Regulatory Alerts2022-05-17
Reserve Bank of New Zealand Insurer Return V1 Draft
The Reserve Bank of New Zealand issued this draft document to establish the Insurer Return (IR V1) framework for the prudential supervision of licensed insurers. It mandates that insurers submit detailed financial and exposure data regarding life, general, and health insurance activities in accordance with the Insurance (Prudential Supervision) Act 2010. The return specifies reporting requirements for revenue, expenses, assets, and liabilities, while outlining submission procedures via a secure upload facility and defining materiality thresholds for data accuracy.
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