Regulatory Alerts2022-02-27
Review of insurance solvency standards
The Reserve Bank of New Zealand has paused the development of a permanent solvency standard while continuing to amend the Interim Solvency Standard 2023 to restore original policy intent. The second amendment, effective March 2025, rebases underwriting risk capital charges and reinstates credit risk charges on interest-sensitive assets without increasing overall capital requirements. Insurers are permitted to disclose supplementary solvency figures reflecting these changes to clarify their future regulatory position alongside mandatory disclosures.
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