August 15, 2025
Joshua Rhind
The Premium Yarn
All Blogs

Insurance, AI & a Bit of Banter: Your Caveo Update

The Premium Yarn - The One Insurance Blog that won't put you to sleep.

Welcome to this month's edition of the Premium Yarn!

Insurance, AI & a Bit of Banter: Your Caveo Update

Feels like it’s been a while since I wrote one of these—back in the driver’s seat, so let’s see if I remember how to write a fun but informative insurance blog, shall we? I want to talk a bit about AI and Cyber risk, but first let’s start with the comings and goings of the Caveo crew.

Team updates

Alice, our star broker and resident morale booster, has just bought her first home—huge milestone for her, Alex, and Ruby. I’m sure you’ll join me in congratulating her (and yes, the bathroom is as ugly as she says). Alice’s also diving deeper into the commercial space, which is super exciting.

Taz continues to embody all things “Taz”—you’ll start hearing more from her in the commercial claims space as she builds confidence there. It’s awesome to see how quickly she’s growing in the industry.

As for me, I’ve been galivanting across the globe. I recently had the chance to attend the Tysers Summer Academy in London, where I got a hands-on look at how the global insurance market operates, how pricing is set for NZ, and what products might be coming our way. It was an incredible experience that I won’t soon forget.

Last week, the team also attended the Insurance Advisernet annual conference in Christchurch. It was a great chance to catch up with colleagues, chat about the market, and share some of those London learnings.

Cyber Risk & AI: What You Should Know

One recurring theme from both events? AI and Cyber Risk—two hot topics in our market right now.

Cyber insurance is becoming increasingly important. Whether you’re a big tech firm or a small tradie, if you’re sending emails or using any kind of tech, you’re exposed. The scary part? Most successful cyber breaches have one thing in common: human error. That could be anything from skipping software updates to using weak passwords or falling for phishing emails.

While your adviser (hi 👋) and your IT team can help, keeping your business safe online is a team effort. If you’re keen to have your current setup reviewed or want to be introduced to some of our talented industry friends who specialise in cyber security assessments, just let me know—I’d be happy to make the connection.

Market Update: Softer Conditions Ahead?

We’re currently in a softer market (that’s insurance speak for premiums easing up), which means insurers have more capacity and are open to underwriting new types of risk. We’re working hard to make sure your current cover is still fit for purpose and checking the market where needed to take advantage of these shifts. While this is more relevant in the commercial space, domestic clients should see less aggressive premium increases too.

Let's Get Social

Finally, our social media has had a fresh spruce-up! We’ll be sharing updates and exciting content there, so do check it out. If you could give us a like, follow, and share, we’d really appreciate it — every bit of love helps our Kiwi business grow.

LinkedIn

Instagram

Facebook

Say Hi

If there’s anything you want to chat about—whether it’s cyber cover, market changes, or just a general insurance check-in—get in touch. We’re always happy to help, and we love hearing from you.

And give your dog a pat from us 🐾

Joshua Rhind | General Manager

Caveo - powered by Velocity Financial

38 Vivian Street, Te Aro, Wellington

M: 027 384 6444

E: joshua@caveo.co.nz

W: www.caveo.co.nz

Read Caveo's disclosure here.

Always get professional advice

The information shared in this post is meant to be general guide to support you on your journey. When making important decisions about your finances, we encourage you to seek independent financial advice first, tailored to your unique situation.  As well as talking with a financial adviser, make sure you talk to your lawyer and accountant too – together they'll help you find the best solution for your specific situation. Our knowledgeable financial advisers are here to help. Check out our website for the details about our financial advisory services in our disclosures  https://www.velocityfinancial.co.nz/disclosure-statement. 

Continue Reading

Get the latest insights and tips from the Velocity Financial team.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.