Insurer Foreign Business Return (IFBR) V1 Draft

Insurer Foreign Business Return (IFBR) Insurer name Address Select the type of return:
Report period in months: 12.0
Purpose of Collection
Collection Authority
Confidentiality
Reserve Bank Contacts
For help and information please contact one of the people listed below:
)
:
Definitions and guide notes
IFBR V1 (02 July 2015 DRAFT)
Guidance to aid completing the return is also published at the above webpage. None of the instructions for this return over-ride the requirements under legislation, regulation, license conditions or notices issued to insurers. Short description (optional) This return collects financial and exposure data from licensed New Zealand insurers. The objective is to provide data that supports the prudential supervision of licensed New Zealand insurers. Insurers are required to complete this return in accordance with the notice issued to under section 121 of the Insurance (Prudential Supervision) Act 2010. The confidentiality provisions in section 135 of the Insurance (Prudential Supervision) Act 2010 applies to information collected in this return. Name:
Report Date:
(end of period)
Please submit the completed return no later than the Due Date stated in the section 121 notice. Annual End date of the previous financial year:
(ended before Report Date) http://www.rbnz.govt.nz/regulation_and_supervision/insurers/regulation/ Instructions include the definitions set out in Insurer Return Definitions, which is published at the following webpage Phone:
Email:
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1 How to fill in this questionnaire            This return must be submitted using the Reserve Bank 'Secure Upload Facility' specified below.  for Subject select "Insurer Reporting & Returns"       Please make any comments that would help us interpret the data in the comments boxes provided. Timeliness The completed return is due no later than the Due Date stated in the section 121 notice. If for any reason you cannot submit the return by the Due Date, please contact us to discuss. If you identify an error in the data supplied in this return, please contact the RBNZ contact (see cover page) as soon as practical. Where exact figures are either unavailable or difficult to obtain approximations may be justified. Any approximation must not cause the information supplied to be misleading. In general a variation of a figure of less than 5% can be considered immaterial. However, judgement of the specific information and circumstances is required to assess its materiality. Accuracy and materiality We will compare the current return with the previous return as part of our consistency checks. Please save previous returns, including any changes that have been made as a result of discussions with Reserve Bank staff. Saving and printing the form To save this form when completed, or when partially completed so you can return to it later, save the files as you would save any ordinary spreadsheet. You may want to print a copy for your records or to help prepare the form. It can be printed worksheet by worksheet or as a whole. To print the entire form, ensure that the entire workbook option is selected in the print window. Submitting the form The 'Secure Upload Facility' can be accessed here: https://sup.rbnz.govt.nz/send/ Alt + Enter New paragraph within text block Time taken Please keep a record of the time it takes you to read the instructions, collect the information and answer the questions. You will be asked to record this at the end of the questionnaire, in the Sign-off tab. Do not include the time taken to calculate and prepare any accounts, solvency calculations or financial statements. Ctrl + PageDown Next worksheet or use Excel sheet tabs Ctrl + PageUp Previous worksheet or use Excel sheet tabs Shift + F5 Find word in a particular worksheet or part Place your mouse over these cells to view hidden comments. To navigate around the form you can use normal window controls - mouse, cursor keys, etc. Specific keys can be used:
Tab Next answer box
If an error occurs with a calculation in this questionnaire, a green triangle will appear in the upper left corner of the cell, for example: #REF! Click on the button for more information on the error. Some cells have hidden comments. These cells have a red triangle in the upper right corner, for example: See note 1.1 Using an Excel form The questionnaire has been set up so that only cells that require an answer can be edited. These cells are coloured white, for example:
Coloured cells are calculated fields and do not need to be answered. These cells are protected and cannot be edited, for example: 0 General instructions All figures should be reported:

• from relevant financial statements or Alternative Financial Information
• in thousands (e.g. NZ$ 1,234,567 = 1235)
• in New Zealand dollars
  For negative numbers use "-" in front of the figure. Do not use brackets. Archived

