Regulatory Alerts2022-02-27
How we regulate and supervise insurers
The New Zealand Prudential Regulation Authority outlines its regulatory framework and supervisory approach for the domestic insurance sector. The authority is currently reviewing the Insurance (Prudential Supervision) Act 2010 and ongoing insurance solvency standards to ensure sector stability. Recent actions include the liquidation of CBL Insurance Limited and the approved sale of AMP Life to Resolution Life under strict policyholder protection conditions.
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