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 . 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. 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 .
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 .