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KPMG L.L.P. has said that a period of innovation and disruption in New Zealand following the Canterbury earthquakes and a regulatory overhaul of the insurance industry has introduced new levels of competition in the nation's insurance market, reported Voxy.co.nz.
Nearly half of the respondents in a KPMG survey conducted in early 2015 said that their own business models were already being disrupted by more nimble competitors.