Insurers largely prepared for covid-19 - RBNZ

Fri, 13 Mar 2020

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...

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