Nosier RBNZ regulations to cost insurers more

Tightening the supervisor's grip. (Image: Getty)

Fri, 29 Sep 2023

Insurers will face heftier regulatory costs as the Reserve Bank of New Zealand pushes for stricter monitoring rules, but Jarden analysts anticipate the regulator won’t push too hard for fear of stoking already accelerating premiums. The Reserve Bank of NZ (RBNZ) this week unveiled a series of proposed changes to insurance prudential supervision law that will dial back the light-handed approach in favour of a more proactive and intensive stance it says aligns with international best practice. The changes have been a long time com...

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