BRIEF-RBNZ Publishes‘Review Version’ Of Insurance Interim Solvency Standard

Reserve Bank of New Zealand: * PUBLISHING A ‘REVIEW VERSION’ OF THE INSURANCE INTERIM SOLVENCY STANDARD, WHICH DETERMINES MINIMUM AMOUNTS OF CAPITAL THAT INSURERS MUST HOLD

* REVIEW VERSION OF INTERIM SOLVENCY STANDARD CONTAINS NUMBER OF AMENDMENTS OVER JULY 2021 VERSION * PLAN TO FINALISE INTERIM STANDARD OVER COMING MONTHS, TAKING INTO ACCOUNT FEEDBACK

* WILL ALSO BE CONDUCTING A SECOND QUANTITATIVE IMPACT ASSESSMENT ON A LARGELY VOLUNTARY BASIS Further company coverage:

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