Regulatory Alerts2022-05-17
Reserve Bank of New Zealand Guidelines on Actuarial Review of Financial Statements
The Reserve Bank of New Zealand issues guidelines to assist licensed insurers and appointed actuaries in complying with sections 77-79 of the Insurance (Prudential Supervision) Act 2010. These guidelines mandate that actuarial information contained in or used to prepare annual financial statements be reviewed, with the resulting report accompanying the auditor's report upon lodgement. The document defines the scope of actuarial information, outlines the specific opinions required from the appointed actuary, and clarifies the distinction between this statutory review report and the separate Financial Condition Report.
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