Completed policy development

This section contains consultations where the opportunity to respond is closed, analysis is complete, and the Reserve Bank has published an update or final policy position.

Chronology of completed policy development
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23 Nov
Solvency Standards and NZ IFRS 16 Leases
The Reserve Bank consulted on proposed changes to the insurance solvency standards in response to the introduction of the accounting standard NZ IFRS 16 Leases. The amended standards also incorporated the non-life catastrophe risk charge loss return period and a requirement for the insurer solvency return to have a reasonable assurance level of audit.
24 Oct
Sign off of insurer data returns
The Reserve Bank informally consulted on the sign-off requirements of the insurer data returns.
24 Oct
Audit requirements for insurer data returns
The Reserve Bank consulted on strengthening the audit requirements for the year-end Insurer Return and the year-end Insurer Solvency Return.
28 Sep
Insurer data workshops: September 2018
The Reserve Bank held a series of workshops to informally consult with the insurance industry on data return definitions in September 2018.
12 Aug
Insurer data collections: Insurer Foreign Business Return 2015
The Reserve Bank consulted on development of Data Collections for insurance data. This page contains information on the Insurer Foreign Business Return 2015
23 Jul
Insurer data collections: Insurer Return and Quarterly Insurer Survey 2014-2015
The Reserve Bank consulted on development of Data Collections for insurance data. This page contains information on the Insurer Return and Quarterly Insurer Survey 2014-2015
10 Apr
Solvency standards for Variable Annuity business
On the 10 April 2015 the Reserve Bank issued the Solvency Standard for Variable Annuity Business 2015.
18 Feb
Insurer data collections: Insurer Solvency Return and Insurer Solvency Exempt Return 2014
The Reserve Bank consulted on development of Data Collections for insurance data. This page contains information on the Insurer Solvency Return and Insurer Solvency Exempt Return 2014.
17 Dec
Solvency standards applicable to insurers 2014
The Reserve Bank re-issued the Solvency Standards applicable to insurers on 17 December 2014.
30 Apr
Solvency standards applicable to insurers 2011-2012
The Reserve Bank issued a series of solvency standards applicable to insurers over 2011 – 2012.
20 Apr
Insurance Prudential Supervision Bill - draft for consultation
The Reserve Bank released of a draft Insurance (Prudential Supervision) Bill for stakeholder consultation in 2009. The draft Bill reflected policy approvals provided by Cabinet in December 2007 and August 2008.