Regulatory Alerts2022-02-27
Reserve Bank of New Zealand Guidelines on Approval of Rating Agencies for Insurers
The Reserve Bank of New Zealand issued these guidelines to establish the criteria for approving rating agencies under the Insurance (Prudential Supervision) Act 2010. The document mandates that agencies demonstrate independence, adequate resources, methodological objectivity, consistent comparability, and comprehensive disclosure practices. These requirements ensure that financial strength ratings are credible, transparent, and aligned with international standards for prudential supervision.
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