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?
Why have reinsurance costs increased?
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Why has my premium gone up even though sum insured has decreased?Why has my premium gone up even though my agreed value has decreased?Why have reinsurance costs increased?I don’t live in a flood zone, earthquake prone or high risk area – why has my premium increased?Are AA Insurance the only ones impacted by a change in reinsurance costs or is this an industry wide change?I haven't made any home or contents claims in the past, why are my premiums going up?I haven't made any car claims in the past, why are my premiums going up?Why has my premium increased more than inflation?Do you price match with competitor premiums?Can I expect to see my premium increase for my policies in future?See more