The Earthquake Commission (EQC) became the The Natural Hazards Commission (NHC) on 1 July 2024.

The Natural Hazards Commission Toka Tū Ake aims to reduce the impact on people and property when natural disasters occur, by protecting homeowners and helping them recover from natural hazard events.

Their core functions are to:

• facilitate research and education, and contribute to the sharing of information, knowledge and expertise on natural hazard risks, impacts and resilience
• collect the levy for the insurance provided under the NHI Act, and manage the Natural Hazard Fund, including by investing in the Fund in accordance with the NHI Act
• arrange reinsurance or other risk transfer products in respect of all or part of NHCover
• administer NHCover when claims arise.