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Source: Reserve Bank of New Zealand 04 March 2021 – The Reserve Bank of New Zealand – Te Pūtea Matua has released its decisions in response to submissions received on the Insurance Solvency Standards Principles and Timeline consultation launched late last year. The Reserve Bank commenced the Insurance Solvency Standards review alongside the Review of the Insurance (Prudential Supervision) Act 2010 (IPSA) in October 2020. Insurer Solvency Standards govern the minimum amount of capital that insurers are required to hold. “We appreciate all the feedback received in response to the consultation. This has helped us to modify the Insurance Solvency Standards principles to make them more fit for purpose for both the industry, and the Reserve Bank as regulator,” Deputy Governor and General Manager of Financial Stability Geoff Bascand says.

New zealandGeoff bascandReserve bankInsurance solvency standards principlesInsurance solvency standardsPrudential supervisionSolvency standardsGeneral managerFinancial stability geoff bascandTimeline consultationபுதியது ஜீலாந்துஇருப்பு வங்கிவிவேகமான மேற்பார்வைஜநரல் மேலாளர்காலவரிசை ஆலோசனை