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Russell Hutchinson
Auckland
I'm the principal the Chatswood Consulting Limited, live and work in New Zealand.
Interests: Family, financial services management consulting, living a good life in New Zealand. I love to read, run, work out, and soon I may admit to gardening.
Recent Activity
According to this article from The Economist emerging evidence suggests that the consequences of mistreatment in childhood may persist down the generations, affecting a victim’s children or grand-children, even if they have experienced no abuse themselves. When underwriting changes away... Continue reading
Posted yesterday at moneyblog
Abby Hartley seriously ill in Bali after a number of medical events which are outlined in this article. The family have been hit with medical bills totaling $75,000 so far and there are likely to be more. Travel insurance have... Continue reading
Posted 2 days ago at moneyblog
According to this article from BBC a recent study suggests that vaping can damage vital immune system cells and may be more harmful than previously thought. Click here to read more. So perhaps insurers are right to be slow to... Continue reading
Posted 2 days ago at moneyblog
Partners Life is to fund paramedical visits (for underwriting purposes) for clients applying for policies with a premium of $1,800 or more. Details: Partners Life will now be making Medscreen Paramedical Services available for all clients for whom traveling to... Continue reading
Posted 3 days ago at moneyblog
The latest medical insurance premium comparison database is being distributed to Chatswood Consulting data subscribers right now. Recent changes include: The Accuro price changes from 1st August, Data points for all ages from 16 to 60, not just 5-yearly (use... Continue reading
Posted 3 days ago at moneyblog
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In this article, head of national accounts from iPipeline, Stephanie Hydon says 'Women are significantly behind men when it comes to financial resilience'. Although she believes there is a definite move in the right direction there is still plenty to... Continue reading
Posted 4 days ago at moneyblog
The FMA has a post on their site titled "Four things you have been asking..." which really should be subtitled "...and why we can't answer them yet, so please stop!" Link. Continue reading
Posted 4 days ago at moneyblog
David Chaplin and Investment News NZ has an article detailing the re-start to the process of considering options for assets AMP 'manages for value' - which includes the New Zealand financial services business. More details at this link. The article... Continue reading
Posted 5 days ago at moneyblog
My latest piece at goodreturns is on wearable tech and how it can help insurance. Link. Continue reading
Posted 5 days ago at moneyblog
Achieving a common, compliant, standard is a necessary pre-requisite to differentiation. Achieving standard and failing to move on could be a recipe for disaster - as merely doing what everyone else does is likely to likely to lead to diminishing... Continue reading
Posted 6 days ago at moneyblog
...and that is a good thing. Max Roser charts the disconnect between what is actually happening, and what people in countries like ours think is happening. Link. This time with a focus on infant mortality. Hans Rosling, in his book... Continue reading
Posted 6 days ago at moneyblog
The Harvard Business Review has an excellent article on networking. Hat tip to Linda Hendry for posting this on LinkedIn.It seems that casual interactions don't really do much to build meaningful connection - and besides, we aren't very good at... Continue reading
Posted 7 days ago at moneyblog
General background on Insurance Contract Law Review is below. More detailed comments and exploration of the issues is available to subscribers to Chatswood's Quarterly Life and Health report. The Insurance Contracts Law Review (ICLR) is an important process which has... Continue reading
Posted Aug 9, 2018 at moneyblog
Jenee Tibshraeny raises questions about Momentum Life in her recent column at interest.co.nz. Continue reading
Posted Aug 9, 2018 at moneyblog
[In the UK...] The number of deaths from sepsis have soared, rising by more than a third in two years. Nicki Plews, senior propositions manager at AIG Life says (quoted from cover magazine): "We need to talk about the prospect... Continue reading
Posted Aug 9, 2018 at moneyblog
Repost from Seth's Blog: The wrong bus Your first mistake was getting on the A53 bus, the one that goes crosstown instead of to where you're going. Mistakes like this happen all the time. The big mistake, though, the one... Continue reading
Posted Aug 8, 2018 at moneyblog
Susan Edmunds, writing at Stuff.co.nz reports that 'Kiwi Gen Hallot worked in Australia for a number of years but has since moved back to NZ. Leaving her superannuation account behind she decided to check on it a number of years... Continue reading
Posted Aug 8, 2018 at moneyblog
Here is an update to the insurance case featured on Fair Go a couple of months ago that was declined by Partners Life due to non-disclosure. It turns out that the man's medical records were, apparently, wrong. Will we have... Continue reading
Posted Aug 6, 2018 at moneyblog
Miriam Robyn at the Australian Financial Review thinks it is a bit rich for AMP's new Chairman, David Murray, to be handing out a lot of advice to others (Link) with this piece, tellingly titled: "AMP's "David Murray and his... Continue reading
Posted Aug 6, 2018 at moneyblog
What happens to your money when you die? A good basic round up of the main issues by Diana Clement, at this link. Continue reading
Posted Aug 5, 2018 at moneyblog
HFANZ have released the 2017/2018 annual review for health insurance in NZ. The report includes the following: health insurance now funding record levels of healthcare in NZ; strongest growth since 2001; growing interest from employers in providing health insurance for... Continue reading
Posted Aug 5, 2018 at moneyblog
How to win the best from the available talent pool. If you are hiring, more than dollars count. Here are my three favourites: Improve the image of insurance Insurance needs to work on its image. Insurance should always be seen... Continue reading
Posted Aug 4, 2018 at moneyblog
This article on Risk Info NZ has more details on the $22 million profit Partners Life made for the financial year ending 31 March 2018. From the press release: "Leading New Zealand insurer Partners Life reported a record underlying insurance... Continue reading
Posted Aug 2, 2018 at moneyblog
Hat tip to Tony Vidler. This knowledge seems to have been percolating to the top of sales thinking for about the last five years. Some versions I have seen tackle the question of trust through argument - like this link... Continue reading
Posted Aug 2, 2018 at moneyblog
The number of complaints, inquiries and disputes about NZ Banks that have faced the ombudsman has risen by 14 per cent in the last year ending 30 June. Click here to read more. I think that the banks should consider... Continue reading
Posted Aug 1, 2018 at moneyblog