About this return
Version of this return: IFBR V1 (02 July 2015 DRAFT) This version applies to any Report Date (end of period) that is on or after:
Please check the Reserve Bank website (at the webpage below) for a later version (if any) of this return. Report Dates The section 121 notice issued to each insurer specifies the Report Dates for which this return is required. The following table is given as a guide for insurers to inform the Reserve Bank of a relevant change in circumstances. Annual only: Insurers with foreign business that is significant portion of total insurance for the NZ Entity. Excludes Lloyd's and overseas insurers. Significant foreign business means 10.0% or more of total insurance. The Report Dates are based on financial year of the insurer. This return collects financial and exposure information for licensed New Zealand insurers. Reporting of information in this return is generally limited to the NZ Entity (i.e. the licensed insurer for NZ incorporated or mutuals, the NZ business of Lloyd's, or the NZ branch for overseas insurers), unless otherwise specified. Information is to be reported without any consolidation of subsidiary or associated companies, unless otherwise specified. to be determined http://www.rbnz.govt.nz/regulation_and_supervision/insurers/regulation/ Archived

Contents
1 Part 1 - Insurer
1.0 Materiality and resubmissions
1.1 Insurance types and accounting standards
1.2 Revenue - financial year to Report Date
1.3 Liabilities - as at Report Date
1.4 Commentary
2 Part 2 - Life
2.1 Life Insurance classes and methods
2.2 Life Insurance Revenue - financial year to Report Date
2.3 Life Insurance Liabilities - as at Report Date
2.4 Commentary
3 Part 3 - General
3.1 General Insurance classes and methods
3.2 General Insurance Revenue - financial year to Report Date
3.3 General Insurance Liabilities - as at Report Date
3.4 Commentary
4 Part 4 - Health
4.1 Health Insurance classes and methods
4.2 Health Insurance Revenue - financial year to Report Date
4.3 Health Insurance Liabilities - as at Report Date
4.4 Commentary
Sign-off
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A B C D E F G H I J K
Part 1 - Insurer
1.0 Materiality and resubmissions:
Financial information NZ$ 000 calculated materiality for this return 0 10.0% of max { annualised gross policy & premium revenue, absolute value of total insurance liabilities }, capped at NZ$ 1 million. If an insurer identifies an error or subsequent change in relevant data for previously submitted returns, and this exceeds the materiality thresholds above, resubmission is likely to be required. Please contact the Reserve Bank to discuss.
1.1 Insurance types and accounting standards: NZ Entity
total
Non-insurance Insurance total Life Insurance General Insurance Health Insurance For Insurer Use Any business for each column? Yes No Accounting standards NZ IFRS Please explain accounting standards used if they are not NZ IFRS or NZ GAAP.
1.2 Revenue
financial year to Report Date:
NZ Entity total
Non-insurance Insurance total Life Insurance General Insurance Health Insurance For Insurer Use NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 Gross policy & premium revenue 0 NZ Entity total Non-insurance Insurance total Life Insurance General Insurance Health Insurance
1.3 Liabilities
as at Report Date:
NZ Entity total
Non-insurance Insurance total Life Insurance General Insurance Health Insurance For Insurer Use NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 Gross policy liabilities + policyholder unvested benefit liability + gross outstanding claims liability + gross unearned premium liability + unexpired risk liability Total of specific insurance liabilities (see above) 0 NZ Entity total Non-insurance Insurance total Life Insurance General Insurance Health Insurance 1.4
1.4.1 Please provide any other relevant comments you may have about the information provided in this return.
IFBR V1 (02 July 2015 DRAFT)
For negative numbers use "-" in front of the figure. Do not use brackets. Commentary:
All insurers that provide an insurer foreign business return are required to complete Part 1. All figures should be reported:

