Insurers dumping multi-policy discounts following FMA actions
Large insurers rethink services offered to customers after penalties issued for historic breaches.
Vero plans to remove multi-policy discounts later this year.
Some large New Zealand insurers have decided to scrap multi-policy discount incentives to customers in favour of ‘simple’ products and services.
NBR understands the sector had found it difficult to give the discounts because systems had fallen short in some cases when making pricing
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