Delta offers NZ’s first personal cyber insurance 28 August 2019 - NBR Senior Writer Nathan Smith talks to Craig and Fred about the first personal cyber-attack policy in New Zealand: While corporate cyber insurance has existed in various forms for about 20 years, policies for individuals are relatively new. But interests and attitudes toward cyber insurance have changed as people realise they can’t escape the risks of online exploitation. According to Gartner, the policy sector overall for corporates has been growing at 8% a year and is destined to be worth $US248 billion ($385b) by 2026. But Delta chief executive Craig Kirk spotted a gap in Read more
New Board Member appointed 27 August 2019 - Delta Insurance has appointed experienced insurance executive Kent Chaplin to its Advisory Board. A former chief executive officer and regional head for Lloyd’s in Asia-Pacific, Mr Chaplin has 25 years’ experience in the insurance industry with strengths in insurance law, executive management, underwriting, claims, operations, compliance and regulatory affairs, finance, strategy and market development. Mr Chaplin is a well-known insurance sector figure in Asia-Pacific and globally, having worked in Singapore for Lloyd’s from 2011 to 2018. Earlier this year he was appointed global head of reinsurance and specialty sales in Singapore for US-headquartered company DXC Read more
Five years on: Delta co-founders on being David to the industry Goliaths 2 May 2019 - NBR Senior Writer Gill South talks to Ian and Craig about the origins of Delta, the highs, the lows, the strategies that won them Insurance Agency of the Year for two years running and what's on the horizon. Starting up their own insurance company five years ago in Auckland wasn’t the easiest path to take for two experienced industry executives when the sector was so dominated by giant, internationally owned companies. Each had had international careers with big insurers. Brit Ian Pollard, Delta Insurance Group managing director and chairman, and Craig Kirk, the Australian-born chief executive – had worked Read more
Breakthrough business cyber-risk solution launched 11 April 2019 - Delta Insurance has partnered with global security company DynaRisk to deliver a cyber-protection and insurance solution for businesses and their employees and customers across Asia-Pacific.   Delta Insurance Group MD Ian Pollard says the cyber-risk product, which will be managed and marketed from Delta Insurance’s New Zealand and Singapore offices, is a first for the Asia-Pacific region, where industry commentators have long lamented the lack of innovation in cyber-risk solutions targeted at smaller enterprises. Delta Insurance New Zealand CEO Craig Kirk says cyber-attacks increased 205 percent last year in New Zealand and, tellingly, individuals bore the brunt of 65 Read more
Cricket, golf, bowls and Round the Bays! 11 April 2019 - It's been a busy start to the year ... a plethora of competition accompanied with varying skillsets and plenty of humour. The Wooton Kearney Annual Cricket Day A day of eight-a-side cricket at the Grafton Cricket Club on 20 Feb was the perfect excuse to catch a lime. However there was robust debate about the legality of Jasper's lime out to the middle to commence batting, bat in tow!     The Donaldson Brown Lawn Bowls 2019 Charity Event The Colonel and their secret spices got together on 22 February and rolled out two Delta Read more
Delta Insurance launches new cyber insurance and security package 9 April 2019 - Insurance Business' Gabriel Olano talks to Group Managing Director Ian Pollard about Delta's new cyber protection offer for the Asia Pacific region: Specialist insurer Delta Insurance has launched a cyber-protection and insurance product for businesses and their employees and customers across the Asia-Pacific region, in partnership with global cybersecurity firm DynaRisk. The new product will be managed and marketed from Delta Insurance’s New Zealand and Singapore offices. The package is intended initially for businesses but is also suitable to their customers, their employees or their family members. Organisations that take the package will receive a Read more
How insurers work with cyber experts to help prevent attacks 23 March 2019 - John Moore, Senior Underwriter & Financial Lines Manager at Delta Insurance, talks to Ksenia Stepanova from Insurance Business about insurers' increasing use of cyber experts: Although insurance is commonly seen as something that only comes into play after a loss, an increasing emphasis is being placed on pre-loss and prevention strategies – especially when it comes to issues like cybersecurity. According to John Moore, senior underwriter & financial lines manager at Delta Insurance, New Zealand insurers are increasingly looking to emulate overseas strategies and work with IT security vendors, bringing experts into their organisations and Read more
Drones a game changer for the construction sector 6 March 2019 - Delta CEO Craig Kirk writes about the transformational qualities of UAVs for the construction industry in the following article in Construction News. Unmanned aerial vehicles (UAVs) – or drones, as they’re popularly known – have gone from being a fancy photographic toy to an almost ubiquitous part of the landscape. From early uses in a purely photographic or filming capacity, providing a cheaper and safer option to get aerial shots, drones have broadened their reach to take a commanding role in many sectors, notably real estate, agriculture, film, TV – and construction. A 2018 Airways Read more
Celebrating five years! 15 February 2019 - With true entrepreneurial spirit, Ian and Craig said damn the torpedos and in 2014 launched Delta Insurance. Five years on and Delta has grown to 35 people, gained a place in the Deloitte Fast 50 and won three ANZIIF Awards. A five year jubilee well worth celebrating! 140 guests joined us from far and wide and we were treated to a harbour cruise, a stunning dinner at Mantells on the Water, two inspired speeches, a bromantic hug and then onto the dance floor where some epic shapes were cut into the wee small hours. Thanks to Read more
Men are from underwriting, women are from claims 5 February 2019 - Petra Lucioli, conference speaker and claims manager with Delta Insurance, spoke to exclusively to Insurance Business about her experience as a woman working in the insurance market. With nearly 20 years’ experience in liability claims management in the UK and New Zealand, Lucioli says she found her niche in claims, where she was surrounded by many other supportive women. She described the ‘huge split’ in the insurance workforce on gender lines, with underwriting being male-dominated and claims being more female-dominated. Lucioli attributes the gender-split to societal conditioning, saying that we tend to support men to develop the Read more
A single global ransomware attack could cost businesses almost $200bn 29 January 2019 - A global ransomware cyber-attack could cost $193bn and affect more than 600,000 businesses worldwide, according to a new report from the Cyber Risk Management (CyRiM) project, the Singapore-based public-private initiative that assesses cyber risks, to which Delta Insurance contributed to via Lloyd’s, one of the founding members. The report, Bashe Attack: Global infection by contagious malware, published today by the Cyber Risk Management project, paints the scenario where the attack is launched through an infected email, which once opened is forwarded to all contacts and within 24 hours encrypts all data on 30 million devices worldwide. Read more
