Comprehensive insurance protection for banks, insurers, financial advisors, and fintech companies across New Zealand.
The financial services industry in New Zealand operates under intense regulatory oversight from the Financial Markets Authority (FMA), Reserve Bank of New Zealand (RBNZ), and Commerce Commission. Banks, insurers, financial advisers, fund managers, and fintech companies face significant risks that require comprehensive insurance coverage.
Financial services businesses handle sensitive client data, manage substantial sums of money, and provide advice that can have far-reaching consequences. A single mistake, allegation of misconduct, or cyber breach can result in costly legal proceedings, regulatory investigations, substantial fines, and reputational damage.
With increasing regulatory requirements, sophisticated cyber threats, and complex financial products, having the right insurance portfolio is essential. This includes cover for professional liability, directors' personal exposure, regulatory investigations, and business interruption.
The cornerstone of cover for financial advisers, planners, and service providers. Protects against claims arising from:
Personal liability protection for directors, executives, and board members. Essential cover including:
Financial services firms are prime targets for cyber criminals. Essential protection includes:
Protects against regulatory breaches and investigations in New Zealand:
Financial services businesses in New Zealand face numerous risks that can result in significant claims:
Financial services insurance costs in New Zealand vary based on your business type, size, revenue, regulatory status, and risk profile. Here's what you can typically expect:
| Business Type | Professional Indemnity | D&O Insurance | Cyber Liability |
|---|---|---|---|
| Financial Adviser (Authorised) | From $2,500/year | From $1,500/year | From $1,200/year |
| Insurance Broker | From $3,000/year | From $1,800/year | From $1,400/year |
| Fund Manager | From $5,000/year | From $3,000/year | From $2,000/year |
| Fintech Company | From $3,500/year | From $2,500/year | From $2,500/year |
| Mortgage Broker | From $2,000/year | From $1,200/year | From $1,000/year |
| Accountancy Firm (with FAP) | From $2,500/year | From $1,500/year | From $1,200/year |
* These are indicative costs only. Actual premiums depend on your specific circumstances, claims history, coverage limits, regulatory status, and insurer. Contact us for a personalised quote.
Our brokers compare multiple insurers to find you the best cover at competitive prices tailored to your financial services business.
Get a Free Quote Speak to a BrokerFinancial services businesses must comply with various regulatory requirements:
Protection against professional negligence and errors
Personal liability protection for directors and executives
Comprehensive cover for management risks
Protection against data breaches and cyber threats
Cover for fines, penalties and legal defence costs
Cover for third-party injury and property damage
Cover for lost income during disruption
Protection against loss of critical personnel
Get comprehensive insurance cover tailored to the financial services industry. Our expert brokers understand the unique regulatory and operational risks you face.