Insurers are reluctant to share details on an insurance cost comparison site according to the Herald.
What are the people behind iCompare doing wrong?
LifeDirect was bought out by TradeMe if I recall correctly, and you can easily compare life insurance quotes on that site.
Refusal to give data to an independent website isn’t necessarily anti-competitive behaviour, but there are clear rents to be earned in the insurance sector.
With the move to sum insured instead of full replacement in the aftermath of the Christchurch earthquake disaster, insurance needs to be on the regulatory radar.
Most people don’t have diversified portfolios and carry debt, so any upset in their situation is tough to deal with.
Fed chair Janet Yellen was right when she said the other day that asset building is key to making households more resilient to future financial crises.