Reserve Bank mulls over capital for insurers

The Reserve Bank wants feedback on its draft insurance solvency standards (Image: Supplied)

Fri, 23 Jul 2021

Insurers have one more chance to sway the Reserve Bank on how much capital they will have to hold.The regulator is taking submissions on proposed new solvency standards determining the minimum amount of capital an insurer must hold at any given time.One of the big changes from the previous standards are new upper and lower limits of extra capital.Previously the only requirement was to hold minimum solvency capital.The new draft standards now have both a minimum capital requirement and a higher prescribed capital requirement. The PCR is the leve...

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