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The Insurance (Prudential Supervision) Act 2010 (IPSA) sets out how we regulate and supervise insurers to promote a sound and efficient insurance sector.
We are reviewing IPSA, the prudential legislation that governs the private insurance sector in New Zealand.
A review of the insurance solvency standards has been running since 2020 with an interim standard currently in place.
This page provides information on the liquidation of CBL Insurance Limited and our independent review of our supervision of the insurer.
We approved the sale of AMP Life to Resolution Life in June 2020 in a revised arrangement subject to a number of conditions imposed to protect policyholders.