Insurers largely prepared for covid-19 - RBNZ

Insurers largely prepared for covid-19 - RBNZ
Rebecca Howard
Insurers are largely prepared to deal with the fallout from the coronavirus outbreak, says Reserve Bank deputy governor Geoff Bascand. The central bank was satisfied with the response by the nation's lenders when it asked about their risk management plans and general preparations for the covid-19 outbreak. And while it it was largely satisfied with the response from insurers, Bascand told BusinessDesk the regulator was helping those firms raise their preparedness.“It would be fair to say that, partly because of their own diversity and part...

More Finance

Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Oliver Lewis 17 Sep 2025
Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

Andy Macdonald 17 Sep 2025