Regulatory Alerts2022-05-17
Reserve Bank of New Zealand Risk Management Guidelines for Licensed Insurers
The Reserve Bank of New Zealand issues these guidelines to clarify risk management programme requirements for licensed insurers under the Insurance (Prudential Supervision) Act 2010. The document mandates comprehensive programmes covering insurance, credit, liquidity, market, and operational risks, while outlining specific responsibilities for governing bodies and senior management. It further details requirements for contingency planning, regular programme reviews, and the use of group-level risk frameworks where applicable.
Share