Insurance Market Post-Auckland Flood and Cyclone Gabrielle - Accelerate
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18 Apr Insurance Market Post-Auckland Flood and Cyclone Gabrielle

A year since the Auckland Floods and Cyclone Gabrielle, the insurance market has undergone significant changes. Global weather events, combined with local disasters, have led to a notable increase in premiums. Risk-rated insurance policies are now more common, reflecting the heightened flood risk. Furthermore, reinsurers are showing less willingness to cover flood-prone or unconsented buildings.

We understand that affordability is becoming a concern, compounded by rising living costs. At Accelerate, we’re committed to working with you to review policies actively and mitigate premium increases. With access to a broad range of insurers, we’ll ensure you have the appropriate cover in place.