Insurance
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
sector
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 register of licensed insurers.
- Supervision of
insurers
Outlines our approach to the supervision of insurers.
- New regulatory
initiatives
Contains material relating to new regulatory initiatives including consultation documents.
- Publications
This section will contain information about insurance sector trends and aggregated data. Publications will be available at a later date.
- Questions and Answers
Provides various Questions & Answers to help insurers and the general public understand insurance regulation in New Zealand.
- Sign up to receive email notification when the Insurance Sector website is updated.
|
Latest update February 2012 – The draft Solvency Standard for Non-life Insurance Business in Run-off has been released for consultation. An updated list of licensed insurers in New Zealand has been published. In response to industry feedback the Bank has relaxed some aspects of the requirements for the initial Solvency Return due on 31 March 2012. February 2012 – The Bank has released a Solvency Return for completion by insurers. This return is required to be completed by all insurers (except those whose business will run-off by 7 September 2013) and is due by 31 March 2012. January 2012 – An updated list of licensed insurers in New Zealand has been published. Minor amendments have been made to the Fit and Proper Certificate guideline (PDF 106KB) and its accompanying certificates. A licensing reminder from the Deputy Governor has been issued. |
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.
