A NZ Business Magazine article.
New Zealand’s location in the Pacific Ring of Fire makes it vulnerable to natural disasters. And with climate change in full swing, the risk of extreme weather events in the country, including storms, flooding, and drought, is magnified.
These are the main reasons why the Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa (ICNZ) and the country’s insurance providers have been collaborating with the central and local governments and various stakeholders to help raise public awareness of these natural hazards and build up the nation’s resilience in the face of calamities.