This Non Disclosure Agreement (Insurance) is designed for use in New Zealand's insurance sector where parties need to exchange sensitive business, customer, or operational information. The document is particularly relevant when insurance companies, brokers, or service providers need to share confidential information such as underwriting data, claims histories, pricing models, or customer databases. It ensures compliance with New Zealand's Privacy Act 2020, Insurance (Prudential Supervision) Act 2010, and other relevant legislation while providing robust protection for proprietary information. The agreement is suitable for both domestic New Zealand insurance operations and international insurance relationships with New Zealand entities, incorporating necessary cross-border data transfer provisions where required.

1. Parties: Identifies and defines the parties to the agreement, including the Disclosing Party and Receiving Party

2. Background: Sets out the context of the agreement, including the nature of the insurance business relationship and purpose of sharing confidential information

3. Definitions: Defines key terms including 'Confidential Information', 'Insurance Business', 'Permitted Purpose', and other relevant terms

4. Scope of Confidential Information: Clearly defines what constitutes confidential information in the insurance context, including customer data, pricing models, and proprietary information

5. Obligations of Confidentiality: Details the core confidentiality obligations, including handling, storage, and protection of confidential information

6. Permitted Disclosures: Specifies circumstances under which confidential information may be disclosed, including to regulators and professional advisors

7. Data Protection and Security: Outlines specific measures required to protect confidential information, especially digital data

8. Term and Survival: Specifies the duration of the agreement and which obligations survive termination

9. Return or Destruction of Confidential Information: Procedures for handling confidential information upon termination or request

10. Breach and Remedies: Outlines consequences of breach and available remedies

11. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, and entire agreement