Technology entrepreneur Michael Speight has said that rules need to be introduced to force motor and home insurers to disclose their premium rates, for improved transparency and promote competition.
Providers of motor and home insurance in New Zealand should be encouraged to offer greater transparency around prices , according to Michael Speight , co - founder of price comparison website Glimp.co.nz . Such a measure may make the New Zealand insurance market less concentrated , he argues . Two companies , Mitsubishi and Suncorp , account for three - quarters of the motor and home insurance market , according to Speight .