Regulatory Alerts2022-02-27
How we regulate insurers
The Reserve Bank of New Zealand administers the Insurance (Prudential Supervision) Act 2010 to maintain a sound insurance sector and public confidence. This framework applies to all insurers in New Zealand through a licensing system, ongoing supervision, and enforcement powers for non-compliance or financial distress. Regulated entities must also adhere to specific prudential regulations and approved financial strength-rating agency standards.
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