In the first half of 2024, New Zealand’s Directors and Officers (D&O) insurance market has continued the trend of premium stabilisation seen last year. Large enterprises are benefitting from premium reductions, providing some relief in an era of rising costs.

Meanwhile, small to medium-sized businesses with solid financials are seeing moderate premium increases due to inflation.

Although D&O renewal dates may vary, now is the perfect time to assess current market trends and learn from industry peers to make informed decisions about your D&O policies.

Key insights from Lockton’s report:

• Ever-Changing Renewals: Lockton highlights the variety of D&O renewal dates and the need to review trends for better planning.
• Proactive Strategy: Taking a proactive approach to the renewal process is key to optimising results and mitigating risks.
• Policy Limits and Deductibles: New market entrants present opportunities to reassess your policy limits for losses and defence costs.
• Mastering Premium Dynamics: Preparation can lead to better renewal outcomes and more effective control over insurance costs.

Download a copy of the full report published by Lockton below.

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