New Zealand – solvency standards and pricing implications

December 22nd, 2011

This issue of d’Finitive looks at the implications of the new solvency standards for insurers operating in New Zealand that were finalised by the Reserve Bank in November 2011.  There were a number of changes from the earlier drafts, including the requirement for the PML to take account of a 1 in 1,000 year return period earthquake event from 2015.  We consider the implications of these changes particularly on house insurance pricing.

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