New appointments for Delta in 2019 28 January 2019 - As we start to manage the next phase of growth for Delta, there are now wider responsibilities for the team: Ian Pollard - Group Chairman, Managing Director Delta International Ian focuses on the broader opportunities for the group holding company Delta International Limited, including Delta Singapore and other APAC opportunities. Craig Kirk – CEO, Delta New Zealand Craig leads the New Zealand operation and is responsible for realising its growth potential. Dinesh Murali - Underwriting Manager, Delta New Zealand Dinesh is responsible for the underwriting strategy and growth for the New Zealand liability business. He Read more
Delta proud to sponsor New Zealand Hi-Tech Awards 18 January 2019 - Delta is proud to be a sponsor of the 2019 New Zealand Hi-Tech Awards. The Awards are a platform for recognising the best of our technology industries, celebrating New Zealand’s most successful high-tech companies and highest achieving individuals, promoting high-tech successes and extending New Zealand's hi-tech profile beyond the technology sector. The New Zealand technology sector is the fastest growing sector in the country with almost 29,000 companies generating close to $9 billion in revenue across the electronics, software, telecommunications, creative technology and biotechnology sectors. The industry is also the third largest export earner for New Zealand, Read more
Top ten cybersecurity predictions for 2019 5 December 2018 - Next year is already shaping up to be a cybersecurity headache for researchers and businesses alike. Here are our predictions for the year ahead. 1. Business Continuity Planning A decade or two late for some organisations, cybersecurity is now considered a key business risk by the board. 2019 will see this trend accelerate as boards demand clarity and understanding in this area. The financial, reputational and indeed C- Suite employment risks of cyber breach will continue to drive board focus on cybersecurity up the agenda. 2. GDPR - the pain still to come The GDPR Read more
Delta stoked to win back-to-back awards for Underwriting Agency of the Year 29 November 2018 - What a night at the New Zealand Insurance Industry Awards for 2018! On a fantastic evening of glitter and glamour at the Sky City Convention Centre, we were absolutely delighted to win the Underwriting Agency of the Year Award for the second year in a row, as well as pick up the Young Insurance Professionals Employer of the Year Award. Miriama Kamo hosted the show with style and panache and everyone came dressed to the nines and in outstanding form.   Young Insurance Professionals Employer of the Year Award Managing Director Ian Pollard accepting the Read more
Delta sponsors NZ Fintech Summit 2018 29 November 2018 - Delta Insurance was proud to be a Gold Sponsor of the 2018 NZ Fintech Summit produced by Finnotec in collaboration with FinTechNZ. The event was designed for the financial services and innovation community and sought to showcase the latest financial technology thought leadership from New Zealand as well as globally. It will also unravelled the opportunities that exist in the sector and opened up discussion into the challenges faced by the sector today and the solutions available for them. Craig Kirk, General Manager of Delta Insurance NZ, also contributed to the day by participating on Read more
New Delta Insurance whitepaper takeaways: Insure your ideas to stop others from suing you for them 29 November 2018 - Delta recently featured in Idealog's Innovation issue, talking to Technology Editor Ben Mack on how businesses can best protect their competitive advantage in Intellectual Property: Haven’t insured your innovations and/or business ideas yet? You probably should – especially if the findings of Delta Insurance’s new comprehensive whitepaper on intellectual property in New Zealand are anything to go by. Here are some key takeaways from the whitepaper – and what they mean for organisations of all sizes. It’s not easy to innovate, as anyone can attest. But what’s not as well-known: not only is it difficult Read more
NZ companies urged to step up their protection of their intellectual property 22 November 2018 - The Morning Report business team on Radio New Zealand National interviewed General Manager Craig Kirk on the recent disturbing trends with patent trolls and counterfeiting and the steps New Zealand business needs to take to be able to defend their intellectual property. Andrew McCrae reports: New Zealand companies are increasingly being challenged to defend their intellectual property, incurring steep costs in the process. A report by specialty insurer Delta Insurance says export companies are particularly vulnerable in China and the United States, where it's finding an increase in predatory behaviour. Delta's General Manager Craig Kirk Read more
IP predators target Kiwi businesses overseas 21 November 2018 - Kiwi businesses can no longer afford to ignore intellectual property (IP) assets while drawing up their risk management strategy. That’s the key finding of a review of IP risk management by New Zealand company Delta Insurance, Protecting Your Competitive Advantage, which crystallises over a year of investigation into the IP landscape for local businesses. The review traces major trends in IP-related issues in two important Kiwi export markets: China, where product counterfeiting has long been a major issue, and the US, where “patent trolls” - unscrupulous operators who use IP litigation to extort money out of businesses - Read more
Collaboration key in making NZ and Singapore big players on the financial services stage 15 November 2018 - Delta Insurance gets a special mention in a Singapore Business Times publication quoting Hayley Horan the New Zealand Trade Commissioner to Singapore: Another Auckland company, Delta Insurance, opened its Singapore office in 2017, and was the first local company in Singapore to offer cybersecurity insurance. With cybercrime estimated to cost Singapore over S$2 billion each year, Delta has created a holistic Cyber Risk Management solution to help clients manage and mitigate these risks for their business.   The technological revolution over the last few years has undeniably disrupted many industries - and the financial services Read more
Fintech Festival in Singapore attracts over 40,000 attendees 14 November 2018 - Ian Pollard and Craig Kirk joined the Delta Insurance Singapore team at the three day Fintech Festival in Singapore. The festival is a global showcase event attracting over 40,000 delegates from all around the world. Delta Insurance Singapore was proud to have a booth alongside a number of fellow New Zealand and Singaporean companies and we had a huge amount of traffic to our stand. Among the visitors were Hayley Horan, New Zealand Trade Commissioner to Singapore and the honourable Damian O’Connor, the New Zealand Minister of State for Trade and Export Growth. Delta Singapore Read more
A great day at the races as Glorious Beijing wins the Delta 1400 6 November 2018 - Another fantastic bluebird day at the races as everyone was fabulous as they rocked up to a Champagne Breakfast at our offices before we headed off to Ellerslie. Another sun-soaked day and a prime location beside the track assisted with the festivities. After witnessing a rainy Melbourne Cup race in blue sky Auckland, we headed back to town for some quiet shandies and superb dance moves at Harbourside. Also congratulations go to Sue and Mark for winning the awards for Delta Best Dressed Fashion in the Field.
