Regulatory Alerts2022-05-17
March 2015 Update on Insurer Return
The Reserve Bank of New Zealand has issued revised draft requirements for the Insurer Return, a mandatory data collection framework designed to standardize financial and exposure reporting across all licensed NZ insurers. Key modifications include reducing the reporting frequency to annual for lower-risk entities, introducing a specialized form for Lloyd’s of London, and adjusting foreign business and investment data collection to align with accounting practices and reduce compliance burdens. Insurers must submit feedback and complete a trial return by June 5, 2015, ahead of a planned September 2015 implementation and subsequent regular data publication in early 2017.
Share