Insurance Council of New Zealand
The Insurance Council of New Zealand (ICNZ) represents the interests of New Zealand’s general insurers. Its members provide cover for about $600 billion of New Zealand’s assets.
ICNZ wants to see New Zealand transition to a low carbon future in a way that means we are contributing our fair share internationally. They want to make sure insurance remains available and accessible to all, and are concerned that if the risks associated with climate change become too high, insurers may decide to either not accept the risk, or to price it so fewer people can afford it and that if mitigation and adaptation measures to address climate change are not taken globally, large aggregates of people and property will be at risk.
The Insurance Council's submission advocated for diversifying our export base and investing in agricultural emission reduction research.