Regulatory Alerts2022-05-17
Collection of New Zealand Insurer Data Consultation Report
The Reserve Bank of New Zealand is consulting on a proposed new data collection framework for all New Zealand licensed insurers. This initiative aims to enhance the monitoring and assessment of insurers' financial performance, position, and compliance, requiring regular submission of financial, exposure, and solvency data through quarterly, half-yearly, and annual returns. Larger insurers will also provide quarterly surveys, with a practice submission planned for late 2014 and regular collection commencing mid-2015, to improve data standardization and public reporting on the insurance sector.
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