Delta sponsors the Wahine Toa of the Maori Women’s Welfare League 3 November 2018 - Delta is proud to sponsor the Te Atatu Maori Women’s Welfare League and Wahine Toa, a gala celebration to recognise the achievements of Dame June Mariu and Whaea Areta Koopu, both of whom are past Presidents and life members of the League. Their commitment, leadership and mentoring has been an inspiration to everyone in the League. Current President Prue Kapua and many other Branch members joined us in the celebrations and the evening was indeed a night to remember. The League was founded over 65 years ago and it is a unique and highly regarded Read more
Japan-New Zealand Summit on Smart Technologies for Cyber Smart Week 9 October 2018 - Delta was excited to sponsor and take part in the Japan-New Zealand Summit on Smart Technologies held yesterday at GridAKL. This fantastic event was hosted by Unitec and was part of CERT NZ’s Cyber Smart Week 2018 We got to hear about recent opportunities and challenges for smart societies, enabling technologies, and we got to discuss and network with decision makers, developers, and researchers from industry, government, public organisations, and academia.  We covered everything from cyber warfare to smart health care and how Japan and New Zealand can collaborate further in the future in terms Read more
Proud to be a partner for Cyber Smart Week 8 October 2018 - Delta is proud to be a partner for Cyber Smart Week this week, an initiative from Cert NZ designed to raise awareness of the cyber risks out there and giving some handy hints for individuals, companies and IT specialists to protect themselves and their businesses online. As the Cyber Smart website says: Cyber attacks are becoming more and more frequent over time, and they can affect anyone. It’s not just large organisations or businesses who are being attacked — smaller businesses and everyday New Zealanders are at risk too. Many cyber attacks aren’t specifically targeting Read more
Delta offers new IP insurance policy 24 September 2018 - ODT Business Reporter Simon Hartley talks with GM Craig Kirk and Senior Underwriter Avani Vyas on Delta's new IP product: Legal disputes over intellectual property — trademarks and patents — is on the rise and costing New Zealand companies dearly in some instances. A new policy by Delta Insurance may go some way to offering protection against spiralling litigation costs. One of the most high profile cases of late has been Fisher & Paykel Healthcare’s dispute with rival ResMed over patent allegations, fought in the US, UK, Europe, New Zealand and Australia, which has cost Read more
Proud to support the women of the future at the inaugural GirlBoss Awards 19 September 2018 - It was a huge honour to attend the inaugural GirlBoss Awards Celebration Evening on 19 September and truly humbling to be in the room with such amazing young women. The awards were aptly timed to coincide with the 125th anniversary of women’s suffrage and celebrated a new, young generation of innovative thinkers, with all 400 entrants aged between 11 and 18 years old. The inspiring young winners of the 2018 GirlBoss Awards with GirlBoss founder Alexia Hilbertou (centre) We were also delighted to have Petra Lucioli, our Claims Manager, as one of the judges on the Read more
Delta delighted to be finalists in two awards categories for the New Zealand Insurance Industry Awards 2018 17 September 2018 - We are delighted to announce that Delta Insurance are finalists in two categories at the 7th New Zealand Insurance Industry Awards – the first for Underwriting Agency of the Year and second for Young Insurance Professionals Employer of the Year.We’d like to thank all of our team for the massive effort they’ve put in over the past year to achieve these results and we can’t wait to share in the industry's achievements and celebrate the winners at the annual New Zealand Insurance Industry Awards dinner on 29 November.
Keynote speaker at the 3rd Asia Cyber Risk Summit in Singapore 17 September 2018 - MD for Delta Ian Pollard addressed the 3rd Asia Cyber Risk Summit held at the Mandarin Orchard Hotel in Singapore on 17 and 18 September. The theme for the Summit addressed the hottest developments in digital such as AI, big data, blockchain, cloud and cognitive computing and articulated the latest strategies in cyber defence: "Going beyond insurance to risk management and the new frontier of cyber defence with companies beginning to look at using distributed ledger technology, what are the new threats and vulnerabilities that companies have to be aware of to protect their businesses, customers Read more
A first for New Zealand: Delta Insurance releases cover for IP 11 September 2018 - Kiwi businesses can now afford to protect themselves against intellectual property (IP) risks, thanks to an audacious move by Delta Insurance. Filling a serious gap in New Zealand’s insurance market, Delta’s IP offering has been designed to make it easy for Kiwi companies to cover their legal costs in a battle over intangible assets such as trademarks or patents. New Zealand examples of IP are the trademarks of Marmite, Whittaker’s, Wattie’s or patents such as Gallagher’s electric fence systems or Sealegs’ amphibious watercraft. Delta Insurance senior underwriter Avani Vyas says dedicated IP coverage has long Read more
Launching an NZ first – coverage for IP legal expenses 11 September 2018 - On 11 September, Delta launched their new IP legal expenses coverage, a New Zealand first. They partnered with Duncan Cotterill and Antares to launch the product with a series of seminars in Auckland, Wellington and Christchurch.  The seminars shed light on what companies need to do to protect this most critical asset. Holding IP rights is a useful protection against others using an idea or innovation. However, holding these rights is not a guarantee that others will not attempt to imitate and seek to gain advantage of this innovation. Enforcing IP rights and also defending them is essential Read more
Identifying the risks that can’t be seen 7 September 2018 - MD Ian Pollard and Claims Manager Petra Lucioli discuss the intangible nature of cyber risks with Insurance Business editor Ksenia Stepanova: Insurance Business article Dealing with emerging risks is challenging, especially when they’re not always visible to the eye. With the rise of digitisation in an increasingly online world, many of the risks faced by households and businesses are also becoming intangible – emerging in the form of cybersecurity breaches and intellectual property theft. According to specialist insurer Delta Insurance, staying on top of emerging risks is becoming increasingly important for homes and businesses alike, and insurers and Read more
Innovative liability solution for food manufacturers 27 August 2018 - Editor for NZ Manufacturer Doug Green recently spoke to Dinesh Murali, Delta's Senior underwriter and casualty lines manager, about their new Manufacturer's Liability cover: Delta's Food manufacturers are increasingly confronted with new challenges and evolving risks because of rapid globalisation and expanding international supply chains.  With a 200% and 62% increase in recall rates for food products in the last two years, this suggests a high correlation with increased sourcing of ingredients from overseas suppliers. Dealing with suppliers from different jurisdictions adds another layer of complexity to the manufacturers risk portfolio for many reasons including Read more
How cyber insurance is evolving to stop evolving threats 21 August 2018 - Idealog recently interviewed Ian Pollard  in the following story on evolving cyber threats: Idealog article The insurance game is changing, Delta Insurance’s Ian Pollard says. And it’s not just responding after something has happened – it’s making sure nothing happens in the first place. It’s a sad reality: if you have a computer, chances are it’ll be compromised at one point or another. Whether it’s viruses, phishing, malware, or the evermore-popular (and ever-more-harmful) ransomware, at some point or another, something damaging will probably happen – and that could do a great deal of damage if Read more
Delta Insurance forges ahead after 2017 award 8 August 2018 - ANZIIF editor Anna Game-Lopata takes time out to interview Ian and Craig on progress since Delta's Insurance Agency of the Year Award 2017: When Ian Pollard and Craig Kirk (pictured) launched Delta Insurance in early 2014, they saw an opportunity for a new underwriting agency to bring passion, innovation and exceptional customer service to the New Zealand market. ‘We felt that brokers would welcome additional competition to a sector that was in the process of consolidation,’ says Pollard, who is the company’s Managing Director. ANZIIF article
Let the cyber battle begin 30 June 2018 - Three cyber experts from both sides of the Tasman share their views on the ANZIIF Journal on the state of play with cyber security and its future impact on business. Ian Pollard, Managing Director - Delta Insurance “Our geographical isolation has perhaps made us complacent in the face of relentless and invasive global cyber activity. With a cyber attack only the click of a button away, our status as an island nation at the bottom of the world provides us with no defence or security. In fact, it could be argued that our relatively lax Read more
Asia Australasia Alliance delegation to New Zealand 29 May 2018 - MD Ian Pollard recently addressed the Asia Australasia Alliance Insurance Group at the Sofitel in Auckland. The PIC-sponsored event asked Ian to discuss the latest trends in cyber security and cyber insurance, recently outlined in Delta's white paper on Cyber Insurance. Ian also elaborated on Delta's upcoming launch of their Personal Cyber product into the New Zealand market. The members of the Asia Australasia Alliance collectively handle annually premiums in excess of USD $500 million and employ over 750 staff across eleven countries and territories. They are a network of insurance broking firms that manage Read more
Expanding into Asia – some Delta tips for NZTE delegation 23 May 2018 - Managing Director Ian Pollard was asked by NZTE to join panel discussions in both Wellington and Auckland to brief the New Zealand Trade Commissioners delegation of New Zealand companies that were looking to expand into the Asian market. Ian spoke about Delta’s experience in setting up a branch office in Singapore and passed on some of the key considerations that made the establishment of the office such a success. To view a summary of Ian's thoughts on the Asian market, please click the link below.
