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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Insurers
Published:
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In this section
How we regulate insurers
Read about the legislation and regulations for the New Zealand insurance sector that we administer.
How we supervise insurers
An overview of how we supervise insurers to ensure a well-functioning insurance sector in New Zealand.
Review of Insurance (Prudential Supervision) Act 2010 (IPSA)
We are reviewing IPSA, the prudential legislation that governs the private insurance sector in New Zealand.
Review of insurance solvency standards
A review of the insurance solvency standards has been running since 2020 with an interim standard currently in place.
CBL Insurance Limited (in liquidation)
This page provides information on the liquidation of CBL Insurance Limited and our independent review of our supervision of the insurer.
Sale of AMP Life to Resolution Life
We approved the sale of AMP Life to Resolution Life in June 2020 in a revised arrangement subject to a number of conditions imposed to protect policyholders.