Insurance

Reserve Bank assesses state of insurance sector

Wednesday 19th of May 2010

The central bank says relatively small size of most insurance institutions and the wider sector would damp any impact a "failure would have upon the financial system and macroeconomy." Similarly, the financial linkages between insurers are less than in the banking system, and any distress of failure would develop more slowly, potentially giving regulators "time to mitigate" its impact.

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