Regulatory Alerts2022-05-17
Consultation Paper on Insurance Solvency Standards Reissue 2014
The Reserve Bank of New Zealand proposes amendments to the Insurance Solvency Standards to enhance capital quality, clarify asset risk charges, and tighten reinsurance requirements. Key changes include a revised definition of capital, new rules for guarantees and off-balance sheet exposures, and stricter conditions for recognizing reinsurance benefits to protect policyholders. The Reserve Bank invites public submissions on these technical proposals by 3 November 2014, with the intention that the new standards commence in January 2015.
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