Regulatory Alerts2022-05-17
Summary of submissions on Collection of NZ insurer data
The Reserve Bank of New Zealand has finalized decisions on a regular data collection regime for licensed insurers following a consultation on establishing prudential reporting standards. The Bank requires all NZ licensed insurers to report financial, exposure, and solvency data, with quarterly submissions mandated for entities exceeding specific premium or asset thresholds. Implementation timelines have been extended to ease industry burden, with practice submissions commencing in early 2015 and final templates to be released in February 2015.
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