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    RBNZ Updates Insurer Solvency Return and Guide

    February 15, 2019

    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.

     

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    Keywords: Asia Pacific, New Zealand, Insurance, Data Collections, Solvency Return, Insurer Return, Reporting, IFRS 16, Leases, RBNZ

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