• from relevant financial statements or Alternative Financial Information, or calculated in accordance with NZ GAAP accounting standards
• in thousands (e.g. NZ$ 1,234,567 = 1235)
• in New Zealand dollars
• for the NZ Entity
• without consolidation of subsidiary and associated companies
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A B C D E F G H I J K L M N O P Q R S T U
Part 2 - Life Insurance
2.1 Life Insurance classes and methods:
Participating
Traditional
Participating
Investment
Investment￾Linked
Investment
Account
Lump Sum
Individual
Lump Sum
Group
Disability Inc.
Individual
Disability Inc.
Group
Annuity Credit
Life Ins.
Other Life
Insurance
Unallocated
Life
NZ Primary
Life
NZ Inwards
Reinsurance
Life
Foreign
Business
Life
Any business for each column? No
Insurance methods N/A
2.2 Life Insurance Revenue
financial year to Report Date:
Participating
Traditional
Participating
Investment
Investment￾Linked
Investment
Account
Lump Sum
Individual
Lump Sum
Group
Disability Inc.
Individual
Disability Inc.
Group
Annuity Credit
Life Ins.
Other Life
Insurance
Unallocated
Life
NZ Primary
Life
NZ Inwards
Reinsurance
Life
Foreign
Business
Life
NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 Gross policy & premium revenue Total of NZ & foreign business 0 0 NZ 0 0 Australia 0 South Pacific excl. NZ & Australia 0 USA 0 Americas excl. USA 0 UK 0 Europe excl. UK 0 Japan 0 China 0 Asia excl. Japan & China 0 Africa 0 Other foreign business 0 Participating Traditional Participating Investment Investment￾Linked Investment Account Lump Sum Individual Lump Sum Group Disability Inc. Individual Disability Inc. Group Annuity Credit Life Ins. Other Life Insurance Unallocated Life NZ Primary Life NZ Inwards Reinsurance Life Foreign Business Life
2.3 Life Insurance Liabilities
as at Report Date:
Participating
Traditional
Participating
Investment
Investment￾Linked
Investment
Account
Lump Sum
Individual
Lump Sum
Group
Disability Inc.
Individual
Disability Inc.
Group
Annuity Credit
Life Ins.
Other Life
Insurance
Unallocated
Life
NZ Primary
Life
NZ Inwards
Reinsurance
Life
Foreign
Business
Life
NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 Gross policy liabilities + policyholder unvested benefit liability + gross outstanding claims liability + gross unearned premium liability + unexpired risk liability Total of specific insurance liabilities (see above) Total of NZ & foreign business 0 0 NZ 0 0 Australia 0 South Pacific excl. NZ & Australia 0 USA 0 Americas excl. USA 0 UK 0 Europe excl. UK 0 Japan 0 China 0 Asia excl. Japan & China 0 Africa 0 Other foreign business 0 Participating Traditional Participating Investment Investment￾Linked Investment Account Lump Sum Individual Lump Sum Group Disability Inc. Individual Disability Inc. Group Annuity Credit Life Ins. Other Life Insurance Unallocated Life NZ Primary Life NZ Inwards Reinsurance Life Foreign Business Life Life For Insurer Use Insurance total Life Primary Insurance and Inwards Reinsurance Of which Life Primary Insurance and Inwards Reinsurance Of which All insurers with life insurance are required to complete Part 2. All figures should be reported:

• from relevant financial statements or Alternative Financial Information, or calculated in accordance with NZ GAAP accounting standards
• in thousands (e.g. NZ$ 1,234,567 = 1235)
• in New Zealand dollars
• for the NZ Entity
• without consolidation of subsidiary and associated companies
  For negative numbers use "-" in front of the figure. Do not use brackets. Life Insurance total Life Primary Insurance and Inwards Reinsurance Life Primary Insurance and Inwards Reinsurance Life Insurance total Of which Life Primary Insurance and Inwards Reinsurance Of which For Insurer Use Life Insurance total Of which For Insurer Use Life Insurance total Archived

