RBNZ published forms to be used for "Report Dates from February 2019" on the insurer data collections page. Regular data returns are required from licensed New Zealand insurers to support the prudential supervision of the insurance sector by RBNZ under the Insurance (Prudential Supervision) Act 2010.
The following forms have been published:
- Insurer Solvency Return and Guide (Version 5.2)—Updated the return and guide to reflect amendment to solvency standards (NZ IFRS 16 on leases and reasonable assurance audit) published on November 23, 2018 and to disclose the upshock and downshock impact of interest rates, instead of only the greatest impact.
- Insurer Return (Version 1.1c)—Added validation checks (already included in Quarterly Insurer Survey), which insurers should review and comment on before submission.
- All forms—Updated list of insurer names and changed to a more recent version of Excel.
- Insurer Data Collections Page
- Insurer Solvency Return, Version 5.2 (XLSX)
- Insurer Solvency Return Guide, Version 5.2 (PDF)
- Insurer Return, Version 1.1c (XLSX)
Keywords: Asia Pacific, New Zealand, Insurance, Data Collections, Solvency Return, Insurer Return, Reporting, IFRS 16, Leases, RBNZ
Previous ArticleRBNZ Issues Proposal on Mortgage Bond Obligations Standard
PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).
EIOPA published the financial stability report that provides detailed quantitative and qualitative assessment of the key risks identified for the insurance and occupational pensions sectors in the European Economic Area.
EBA published its risk dashboard for the first quarter of 2020 together with the results of the risk assessment questionnaire.
EBA announced that the next stress testing exercise is expected to be launched at the end of January 2021 and its results are to be published at the end of July 2021.
PRA published the consultation paper CP11/20 that sets out its expectations and guidance related to auditors’ work on the matching adjustment under Solvency II.
MAS published a statement guidance on dividend distribution by banks.
APRA updated its capital management guidance for banks, particularly easing restrictions around paying dividends as institutions continue to manage the disruption caused by COVID-19 pandemic.
FSB published a report that reviews the progress on data collection for macro-prudential analysis and the availability and use of macro-prudential tools in Germany.
EBA issued a statement reminding financial institutions that the transition period between EU and UK will expire on December 31, 2020; this will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis via passporting.
SRB published guidance on operational continuity in resolution and financial market infrastructure (FMI) contingency plans.