Techweek seminars – With new innovation comes new risks 22 May 2018 - Delta Insurance  partnered with Deloitte Private and Augen Software Group to present three of the 538 events organised for Techweek throughout New Zealand. Start-up and high growth organisations deal with increasingly complex and changing environments. Our seminar offered an insight into the kinds of exposures tech businesses face, the mitigation tactics needed to tackle these issues and suggestions as to how start-ups can balance their growth objectives with good risk management practices. Delta’s John Moore, Financial Lines Manager, and Sharna Garbett, Claims Consultant, drew on their many years of tech experience and highlighted reoccurring trends, discussed real world incidents and stressed the Read more
Delta named IANZ Insurer of the Year 11 April 2018 - Insurance Business talks to general manager Craig Kirk about Delta's recent award at the IANZ Conference in Taupo: Delta Insurance has been named as Insurer of the Year at the Insurance Advisernet NZ Awards 2018, for the second year running. “We were thrilled to win this award again, backing it up to make it two years in a row,” Delta Insurance general manager Craig Kirk said. “As a business, we are incredibly focussed on innovation, quality of product, relationships and service and it is very rewarding to have our offering validated by our business partners Read more
Beaten and bruised: why recovery is critical to surviving cyber-attacks 4 April 2018 - NBR Business Reporter talks to MD Ian Pollard about the impact of cyber attacks. "No one can hide from cyber but what matters is bouncing back", Delta Insurance chief executive Ian Pollard says. Even if they load the right software, brief their staff and don’t click on strange emails, companies must prepare for a cyber-breach. It's inevitable. The headlines show companies being hit every day by cyber-criminals, from the well-defended to the wide open. Even Facebook can’t hold on to its data – and don’t get experts started on the weak security of government databases. Read more
Craig Kirk talks to FST Media on industry disruptors 26 March 2018 - As co-founder and general manager of Delta Insurance, one of the rising stars of New Zealand’s burgeoning specialist insurance industry, Craig Kirk has been a key driving force behind the company's digital-focused agenda. Large incumbent insurers are the first to admit that they don’t have the DNA or the systems flexibility to be able to drive the change that is needed in the industry. This is where insurtechs have a massive role to play. Technology lies at the heart of the Delta brand, not only in the systems that power its core business operations, but also in Read more
Ian Pollard podcast on evolving cyber insurance and online threats 6 March 2018 - Ian Pollard discusses a concerning new white paper on the state of cyber security in New Zealand. But on a more positive note, he also talks about how cyber insurance is evolving to meet the threats. Cyberattacks are one of the most dangerous threats facing New Zealand businesses. That isn’t exactly news to, well, anyone. But what is news is this: a new white paper from Delta Insurance highlights just how serious the issue is – and the fact many businesses aren’t doing enough to protect themselves despite the fact Aotearoa is a prime target Read more
New Zealand is one of the ‘Cyber Five’ APAC countries most at risk of cyber attacks 5 March 2018 - New Zealand is one of Asia Pacific’s ‘Cyber Five’ for the most vulnerable countries to cyber attacks despite increased cyber resilience capabilities and strategies to deal with them. That is what a new paper from Delta Insurance claims, citing the Global Cybersecurity Index that puts New Zealand in 19th place for its commitment to cybersecurity. The ‘Cyber Five’ includes New Zealand, Australia, South Korea, Japan and Singapore – countries that are apparently at risk of attacks more than any other Asian economy. “New Zealand’s global information footprint is on the rise and our increased dependencies Read more
NZ behind Australia on cyber protection 2 March 2018 - Ian Pollard talks to Kelly McGregor on Delta's latest white paper on cyber security:   Delta Insurance released a white paper on cyber insurance threats to Kiwi businesses yesterday, stating that just 6% of New Zealand SMEs have cyber insurance compared to 14% in Australia. Delta co-founder and director Ian Pollard said although New Zealand was tackling cyber risk and building resilience, the risk was still there because “we’re connected, we’re tech savvy, and we’ve been protected from a lot of traditional risk because of geography – that’s not the case now.” “The risks have Read more
The launch our new Cyber white paper and comprehensive Cyber cover 1 March 2018 - Delta Insurance Press Release: Here’s how to protect yourself from one of the greatest threats of 2018. Cyberattacks are one of the most dangerous threats facing New Zealand businesses. They are also – along with nuclear weapons and radical terrorism – considered one of the most dangerous global threats, according to US intelligence heads. Today, Delta Insurance has released research in their new white paper revealing the extent of the risks, and showing how businesses can protect themselves. It has also released an updated Cyber Insurance product, which offers cover including of Cloud and network failure, Read more
Cyberattack risks rise – how can NZ react to the changing landscape? 31 January 2018 - Cyber threats have become the risk of the century and if cyber security is one step behind these threats then cyber insurance is two steps behind, believes Munich Re. “Risk managers of large institutions already consider cyberattacks to be a severe risk, and therefore have insurance policies to address this. We are now seeing more and more small companies asking for cyber cover, especially after the latest large-scale attacks,” the insurance giant stated. Closer to home, Delta Insurance director Ian Pollard said his business is preparing a white paper on cyber threats, as well as reworking its cyber insurance policies Read more
Delta becomes founding member of Insurtech Working Group 15 December 2017 - The New Zealand Financial Innovation and Technology Association (FinTechNZ) has created an insurtech working group in response to the huge level of interest from the insurance industry. FinTechNZ is setting up a number of “vertical” areas of focus and associated working groups to promote engagement within multiple areas of interest across the community. Insurance was identified as a key segment where there is a huge amount of scope for further innovation. "New Zealand financial technology is the fastest-growing segment of our tech sector, at 48.5% per annum, and insurtech is an integral part of the Read more
Delta joins working group established to lead insurance technology revolution 6 December 2017 - FinTechNZ has created an Insurtech working group in response to a huge level of interest from the insurance industry. The New Zealand Financial Innovation and Technology Association (FinTechNZ) was established early this year to bring together an inclusive community of financial service providers, technology innovators, government regulators and other interested parties. Its key focus is connecting industry participants to promote and advance financial innovation and technology for the prosperity of New Zealanders. To complement its breadth of ‘horizontal’ engagement across the diverse financial services sector as ‘one inclusive community’, FinTechNZ is setting up a number Read more
