RBNZ: Insurance Industry Update May 2017

Thursday 11 May 17 3:19pm
Reserve Bank of New Zealand: The purpose of the Insurance Industry Update is to keep licensed insurers informed of current initiatives and to provide clarification on licensing, supervision, compliance requirements and related matters. The update is prepared by the Reserve Bank’s Insurance Oversight Team. It is not policy or legal advice in itself and should not be interpreted in isolation.

General update It has been a few months since our last update and work has progressed on a number of key projects and initiatives around the business-as-usual supervisory framework. This update provides further detail on the following items:
• Review of the Insurance (Prudential Supervision) Act 2010
• Insurance Data Collections
• Insurer secure upload facility
• Thematic review-Disclosures
• Catastrophe risk survey 2016 


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The Financial Services Council (FSC) represents investment and life insurance companies in New Zealand.

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