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The Reserve Bank of New Zealand (RBNZ) has released its final interim solvency standards (ISS) following feedback on the previous review and draft versions. The ISS comes into force from 1 January 2023. What should New Zealand insurers be considering ahead of this change?
This latest report looks at the key changes outlined from RBNZ, including:
key changes that apply to all insurers
changes that have been made since the ISS review version
potential capital impacts for life, health and general insurers, and
areas for all insurers to consider right now.
If you have any questions or would like to know more, please get in touch.
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