Regulation and supervision Insurers Consultations and policy development for insurers Future policy development

Future policy development

Information about policy developments that we expect to consult about in due course.

IPSA Review

Indicative timing:  2017- 2018

Over the course of the IPSA review the Reserve Bank will undertake further consultation to further identify policy concerns and develop proposals to effectively address these concerns.

 

Related to this page

Generic Page Thumbnail Active policy development
Generic Page Thumbnail Completed policy development
Insurance news & updates

Feb 2020 Insurance

The Reserve Bank of New Zealand is satisfied that OnePath Life (NZ) Limited is no longer carrying on insurance business in New Zealand according to the Insurance (Prudential Supervision) Act 2010 (‘the Act’). At the request of OnePath Life (NZ) Limited, the licence issued to it on 7 May 2013 under section 19 of the Act was cancelled on 31 January 2020 pursuant to section 30(1) of the Act.

Feb 2020 Insurance

The Reserve Bank of New Zealand is satisfied that Youi NZ Pty Limited is no longer carrying on insurance business in New Zealand according to the Insurance (Prudential Supervision) Act 2010 (‘the Act’). At the request of Youi NZ Pty Limited, the licence issued to it on 28 July 2014 under section 19 of the Act was cancelled on 1 February 2020 pursuant to section 30(1) of the Act.

May 2019 Insurance

Appointed actuary thematic review

The Reserve Bank has published an update on the appointed actuary thematic review.

May 2019 Insurance

SCOR Global Life SE

The Reserve Bank of New Zealand is satisfied that SCOR Global Life SE is no longer carrying on insurance business in New Zealand according to the Insurance (Prudential Supervision) Act 2010 (the Act). At the request of SCOR Global Life SE, the licence issued to it on 8 March 2012 under section 19 of the Act was cancelled on 1 May 2019 pursuant to section 30(1) of the Act.

Mar 2019 Insurance

In 2019 the Reserve Bank is performing a thematic review of the appointed actuary regime. Any policy changes will require consultation. We will seed feedback on the objectives and a draft plan for the review through open forums in Auckland and Wellington, as well as meetings with key stakeholder groups. The forums are scheduled for:

  • Wellington - Tuesday 2 April 1-2:30pm and 3 - 4:30pm at James Cook hotel
  • Auckland - Wednesday 3 April 12:30-2pm and 2:30-4pm at the Heritage hotel

If you wish to attend please RSVP by email to insurancethematicreview@rbnz.govt.nz no later than 27 March 2019. Please state who will be attending and which session.

Sign up for updates

Stay current with the latest content on the Reserve Bank website