New Zealand’s insurance market is often viewed from offshore through the prism of catastrophe risk. Earthquakes, floods and severe weather dominate perceptions of the country’s exposures. But for brokers, the more consequential story right now is commercial opportunity. Despite that natural hazard backdrop, the market’s soft phase in key segments, with easing rates, strong underwriting appetite and a growing agency presence, is creating unusually favourable conditions for brokers targeting SME clients.