Singapore’s First Automated Online Insurance Platform 23 November 2017 - Today Delta Insurance Singapore launched, Singapore’s first online Financial Lines insurance platform. Using proprietary technology, DeltaDigital offers brokers/advisors and policy buyers instant quotes for commercial (corporate) insurance products such as Cyber, Professional Liability, Technology Professional Liability and Management Liability. With DeltaDigital, insurance brokers/advisors can generate a quote instantly to present to buyers, such as small and medium enterprises (SMEs), who no longer have to go through the slow and complicated process of completing a physical proposal form. While the process traditionally can take up to several weeks, DeltaDigital is able to generate a quote Read more
Underwriting Agency of the Year 16 November 2017 - We are delighted to have won the inaugural award for Underwriting Agency of the Year at the ANZIIF Awards held at the SkyCity Convention Centre. Managing Director Ian Pollard accepted the award on behalf of Delta and acknowledged the Delta team in his speech: “Many thanks to ANZIIF for this award. This is truly humbling and is a reflection of the dedication, blood, sweat and tears from all at Delta Force over the last five years. We would like to thank each one of our amazing team in order of tenure: from our Board and Read more
Fun times at the Singapore Fintech Festival 15 November 2017 - As a founding member of Fintech NZ, General Manager Craig Kirk joined the delegation of industry experts to attend the Fintech Festival in Singapore. This was a fantastic way to showcase the technological innovation occurring within the New Zealand financial services industries. One of the key outcomes of the trip was that FintechNZ has joined the ASEAN Fintech Network. Craig was also busy on the Delta stand with the Singapore team - Eugene Cheong, Managing Director; Serena Lee, Financial Lines Manager; and Cecilia Lim, Finance & Office Manager - showcasing Delta products and technology to Read more
Life in the fast lane 9 November 2017 - The Deloitte Fast 50 Awards night was a night of inspiration, enthusiasm and pragmatism. The stories of these Fast 50 companies were a fantastic display of Kiwi vision and can-do attitude. At Delta, we feel honoured and privileged to be amongst these incredible companies and are immensely proud to be the 34th fastest growing company in New Zealand in 2017. Managing Director Ian Pollard and General Manager Craig Kirk accepted the award on behalf of the Delta team.      
A mighty fine day at the races 7 November 2017 - The dapper crew congregated at Fort Street for a few looseners before heading to Ellerslie for the main event. A sun-soaked day and a prime location beside the track assisted with the festivities. Congrats to Jasper for being the man about town and making it to the finals of the Melbourne Cup Day Style Awards. Looking suave! Also congratulations go to Ashley Greer from Apex and Sammy Chan from Willis for winning the Delta Best Dressed Awards. Although the day didn’t quite match the last-race bonanza from last year, at least Ian acted on a Read more
Comprehensive cover for the Manufacturing industry 6 November 2017 - The New Zealand manufacturing sector is experiencing strong growth, with exports of $49 billion last year, according to Statistics New Zealand. However, increased competition in the sector has required innovation and new product development and this has in turn given rise to its own challenges, such as heightened scope for product design defects and quality control issues. In the food segment, we continue to see regular product recalls, with about 40 food products being recalled in New Zealand so far this year. Additionally, embedded technology in equipment and machinery means that these products are now Read more
High tech on the Mainland 14 September 2017 - As the largest insurance provider for New Zealand’s technology sector, Delta was on hand at the Canterbury Tech Summit to keep abreast of the latest developments in technology. Karl Samson, our South Island Portfolio Manager, was joined by John Moore, our Senior Underwriter & Financial Lines Manager, at the Summit. Hot topics that were discussed included bitcoins, blockchains and cryptocurrency; cyber security in the Cloud; the revenue model for video production company 90 Seconds; and opportunities for Artificial Intelligence in New Zealand.
Highlighting Cyber Security Threats at The Financial Services Council conference 8 September 2017 - As part of the Financial Services Council conference on Navigating Change, Managing Director Ian Pollard was asked to moderate a panel discussion on Data Fraud and Cyber Security. He was joined by Nick Thompson from Propello, Ian Fletcher from InPhySec, Paul Ash from DPMC and Carmen Vicelich from Data Insight. Ian’s introduction to the panel discussion: “Thank you to the committee for the opportunity to be here today. For those of you who know me this is a subject that is very close to my heart; and especially the insurance solutions surrounding such (Cyber insurance Read more
Embracing technology at the ANZIIF conference 7 September 2017 - General Manager Craig Kirk was asked to lead a forum discussion at the Insurance Conference NZ in Auckland on the changing face of technology in the industry. The conference this year focused on the changes taking place with customer engagement and how it can benefit both the customer and the organisation. Topics discussed were how to improve customer experience and gain a competitive edge, how new technology can add value to the customer, and how Air New Zealand created such a successful customer experience programme. Amongst other things General Manager Craig Kirk addressed the following Read more
The ‘D word’ (Disruption) 15 August 2017 - General Manager Craig Kirk talks to ANZIIF Writer Anna Game-Lopata about FinTechNZ, the new kid on the block: New Zealand already has a very vibrant tech sector with some world-leading innovations. By nature, Kiwis are incredibly pioneering and resilient and this has created a rich entrepreneurial ecosystem of companies with a ‘can-do’ attitude who support each other. That’s according to Delta Insurance co-founder and director Craig Kirk, who is also on the Core Working Group of the New Zealand Financial Innovation and Technology Association (FinTechNZ). While Kirk concedes that the insurtech movement in New Zealand is still Read more
Delta establishes Mainland presence 11 August 2017 - A warm welcome to Karl Samson as our Delta man on the ground for the South Island. Karl has come onboard to look after our growing business and develop our existing broker relationships. Ian and Craig are delighted that Karl has decided to join the team. Says Ian: “Karl’s impressive credentials are ideally suited to this role and he is going to add a lot of value with his local knowledge. For us, it’s vital that we have someone on the ground who is 100% aware of the requirements and issues facing brokers in the Read more
Singapore expansion in the press 7 July 2017 - The launch of our Singapore office has generated some great press both in Singapore and New Zealand... The Straits Times: Delta Insurance opens for business in Singapore The Singapore Business Times: New company under Lloyd's coverholder model to offer cyber insurance Finews Asia: Insuretech Firm in Singapore launch Today Online: First dedicated cyber risk coverage for firms launched Radio New Zealand Business News: Delta taking on Asia  Insurance Business: Delta launches overseas bizEDGE: Auckland tech risk management company expands to Singapore Scoop: Auckland’s Delta Insurance expands into Singapore Fintech Innovation: New Zealand-based Delta Insurance launches in Singapore Live News: Delta's Singapore launch Voxy: Delta Insurance opens Read more
