Published: Wed 19 Jul 2023

NZ’s Tower slashes FY guidance on “challenging” claims environment

New Zealand insurer Tower Limited has slashed its full-year profit guidance as a result of the challenging claims environment in the country, as the ASX-listed insurer issued a stark warning on the negative impact of claims inflation.

Insurance

Results

Losses

Asia Pacific

Published: Wed 19 Jul 2023

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NZ’s Tower slashes FY guidance on “challenging” claims environment

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