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Review of the Insurance Solvency Standards

We are reviewing the existing suite of insurance solvency standards, in part to address the new accounting standard for insurance contracts (NZ IFRS 17).

Consultation opened:
Consultation closed:
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Closed
Closed

Review status 

The Interim Solvency Standard 2023 was amended in December 2024 by the Interim Solvency Standard Amendment Standard 2024 and applies to all non-exempt insurers according to their licence conditions from 1 March 2025. Insurers should continue to comply with the in-force version of the standard (including only the Interim Solvency Standard Amendment Standard 2023), until the second amendment becomes effective on 1 March 2025.
 
The second amendment addresses remaining issues within the scope of the first stage of the solvency review – the structure of the solvency regime and handling of NZ IFRS 17.
 
Please refer to the link below for more information about the review of insurance solvency standards. 

More information

Review of insurance solvency standards - Visit this page to view all information relating to previous consultations. 

Standards for insurers