Not adding up - spotlighting add-on insurance in Aotearoa

2022-06-22

In this episode, we chat with financial mentor Andrew Mitchell and social policy analyst Ronji Tanielu talk about the add-on insurance industry and why The Salvation Army is concerned about the impact it is having on vulnerable Kiwis. The Salvation Army serves and supports over 140,000 people and whānau (families) per year, through our various churches and social support services. Many of these people are on benefits, lower incomes and face multiple complex social and financial issues. Additionally, m...

The Salvation Army serves and supports over 140,000 people and whānau (families) per year, through our various churches and social support services. Many of these people are on benefits, lower incomes and face multiple complex social and financial issues. Additionally, many who use our various services buy cars via finance. Therefore, we believe there are real risks that this add-on market is disproportionately affecting vulnerable consumers and those whānau facing precarious financial positions as they navigate buying cars on finance and trying to understand intricate insurance products and details.

You can read a full paper on add-on insurance here: https://www.salvationarmy.org.nz/article/not-adding-spotlighting-add-insurance-aotearoa

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