Regulatory Alerts2022-07-18
Reserve Bank of New Zealand Insurance Industry Update July 2022
The Reserve Bank of New Zealand issued its July 2022 Insurance Industry Update to outline key regulatory milestones, including the implementation of the RBNZ Act 2021 and the establishment of a new Governance Board. The document details significant policy developments regarding the Insurance Prudential Supervision Act review and the upcoming enforcement of the Interim Solvency Standard on January 1, 2023. Additionally, the update highlights new leadership appointments within the Financial Stability Group, the launch of a modernized website, and outcomes from recent stakeholder engagement workshops and surveys.
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