NBR interview: Singapore is just the start 7 July 2017 - Nathan Smith from the National Business Review talks to Managing Director Ian Pollard about the opening of their Singapore office and Delta's global growth strategy: Singapore will become the first overseas office to open in an ambitious expansion plan for Delta Insurance New Zealand. Delta Insurance supplies specialty liability insurance, UAV insurance, technology risk solutions and cyber coverage in New Zealand. The move to open in Singapore is part of its broader business strategy to grow globally and launch in 10 countries in 10 years. The locally owned and privately-held company was co-founded by managing Read more
Delta launches Singapore office 5 July 2017 - Yesterday we were excited to launch our first overseas office in Singapore. The move is part of our broader business strategy to grow globally. Singapore was a natural next step for us due to its position as a global centre of finance, commerce and technology. There are similarities with the New Zealand Fintech and Technology industries and we believe there will also be other regional opportunities for us, using Singapore as a base. We are the first Cyber and Technology Lloyd’s Coverholder in Asia, which we think is a timely move as Singapore’s drive towards a digital economy increases the value and importance of data. "Singapore Read more
Customer Satisfaction Survey 26 June 2017 - We are always seeking ways to improve on our products and services and we sent out a customer satisfaction survey to 700 brokers in May. We were over the moon with the feedback we received and it has spurred us on to work even harder for our brokers and their clients. We achieved a Net Promoter Score of 38 (compared with the New Zealand Insurance average NPS score of 11). 98% said the quality of our service is Extremely Good or Good 97% said the quality of our products are Extremely Good or Good 97% said our Read more
Insurance opportunity in wake of WannaCry 9 June 2017 - The recent global ransomware attack has highlighted the important role of the insurance industry in mitigating cyberattacks. Managing Director Ian Pollard spoke to Nerine Zoio from Insurance Business: "Ransomware attacks comprised 40% of our company’s insured cyber claims over the last 12 months. I predict the number of cyber insurers will double over the next two years (from eight to 16) and peak in 2018, making it the best time for New Zealand businesses to buy cyber insurance,” he said. “The global cyber insurance market will increase tenfold within the next eight years from US$3.5 billion Read more
NZ businesses not insured for growing cyber risks 25 May 2017 - Mina Martin interviews Managing Director Ian Pollard on New Zealand business lack of interest in insuring against cyber crime: NZ businesses appear unfazed in the face of rising incidents of ransomware and other cyberattacks, as barely 5% of them have taken out cyber insurance to protect themselves against the financial and reputational repercussions of cybercrime. A Symantec report showed that New Zealand has the second highest number of ransomware attacks in the southern hemisphere, and 21st globally. Latest estimates also revealed that cybercrime costs the country between NZ$250 million and NZ$500 million, and globally US$3 Read more
Ransomware cyber-attacks impact growing on NZ 23 May 2017 - Kip Brooks recently spoke to Managing Director Ian Pollard about the rise in ransomware in New Zealand: Barely five percent of New Zealand companies have taken out cyber insurance, despite a predicted rise in ransomware and other cyber issues, a leading New Zealand specialist underwriting agency says. Ian Pollard, Managing Director of Delta Insurance, says the total potential for the New Zealand Cyber Insurance market in time may reach $500 million in premiums. Delta is New Zealand’s only locally owned and operated specialist underwriting agency specialising in areas such as cyber, technology, environmental and UAV Read more
OECD report on an effective cyber insurance market 13 May 2017 - The OECD recently released this report on the global cyber insurance market - its coverage and potential gaps, the challenges regarding quantification of cyber risks, awareness and misunderstandings and the potential policy measures to address these challenges: The increasing use of and dependence on information technology in economic activities - while creating significant benefits in terms of productivity and efficiency - is also leading to significant risks. Among them are "digital security risks" which, when they materialise, can disrupt the achievement of economic and social objectives by compromising the confidentiality, integrity and availability of information and information Read more
Award for IANZ Insurer of the Year 3 May 2017 - We're humbled to have won an award last night at the Insurance Advisernet New Zealand annual conference. To be awarded IANZ Insurer of the Year from all the AdvisorNet brokers is truly an honour for us. Many thanks to all of our friends at IANZ for this recognition. This award is for the whole team at Delta and all of our families for supporting us through our journey.
Insuring for shared airspace 6 April 2017 - The Robotic Law Journal talks to GM Craig Kirk and Sam Jennings from aviation consulting firm Jennings Consulting about the issues facing the insurance industry as this high risk group of new aviation participants with minimal aviation knowledge begin to share airspace. What is the drone industry like in New Zealand at the moment? Jennings: There are over 100 “certificated” commercial UAV operators in NZ. The New Zealand Civil Aviation Authority estimates that there are an additional 400-500 commercial operators in NZ operating under the default regulatory structure. There is considerable uptake in the agricultural industry, with Read more
Significant increase in drone insurance cover 29 March 2017 - Voxy highlights the rise of drone insurance with General Manager Craig Kirk. New Zealand can expect many more people taking out drone insurance as the number of drones rapidly multiply meaning potential for accidents significantly increases. The drone industry by its nature is driven by scientific advancement, technological development and commercial entrepreneurialism, Delta Insurance general manager Craig Kirk says. Delta is New Zealand’s only locally owned and operated insurance company of its kind. New Zealand is supported by regulatory environments that promote and enable the appropriate testing and practical commercial use of drones. Kirk says if Read more
NZ needs to clean up its environmental act 16 March 2017 - GM Craig Kirk discusses the necessity for companies to be proactive about managing their environmental risks, with open source website Foreign Affairs: The increase in environmental pollution and contamination incidents in New Zealand means businesses are increasingly vulnerable to the potentially high financial cost of such events, a leading insurance expert says. Delta Insurance general manager Craig Kirk says various combinations of traditional liability policies, albeit each coming with their own exclusions, only serve to paper over environmental liability cracks. Taking a proactive risk management approach is paramount for businesses, he says. Companies must be Read more
Delta acquires naming rights at 57 Fort St 9 March 2017 - Delta Insurance has recently acquired the naming rights for their building at 57 Fort Street in the Auckland CBD, close to Queen Street and Britomart on the waterfront. We moved from the third floor to the eighth floor late last year and are enjoying our new space with views over Fort Street and out to the harbour. Please feel free to drop in to our offices for a coffee any time and say hi to the Delta team.  
