Regulatory Alerts2024-06-12
Definitions for Annual and Quarterly Insurer Reports v1.5
The Reserve Bank of New Zealand issued this document to define the standardized financial, solvency, and statistical information that licensed insurers must provide in their Annual and Quarterly Insurer Reports. It establishes terminology, materiality thresholds, and reporting priorities aligned with the Insurance (Prudential Supervision) Act 2010 and NZ IFRS 17. The guidelines specify detailed definitions for insurance revenue, service expenses, balance sheet items, and reinsurance recoveries to ensure consistent regulatory data submission.
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