Sustainability
At NZI, our primary purpose - to pay all genuine claims and provide insurance to the community at an affordable cost - is affected by environmental and social factors, ranging from climate change to crime.
In turn our own business impacts on the community, the environment and the wider economy. That's why we see it as our responsibility - and more importantly, good business - to operate sustainably and in a way that recognises these impacts and responds to them effectively. So how do we manage our business in a sustainable way to ensure our survival in the future? The answer, we believe, lies in reducing risk.
Fewer risks mean customers can avoid unnecessary hardship, and we can provide insurance at an affordable cost. We work with our customers and the community on a number of risk reduction programmes, such as fire prevention strategies, crime prevention programmes and community sponsorships.
Our natural environment sustains everything that we do, including our business. Because we see global warming and climate change as a serious business issue we are reducing our own environmental footprint, and encourage our customers and suppliers to do the same. We believe everyone - from individuals and families to communities and organisations - can contribute to protect our environment.
We are making environment and community central to the way we run our business, a commitment that embraces our 2,000 employees, our policyholders, shareholders and service providers. For a company which has almost 2.7 million policies in force and with a wide range of business products, this is an opportunity to make a significant difference.
Sustainability Products
At NZI, we see global warming and climate change as a serious business issue, so we're working to reduce our environmental footprint. In line with this leadership approach, NZI is the first business in New Zealand to tenant a building that is rated 5 star Green Star on both design and interior fit out. This will assist us in reducing our CO2 emissions towards our commitment to be carbon neutral by 2012.
Over the past year we have also launched a number of sustainable insurance products which not only make good environmental sense; they also save our customers money on their power and fuel bills.
Personal
House insurance
NZI will rebuild your entire home under an insurance claim, and depending what policy you take out, can contribute either $10,000 or $20,000 to add sustainable features.
Contents insurance
If you make a claim for whiteware, the item can be replaced with an energy-efficient equivalent, provided the item needs to be replaced.
Motor vehicle insurance
Low kilometres
If you drive less than 5,000km in a policy year you’ll receive a 10% discount on your comprehensive vehicle premium.
Hybrid or fuel efficient vehicle insurance
If you have a hybrid or fuel efficient vehicle that meets the qualifying criteria, and you’ll receive a 10% discount on your comprehensive vehicle premium. Click here to view a list of fuel efficient vehicles that qualify for the discount.
If you have a hybrid or fuel efficient discount and also drive less than 5,000km, you will receive a 15% discount on your comprehensive vehicle premium.
Commercial
NZI Commercial Motor
If you drive a hybrid or fuel-efficient vehicle that meets the qualifying criteria, you can receive a 10% discount on your comprehensive vehicle insurance premiums. (Note: This offer does not apply to fleet rated or rural business).
NZI Residential Dwellings (Multi-Dwelling)
For customers who insure their Body Corporate will receive an additional $5,000 per unit to incorporate sustainable products (up to a maximum of $25,000 per policy) when rebuilding, following a total loss to one or more unit.
NZI Material Damage
If you make a claim for office equipment under this insurance cover, you will have the opportunity to replace items with energy efficient equivalents provided the items need to be replaced.
NZI Material Damage - ‘Green Building Extension’
Customers who purchase the ‘green building’ extension on their policy will receive up to $250,000 extra to use more sustainable products when rebuilding their property following a total loss.
Sustainability reporting
Sustainability reports measure a company's performance in three important areas: social, economic and environmental. We are proud to be the first insurer in New Zealand to report on these dimensions of its performance.
NZI's sustainability programme is aimed at making the places in which we live safer and more sustainable for our customers, suppliers, stakeholders and the wider community. The report details the steps we have made in these areas since our first report in 2005.
2008 See report or you can read the report online at www.seeonline.co.nz.
2007 See report
2006 See report
2005 See report
We welcome your feedback - please feel free to send your comments to sustainability@iag.co.nz.