertainty.

aibGROUP Insurance Limited (AIB) is a fully licensed Financial Advice Provider (FAP) as amended by the Financial Services legislation Amendment Act 2019 (FMC Act).

Dear Valued Clients, As 2024 draws to a close, we know many of you are gearing up for some well-deserved time off. Whether it's spending time with loved ones or simply taking time for yourself, this season is all about recharging, reflecting on the year gone by, and getting ready for what’s next.

The official cash rate (OCR) dropped 50 basis points to 4.25% 27 November, with the RBNZ's Monetary Policy Committee noting that “inflation expectations at all horizons are close to the target midpoint”. They added that "With significant spare productive capacity expected in the economy over the next 12 months, the Committee is confident that remaining inflation pressures will abate”.  Now is a good time to provide a final 2024 update with our views on the current state of the general insurance market alongside the broader economic backdrop as we start to plan for 2025.

Richard starts this week and with it an exciting opportunity for both Richard and aibGROUP clients. With over 20 years of commercial insurance market experience, Richard brings extensive knowledge and insight that will be invaluable to our clients.

The CrowdStrike outage in July highlighted the need to have a robust Cyber Risk Protection policy in place. Now is the right time for you to take another look at Cyber Risk Protection with aibGROUP insurance.

Over the past 3 months, we have seen further market news and announcements that makes it worth updating you all again alongside our views on the current state of play within the general insurance market and the economic environment we are all navigating.

Many of our clients take advantage of our premium funding services. Spreading your insurance premiums over the annual period of the policy contract smooths out cash flow. Paying via a regular instalment plan is flexible, convenient, and helps make budgeting less cumbersome. Find more details is the download below.

In New Zealand the firefighting services are funded by a tax, the Fire & Emergency Levy. This levy is added to the insurance premiums for personal and commercial property, motor vehicles, contract works and other insurance policies.