A B C D E F G H I J K L M N O P Q R S T U
Part 2 - Life Insurance
2.4
2.4.1 Please describe and explain any business included in the class Other Life Insurance
2.4.2 Please describe and explain any Unallocated figures.
2.4.3 Please provide any other relevant comments you may have about the information provided in Part 2 of this return.
IFBR V1 (02 July 2015 DRAFT)
Commentary:
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A B C D E F G H I J K L M N O P Q R S T U
Part 3 - General Insurance
3.1 General Insurance classes and methods:
Commercial
Property
Commercial
Motor
Marine &
Aviation
Liability Other
Commercial
Domestic
Property
Domestic
Motor
Personal
Accident
Travel Credit
General Ins.
Oth. Personal
Lines
Unallocated
General
NZ Primary
General
NZ Inwards
Reinsurance
General
Foreign
Business
General
Any business for each column? No
Insurance methods N/A
3.2 General Insurance Revenue
financial year to Report Date:
Commercial
Property
Commercial
Motor
Marine &
Aviation
Liability Other
Commercial
Domestic
Property
Domestic
Motor
Personal
Accident
Travel Credit
General Ins.
Oth. Personal
Lines
Unallocated
General
NZ Primary
General
NZ Inwards
Reinsurance
General
Foreign
Business
General
NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 Gross policy & premium revenue Total of NZ & foreign business 0 0 NZ 0 0 Australia 0 South Pacific excl. NZ & Australia 0 USA 0 Americas excl. USA 0 UK 0 Europe excl. UK 0 Japan 0 China 0 Asia excl. Japan & China 0 Africa 0 Other foreign business 0 Commercial Property Commercial Motor Marine & Aviation Liability Other Commercial Domestic Property Domestic Motor Personal Accident Travel Credit General Ins. Oth. Personal Lines Unallocated General NZ Primary General NZ Inwards Reinsurance General Foreign Business General
3.3 General Insurance Liabilities
as at Report Date:
Commercial
Property
Commercial
Motor
Marine &
Aviation
Liability Other
Commercial
Domestic
Property
Domestic
Motor
Personal
Accident
Travel Credit
General Ins.
Oth. Personal
Lines
Unallocated
General
NZ Primary
General
NZ Inwards
Reinsurance
General
Foreign
Business
General
NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 Gross policy liabilities + policyholder unvested benefit liability + gross outstanding claims liability + gross unearned premium liability + unexpired risk liability Total of specific insurance liabilities (see above) Total of NZ & foreign business 0 0 NZ 0 0 Australia 0 South Pacific excl. NZ & Australia 0 USA 0 Americas excl. USA 0 UK 0 Europe excl. UK 0 Japan 0 China 0 Asia excl. Japan & China 0 Africa 0 Other foreign business 0 Commercial Property Commercial Motor Marine & Aviation Liability Other Commercial Domestic Property Domestic Motor Personal Accident Travel Credit General Ins. Oth. Personal Lines Unallocated General NZ Primary General NZ Inwards Reinsurance General Foreign Business General

• for the NZ Entity
• without consolidation of subsidiary and associated companies
  For negative numbers use "-" in front of the figure. Do not use brackets. All insurers with general insurance are required to complete Part 3. All figures should be reported:
• from relevant financial statements or Alternative Financial Information, or calculated in accordance with NZ GAAP accounting standards
• in thousands (e.g. NZ$ 1,234,567 = 1235)
• in New Zealand dollars
  General
  Insurance total
  General Primary Insurance and Inwards Reinsurance Of which For Insurer Use General Insurance total General Primary Insurance and Inwards Reinsurance Of which For Insurer Use General Insurance total General Primary Insurance and Inwards Reinsurance Of which General Insurance total General Primary Insurance and Inwards Reinsurance Of which Of which For Insurer Use General Insurance total General Primary Insurance and Inwards Reinsurance Archived

