Governance, Risk and Compliance - The New Zealand Insurance Industry - New Study Released

The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in New Zealand , including:

* An overview of the insurance regulatory framework in New Zealand .
* The latest key changes and changes expected in New Zealand insurance regulatory framework.
* Key regulations and market practices related to different types of insurance product in the country.
* Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in New Zealand.
* Key GRC parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency requirements, reserve requirements, and investment regulations.
* Details of the tax and legal systems in the country."

Full Report Details at
- http://www.fastmr.com/prod/1019707_governance_risk_compliance.aspx?afid=301

Report Highlights

* The Reserve Bank of New Zealand supervises and regulates the country's insurance industry.
* Composite insurance is not permitted in the New Zealand insurance industry.
* The Insurance (Prudential Supervision) Act 2010 was amended through the Insurance (Prudential Supervision) Amendment Regulations 2014 is the principal act that regulates the insurance industry in New Zealand.
* Non-admitted insurance is not permitted in the New Zealand.
* The solvency standards have been amended in New Zealand insurance industry effective from January 1, 2015.

Report Scope

* This report covers details of the insurance regulatory framework in New Zealand.
* The report contains details of rules and regulations governing insurance products and insurance entities.
* The report lists and analyzes key trends and developments pertaining to the New Zealand insurance regulatory framework.
* The report analyzes rules and regulations pertaining to the establishment and operation of insurance business in the country.
* The report provides details of taxation imposed on insurance products and companies.

Reasons to Get this Report

* Gain insights into the insurance regulatory framework in New Zealand.
* Track latest regulatory changes and expected changes impacting the New Zealand insurance industry
* Gain detailed information about key regulations governing the establishment and operation of insurance entities in the country
* Understand key regulations and market practices relating to various types of insurance product.

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