Sign Up
Login

RBNZ updates insurers’ solvency return requirements

Written by Adam Cadle
10/08/2020

The Reserve Bank of New Zealand (RBNZ) is publishing an amended Insurer Solvency Return and Guidance Note (v5.3) in force from 1 September 2020 to improve the information provided through projections of solvency.

The Insurer Solvency Return now requires non-exempt insurers to provide projections on two bases – with and without capital movements (such as dividends and capital injections).

At this time the impact of IFRS17 on solvency calculations is not known with a high degree of certainty, and the Reserve Bank will issue a further communication when this view changes.

The Reserve Bank anticipates that the next set of substantive changes to the Insurer Solvency Return and Guide will be released in early 2022, in conjunction with expected updates of solvency standards.

Related Articles

  There are no related documents to show at this time.

Pictet-roundtable

DIVERSIFIED PRIVATE CREDIT
Editor Adam Cadle talks to BNP Paribas Asset Management head of pension solutions Julien Halfon about investing in diversified private credit

IAM Awards 2019 Winners

European Loans roundtable

Emerging Market Debt
Editor Adam Cadle talks to BNP Paribas Asset Management head of emerging markets debt Bryan Carter about the asset class and the opportunities in this space
Most read stories...
HSBC: Asian credit
Adam Cadle talks to HSBC Global Asset Management global head of insurance segment Andries Hoekema and head of insurance business EMEA Deepak Seeburrun about investing in Asian credit for European insurers
World Markets (15 minute+ time delay)

BNP Paribas roundtable

ETFs roundtable

Iame roundtable May 2018

iame-roundtable2017