One of Asia Pacific’s top 10 most promising risk management solution providers 7 March 2017 - Delta Insurance has been recognised by Hong Kong-based APAC CIO Outlook as one of the top 10 Risk Management Solution Providers in the Asia Pacific region for 2017. The following story was run in the March edition of the APAC CIO Outlook magazine. The insurance market in New Zealand is a transforming landscape, and a large part of this metamorphosis is the adoption of technology into the industry which is compelling businesses to rethink their traditional business models. It is also a complicated operating environment where businesses are exposed to strategic, operational, market, environmental and regulatory risks. Read more
Businesses urged to insure against cyber risk 27 February 2017 - Delta GM Craig Kirk talks to Computerworld's Stuart Corner about cyber risk management strategies that businesses can undertake in light of Marsh Head of Country Marcus Pearson's recent comments on the results of their recent Institute of Directors' survey: “It comes as no surprise there is frustration at the perceived slow progress of affordable, practical insurance protection for cyber related risks as insurance companies struggle to adapt to the pace of change." The article follows: Delta Insurance, which claims to be the only NZ owned specialist liability underwriting agency, is ramping up its credentials in Read more
Kiwi tech businesses must focus on risk management 26 February 2017 - Our General Manager Craig Kirk caught up with Kip Brook from Make Lemonade to discuss risk management for the thriving tech sector in New Zealand: Kiwi technology businesses need to ensure they are adopting risk management practices to remain at the forefront of the world stage, Delta Insurance says. The New Zealand technology sector has developed an outstanding global reputation for innovation, however the ever-expanding scope of emerging technology stand as both the industry’s greatest strength and weakness, Delta Insurance general manager Craig Kirk says. He says New Zealand companies should also consider tech liability Read more
NZ insurance sector’s fintech engagement lacking 20 February 2017 - Craig Kirk, General Manager at Delta Insurance, has signed up to a working group for FinTechNZ, a group made up of financial innovation and technology participants who want to help connect, promote and advance the trends shaping the FinTech ecosystem as an offshoot of NZ Tech. “We’re one of the larger insurers, if not the largest insurer, of tech companies in New Zealand with our tech liability offering and closely linked with that is our cyber liability offering,” he explained. “Because of that we became members of NZTech so we could get close to our Read more
Comprehensive insurance to meet the needs of the growing UAV industry 13 February 2017 - Today Delta Insurance launched New Zealand’s most comprehensive UAV (drone) operator’s insurance in conjunction with their sponsorship of the NZ UAV Conference held at the Auckland University of Technology. General Manager Craig Kirk and Underwriter Antonio Prgoment attended the conference and were impressed with the enthusiasm and diversity of participants within the industry. Commercial UAV technology, valued at over $127 billion globally, is seeing wholesale adoption across many New Zealand sectors including agriculture, media, film, surveying, real estate, oil & gas and logistics industries. In New Zealand there is currently no legal requirements for UAV operators to hold Read more
Navigating insurance in the tech sector 9 February 2017 - Averill Dickson, Partner at law firm Simmonds Stewart, takes time out with Delta Insurance General Manager Craig Kirk to discuss the finer points of liability insurance in the tech sector. Some excerpts from the Simmonds Stewart blog follow.   When should a start-up look to take out insurance? Insurance is often a grudge purchase – even more so for tech entrepreneurs used to risk-taking.  But, if used properly, it can help founders and directors sleep easy and focus on what matters most – growing their business. If you haven’t already got insurance, the times that you’ll need Read more
Top 10 Cyber predictions for 2017 8 December 2016 - Ian has had a busy 2016 addressing numerous conferences around New Zealand on cyber security. Here he gets out his crystal ball with his top ten predictions for 2017.   1. More choice with Cyber Insurance in the short term The number of Cyber Insurers will double over the next 1-2 years (from 8 to 16) and peak in 2018, making it the best time for Insureds to buy Cyber Insurance.   2. Exponential growth in Cyber Insurance The global cyber insurance market will increase tenfold within the next 8 years (from US$2.5 billion to Read more
Green talk with Uncle Sam 5 December 2016 - Ian was part of a working party invited to the American Consulate General to discuss environmental and technology issues with the US Ambassador Mark Gilbert. Sustainability is a passion of the Ambassador's and the round table discussions were far-ranging, covering a raft of environmental issues, the growth in green buildings and the role and impact of sustainable technology. Ian talked about the relationship and implications of environmental and technology issues on the insurance industry and the risk management strategies that have been adopted to manage these issues.
A heartfelt contribution to Heart Kids 26 November 2016 - Craig set off on the Taupo Steamer mountain bike marathon on 26 November. 60km of sublime trails through some of New Zealand's best scenery made up for some the pain points around the 3 and 4 hour mark! As Craig reflects on the challenge: "It was the most physically challenging thing I’ve ever had to do but I’m pleased that I did it. I'll be back next year to get under the 5 hour mark next time!" "The great news is that we collectively raised NZ$2,801 for Heart Kids, the third highest fund raiser for the event! Read more
Cyber crime rise puts insurance industry at risk 18 November 2016 - Digital disruption is caus­ing some serious soul­searching in the insurance industry - to the point where Lloyd's of London is ques­tioning the industry's rel­evance.  Delta Insurance man­aging director Ian Pollard doesn't quite agree cyber threats will be an "unin­surable risk," but he cer­tainly notices the lines blurring between brokers and insurers because of digital disruption.  "Insurers are starting to think about going more direct and brokers starting to set up agencies, even in New Zealand," he says. "Another dynamic is the non-traditional, peer­-to-peer insurers using mobile technology enter­ing the market. I would be surprised if Read more
Melbourne Cup merriment 1 November 2016 - Everyone came dressed to the nines for a day at the races. The dapper and the dazzling descended on our offices for a leisurely champagne breakfast first and then off to Ellerslie for some sunshine, bubbles and racing. Our prime location gave us pole position to witness the horses thundering around the track and a collective flutter on the last race brought a well-received payday to cap off a fantastic day had by all!
Moving on up in the world 28 October 2016 - We moved offices today...not out, but up! To be more specific, we moved five floors up from the 3rd floor to the 8th floor and now we have a room with a view, along with more space to spread out for our growing team... and a new coffee machine to greet us after the move! Thanks Lynne, for making this the most seamless office move any of us have had. Come and visit us in our new digs!
