Insurance
RBNZ's latest paper on insurance causes concerns
Friday 14th of June 2013
Submissions are being sought on the Reserve Bank’s solvency standards for insurance companies, relating to third-party guarantees and off-balance sheet exposures. It follows an earlier consultation paper that looked at insurers’ reinsurance arrangements.
If the proposals go ahead, they will increase the minimum solvency capital required for some insurers.
A clause that is causing...
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