A B C D E F G H I J K L M N O P Q R S T U
Part 3 - General Insurance
3.4
3.4.1 Please describe and explain any business included in Other Commercial and Other Personal Lines.
3.4.2 Please describe and explain any Unallocated figures.
3.4.3 Please provide any other relevant comments you may have about the information provided in Part 3 of this return.
IFBR V1 (02 July 2015 DRAFT)
Commentary:
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Part 4 - Health Insurance
4.1 Health Insurance classes and methods:
Health
Individual
Health
Group
Unallocated
Health
NZ Primary
Health
NZ Inwards
Reinsurance
Health
Foreign
Business
Health
Any business for each column? No
Insurance methods N/A
4.2 Health Insurance Revenue
financial year to Report Date:
Health
Individual
Health
Group
Unallocated
Health
NZ Primary
Health
NZ Inwards
Reinsurance
Health
Foreign
Business
Health
NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 Gross policy & premium revenue Total of NZ & foreign business NZ Australia South Pacific excl. NZ & Australia USA Americas excl. USA UK Europe excl. UK Japan China Asia excl. Japan & China Africa Other foreign business Health Individual Health Group Unallocated Health NZ Primary Health NZ Inwards Reinsurance Health Foreign Business Health
4.3 Health Insurance Liabilities
as at Report Date:
Health
Individual
Health
Group
Unallocated
Health
NZ Primary
Health
NZ Inwards
Reinsurance
Health
Foreign
Business
Health
NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 NZ$ 000 Gross policy liabilities + policyholder unvested benefit liability + gross outstanding claims liability + gross unearned premium liability + unexpired risk liability Total of specific insurance liabilities (see above) Total of NZ & foreign business NZ Australia South Pacific excl. NZ & Australia USA Americas excl. USA UK Europe excl. UK Japan China Asia excl. Japan & China Africa Other foreign business Health Individual Health Group Unallocated Health NZ Primary Health NZ Inwards Reinsurance Health Foreign Business Health Health Primary Insurance and Inwards Reinsurance Of which

• for the NZ Entity
• without consolidation of subsidiary and associated companies
  For negative numbers use "-" in front of the figure. Do not use brackets. Health Insurance total All insurers with health insurance are required to complete Part 4. All figures should be reported:
• from relevant financial statements or Alternative Financial Information, or calculated in accordance with NZ GAAP accounting standards
• in thousands (e.g. NZ$ 1,234,567 = 1235)
• in New Zealand dollars
  Of which For Insurer Use
  For Insurer Use
  Health
  Insurance total
  Health
  Insurance total
  Health
  Insurance total
  Health Primary Insurance and Inwards Reinsurance Of which For Insurer Use Health Primary Insurance and Inwards Reinsurance Health Primary Insurance and Inwards Reinsurance Of which Health Insurance total Health Primary Insurance and Inwards Reinsurance Of which Archived

A B C D E F G H I J K L M N O P Q R S T U
Part 4 - Health Insurance
4.4
4.4.1 Please describe and explain any Unallocated figures.
4.4.2 Please provide any other relevant comments you may have about the information provided in Part 4 of this return.
IFBR V1 (02 July 2015 DRAFT)
Commentary:
Archived

Notes and Workings
This sheet is unlocked for insurer use to provide additional notes or workings. Archived

All insurers that provide an insurer return are required to complete this page. Insurer name - 

Name:

 hours minutes
3 CEO Sign-off

Name:

The sign-off of this return may alternatively be made by a person authorised by the CEO. For an overseas insurer the sign-off is by the NZ CEO, or may be delegated by the NZ CEO.  This return must be submitted using the Reserve Bank 'Secure Upload Facility' specified below.  for Subject select "Insurer Reporting & Returns"  IFBR V1 (02 July 2015 DRAFT) Supporting working files or other materials can also be submitted using the secure upload facility. Submitting the form The 'Secure Upload Facility' can be accessed here: https://sup.rbnz.govt.nz/send/ Please record how long it took you (and any other employees) to read the instructions, collect the information and answer this questionnaire. I confirm that, to the best of my knowledge and having made appropriate enquiries, the information in this insurer return complies with all instructions of the Reserve Bank, is complete and consistent with the records of the insurer. Date:
: Email:
Time taken
) Phone:
Sign-off
Contacts
Please provide the names and details of contacts as specified below:
Primary contact for Reserve Bank Secondary contact Archived