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New Zealand life insurers adjust investment portfolios

The Insurance Council of New Zealand (ICNZ) put forward new regulatory requirements for life insurers, writes Insurance Business.
New Zealand life insurers adjust investment portfolios

Tim Grafton, the Insurance Council executive, informed that long-term investments by life insurers would no longer concern the extractive industry and enterprises adversely affecting the environment: “We will see that insurers will opt out of investments that are harmful to the environment and replace them with those that support a low-carbon economy”.

ICNZ believes that Covid-19 has accelerated the digital transformation in life, accident and health insurance, and insurance managers are looking to move to cloud solutions in order to use modern business models that support operations, sales and customer service from anywhere.

Source: https://www.insurancebusinessmag.com/nz/news/breaking-news/why-insurers-will-be-reexamining-their-investment-portfolios-254517.aspx

Photos are from open sources.

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