2021 News

Tower has invested in detailed modelling showing the risk of flooding from rivers and rain for residential addresses across New Zealand.

Tower has today announced two executive appointments to help drive the insurer’s focus on transparent and fair customer experiences.

Tower is on track to take complete ownership of its subsidiary National Pacific Insurance Limited (NPI).

Tower Insurance and Business Link Pacific (BLP) have today announced a new partnership focusing on lifting insurance awareness, understanding and penetration across the South Pacific region.

Tower Limited (NZX/ASX:TWR) has appointed Paul Johnston as Chief Financial Officer, subject to completion of the regulatory approvals process.

Coastguard, and its newest partner Tower, are calling on all boaties to get prepared for a safe summer.

Tower is set to further automate the process of detecting genuine and suspicious claims in real time, to allow for a faster process for customers in need. The automated system is made possible through Tower’s international partnership with Dutch AI-based solution FRISS.

Canstar’s inaugural Car Insurer of the Year Award has revealed what every car owner wants to know: Where to get the best value and features for insurance to protect one of your most expensive assets – your car. And the answer, according to Canstar’s bespoke award methodology and customer feedback, is Tower Insurance!

Tower Insurance has made a change to how it supports customers dealing with the total loss of their house from events like fires or floods to incentivise them to rebuild their houses more sustainably. A payment of up to $15,000, on top of their usual insurance pay out, is available for customers who have their homes severely damaged or completely destroyed by a fire or flood.

Tower has today announced that it will now be offering boat insurance policies online.

Trade Me has extended its six-year partnership with Tower Insurance for at least another five years. Together the two Kiwi businesses will continue offering insurance to Trade Me’s millions of members and will invest further in new products and digital services.

Tower on mission to deliver easiest, fastest and most accurate insurance quotes.

Tower Insurance has signed an agreement with Allianz Partners, one of the world’s leading travel insurance specialists, to deliver travel insurance to Kiwis including selected cover for epidemics and pandemics. The relationship will also deliver other new products, such as pet insurance.

Open is teaming up with Tower Insurance to launch Huddle, bringing simple, personalised, digital-first insurance to New Zealand.

Kiwi insurer, Tower Limited (NZX/ASX:TWR) has today reported half year profit of $12m, down from $14.9m for the half year 2020. Underlying profit before large events was $18m, 5% lower than the prior year.

Kiwi insurer Tower today announced it is partnering with CSC Buying Group and New Zealand InsurTech start-up Sentro to provide hundreds of thousands of New Zealanders with access to discounted insurance for the first time.

Global company rating specialist A.M. Best has reaffirmed Tower Limited’s financial strength rating at A- (Excellent).

Tower Insurance has partnered with the New Zealand Defence Force (NZDF) to provide tailored insurance policies to more than 150,000 people, covering current and former service men and women, and their families.

Kiwi insurer Tower (NZX/ASX: TWR) announced it has agreed to pay $14m in cash to ANZ to acquire and assume ANZ’s rights and obligations relating to servicing a portfolio of insurance underwritten by Tower.