Regulatory Alerts2022-11-22
Definitions for Annual and Quarterly Insurer Reports
The Reserve Bank of New Zealand issued this draft document to define the standardized financial, solvency, and statistical data that licensed insurers must submit in their Annual and Quarterly Insurer Reports. It establishes terminology, materiality thresholds, and specific reporting requirements aligned with NZ IFRS 17 and the Insurance (Prudential Supervision) Act 2010. The definitions cover detailed metrics for insurance revenue, service expenses, balance sheet items, and reinsurance recoveries to ensure consistent regulatory oversight.
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