Innovation Finalist for Insurance Industry Awards   14 September 2016 - Our Environmental and Pollution Liability product has been named a finalist for Innovation of the Year at the 2016 New Zealand Insurance Industry Awards. Our specialist environmental insurance offers an all-encompassing ‘environmental shield’ covering all pollution events that may affect a business, regardless of nature or type of pollution. We developed this environmental liability cover knowing that there was no local environmental offering in the market and that environmental liability was only going to increase in significance within New Zealand. Pollution risks are many and varied and many of these exposures are not covered under Read more
Cyber Insurance: The industry carrying the heaviest load 26 August 2016 - Nathan Smith from the NBR talks to Ian Pollard about the impact of cyber on business and on the insurance companies covering cyber liability: Security folk talk about the cyber threat as not a matter of if a company is attacked, but when. Given this, com­panies will naturally want to purchase cyber insurance, and many insurers now offer the product. But if no company is safe, and it's only a matter of time before a breach occurs, what's going to happen if policy holders all start submitting claims at roughly the same time? This existential risk is Read more
Insurance career at Delta was written in the stars 24 August 2016 - James, our Environmental Liability & Commercial Business Development Manager, tells Maryvonne Gray from Insurance Business that timing was a crucial factor in his career switch to insurance. Why did you get into insurance? I was an environmental consultant for 8 years post university and the firm I was working for in London had a couple of employees move to AIG who at the time were recruiting into their environmental liability department.  I had planned on moving to Australia in 2004 and as luck would have it, AIG in Sydney were looking to recruit someone with Read more
Ian Pollard talks to Morning Report about the impact of cyber 15 August 2016 - Ian Pollard talks to Morning Report on Radio New Zealand about the impact of cyber liability on small business. Insurance companies are beginning to offer cyber cover as an increasing number of hackers target New Zealand’s small and medium size companies. Insurers are offering a range of support services to help companies recover from cyber attacks, with one software security company suggesting New Zealand suffers from the second highest number of ransomware attacks in the Southern Hemisphere, with more than 100 attacks a day. Managing Director of Delta Insurance, Ian Pollard, says insurance cover includes Read more
Is insurance sector ‘barking mad’ to insure cyber? 14 August 2016 - Having just heard self-professed Mr Cybersecurity Man, Andy Prow, CEO of RedShield Security, describe the perfect storm befalling the cyber security sector right now, it was no surprise that those in the insurance sector were left questioning the sanity of trying to offer cover. Prow, who used to run ethical hacking company Aura Group and now heads up RedShield which protects the New Zealand government, major banks and airlines, among others, painted a picture of an incessant and frantic bid to remain ahead of the hackers, with 28 days being the agreed lag time between Read more
Protecting against the full spectrum of Cyber Risk 11 August 2016 - Today, Delta Insurance announced it has built on the most comprehensive cyber security insurance product available in New Zealand, providing a complete solution for cyber risks across the full spectrum of risk - before, during and after any cyber incident - and supporting SMEs with free cyber security assessments. Currently there is a NZD$250-500 million cyber cost to NZ businesses per year. While the conversation around cyber security has moved on to the practical support and resources required to better protect businesses, the implementation of cyber security management plans is happening too slowly with the prevailing Read more
Data on cyber attacks needed to understand risks and drop premiums 5 May 2016 - Craig Kirk discusses the approach Delta Insurance takes when analysing insurance risk: “We look at a whole bunch of factors – how big the firm is, what industry they’re in, what level of risk management processes they have in place, whether they’re taking it seriously, how big their client base is, how much data they’re holding. It’s very much an art rather than a science at this point in time. Most of the cyber insurance policies Delta underwrites are capped at $1-2 million, but can reach $5 million.   Cyber insurers say more should be Read more
New partnership doubles capacity to $30m 2 May 2016 - We have become the first local New Zealand provider to offer $30 million limits for some of our specialist liability lines of business, which is great news for both brokers and insureds. We have effectively doubled our liability cover by partnering with independent managing agent at Lloyd’s, Antares, through its Syndicate 1274. The partnership means we will become the first local Kiwi provider to offer $30 million limits for some specialist lines of business it provides coverage for – Cyber Insurance, Technology Liability, and Environmental Insurance. The additional capacity will also be available for more mainstream liability Read more
Delta expands to the capital 25 April 2016 - We have launched our Wellington branch and it will be managed by James Halfacree, who will also be our new Environmental Product Head. James was previously with our capacity partner Allied World in Sydney, where he was Vice President General Casualty with a focus on environmental liability in their Sydney office. Originally from the UK, where he gained a BSc (Hons) in Applied Environmental Geology from the University of Portsmouth, Halfacree has previously held a number of positions at AIG Australia. Most recently he was regional vice president for Asia-Pacific, where he was responsible for product Read more
Kiwi firms underestimating cyber attacks 2 March 2016 - A leading commercial insurance expert states that despite the growing number of cyber incidents in New Zealand, businesses have still been slow to respond to the situation. With only an estimated 0.3% of New Zealand businesses having cyber liability insurance, it is important that New Zealand businesses seek to embrace change outlining their existing environment, and re-assess their attitudes towards cyber-security, including their response in the case of a cyber-incident. Underestimating cyber attacks
Cyber risk ‘neck and neck’ with earthquake risk for Auckland 5 December 2015 - General Manager Craig Kirk addressed the NZILA Conference on cyber risk and pointed out that Lloyd’s City Risk Index, which analyses the potential impact of various risks for 301 cities around the globe, had cyber risk “neck and neck” with earthquake risk for Auckland. “Most organisations would be insured for earthquake, but very few for cyber risks,” he said. Kirk said many overseas companies, particularly utilities with big potential business interruption costs, were buying large cyber risk programs.   Cyber insurers 'generous' in interpretations
Delta raises money for Cerebral Palsy 5 November 2015 - The team at Delta took part in Steptember, completing 10,000 steps per day for four weeks and helped to raise money for Cerebral Palsy. The total steps for the month being a massive 754,846. This month the team also took part in the Fidelity Life 5km Corporate Challenge run. It was a fun event thoroughly enjoyed by everyone – with an average running time of 29.28 seconds, the team put in a huge effort considering most were untrained. With Round the Bays in March now on our radar, we look forward to getting active again Read more
Environmental and Pollution Liability launch 5 October 2015 - In October, we launched a truly kiwi and dedicated Environmental and Pollution Policy in the New Zealand insurance market place. We held a number of events across the country, focusing on Christchurch, Wellington and Auckland – communicating with over 250 brokers.  We were honoured to have Michael Lindgreen from 4Sight Consulting and James Halfacree from Allied World join us as part of the nationwide launch roadshow. The policy provides a broad range of third party and first party coverage's with a big emphasis on providing access to experts who can deal with the crisis response Read more
Ashley Madison dubbed the cyber liability ‘poster child’ 5 September 2015 - The recent hacking of the Ashley Madison website has made the controversial affair-inciting website a ‘poster child’ for cyber liability, according to a NZ-based cyber risk expert. The company that owns Ashley Madison, Avid Life Media, faces ‘absolutely catastrophic’ consequences, according to Delta Insurance general manager Craig Kirk, who was speaking on the subject of cyber risks at the New Zealand Insurance Law Association (NZILA) conference this month.   Ashley Madison dubbed the cyber liability ‘poster child’