Review of the Insurance Solvency Standards
Status: The Reserve Bank has commenced work on a Review of the Insurance Solvency Standards, and a consultation on the principles guiding the Review is underway.
Consultation period: 1 October 2020 – 12 November 2020
1 October 2020
The Reserve Bank has commenced a review of the Insurance Solvency Standards. An initial paper sets out the anticipated timeline for the review and exposes for consultation several principles intended to guide the review. A substantive consultation paper – responding to IFRS 17 and dealing with the structure of solvency standards - is expected to be issued in November 2020.