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RBNZ to hold insurance solvency webinar

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The Reserve Bank of New Zealand (RBNZ) will host a webinar on Thursday to discuss its interim Solvency Standard for insurers.

The interim standard is part of a multi-year review of the Insurance Prudential Supervision Act (IPSA) 2010 and its associated Insurer Solvency Standards.

The RBNZ is encouraging insurers to share their views on the interim Solvency Standard, which is designed to determine minimum amounts of capital cover providers must hold and takes account of upcoming changes to IFRS 17 accounting rules, to take effect from early 2022 and be in-force for around three years.

Consultation is open for 10 weeks until October 1.

Thursday’s webinar agenda includes an introduction by Manager Financial Policy Cavan O’Connor-Close and a presentation of the standard by Senior Adviser – Actuarial, Financial System Policy & Analysis Adrian Allott.

A Q&A session facilitated by Financial System Policy & Analysis Adviser Ben Thirkell-White will follow.

Questions may be submitted in advance to, or during the webinar via a chat box.

Click here to join the meeting, which is on Microsoft Teams at 10am NZST, or call +64 4-889 5741,962232299#