The Reserve Bank of New Zealand is the prudential regulator and supervisor of all insurers carrying on insurance business in New Zealand and is responsible for administering the Insurance (Prudential Supervision) Act 2010.
The following sections provide information for industry participants and the general public on the prudential regulation regime for insurers in New Zealand.
- Regulation of the insurance
Provides information on insurance legislation, regulations and standards.
- Licensing for insurers
Explains what is required to obtain a licence and how to apply for a licence. Includes a list of licensed insurers.
- Supervision of
Outlines our approach to the supervision of insurers.
- New regulatory
Contains material relating to new regulatory initiatives including consultation documents.
This section contains recent publications, reports and will also include insurance trends and aggregated data in the future.
- Relationship with other regulatory
and supervisory bodies
Information on relationships the Reserve Bank maintains with other regulatory and supervisory bodies.
- Cautions and notices
Details the cautions and notices issued by the Reserve Bank.
- Questions and Answers
Provides various Questions & Answers to help insurers and the general public understand insurance regulation in New Zealand.
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June 2013 – the Bank issued a consultation paper (PDF 243KB) on the treatment of guarantees and off-balance sheet exposures in the Insurance Solvency Standards.
May 2013 – The Bank has issued an Industry Update publication (PDF 88KB).
An updated list of licensed insurers in New Zealand has been issued.
The Bank has issued the Conditions of licence and licensing policies (PDF 246KB).
The Bank has updated the Exemptions for small insurers guideline (PDF 134KB).
The Bank has issued the Statutory funds guideline (PDF 191KB).
April 2013 – An updated list of licensed insurers in New Zealand has been issued.
The Bank has issued a Solvency Standard for Captive Insurers Transacting Life Insurance Business (PDF 395KB).
Note: All material in the Insurance section of the Reserve Bank’s website is intended for guidance only. It is not a substitute for legal advice.