New Zealand
New Zealand Title
Earthquake Commission (EQC)
New Zealand Description
The Earthquake Commission (EQC) is New Zealand's primary provider of natural disaster insurance to residential property owners.
The Commission is a Crown Entity, wholly owned by the Government of New Zealand and controlled by a Board of Commissioners. Crown Entities are not Government departments or state-owned enterprises but nevertheless belong to the Government and are subject to public sector finance and reporting rules.
EQC administers the Natural Disaster Fund, comprising capital and reserves. The Government guarantees that this fund will meet all its obligations.
New Zealand News and Events
News and Events
3 Apr 2024
New research has revealed New Zealanders have higher expectations of their buildings in earthquake events than providing life safety alone.
“New Zealanders don’t just want to escape a major earthquake with their lives, but they want to be back living and working in those buildings soon after an earthquake,” explains Helen Ferner from the New Zealand Society for Earthquake Engineers (NZSEE).
26 Mar 2024
It’s peak home buying time in New Zealand and a new report indicates 9 in 10 homebuyers are now considering natural hazard risk when deciding on a property.
According to a new EQC Toka Tū Ake NeilsenIQ report, 89% of people who have recently bought or are considering buying a property have natural hazard risks on their minds.
25 Mar 2024
EQC Toka Tū Ake has released its 2023 Resilience and Research Highlights report, a snapshot of its $14 million investment into building Aotearoa New Zealand’s resilience to future natural hazards events.