insurance regulation
RBNZ review finds the life insurance industry is inefficient, suffers from high and soft commissions, generates high returns for shareholders, and has low solvency ratios
22nd Jan 20, 5:27pm
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RBNZ review finds the life insurance industry is inefficient, suffers from high and soft commissions, generates high returns for shareholders, and has low solvency ratios
Shadow Finance Minister Paul Goldsmith on how he's yet to be convinced bank conduct needs regulation, why foreign capital restrictions are counter-productive and why fiscal stimulus isn't what the economy needs
15th Sep 19, 6:31am
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Shadow Finance Minister Paul Goldsmith on how he's yet to be convinced bank conduct needs regulation, why foreign capital restrictions are counter-productive and why fiscal stimulus isn't what the economy needs
Commerce and Consumer Affairs Minister Kris Faafoi tells insurers to communicate price and policy changes more clearly, but won't force them to ensure insurance remains accessible
12th Mar 19, 2:59pm
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Commerce and Consumer Affairs Minister Kris Faafoi tells insurers to communicate price and policy changes more clearly, but won't force them to ensure insurance remains accessible
Experts divided over whether policyholders will emerge from banks' 'life insurance business ditch' better off
1st Jun 18, 10:00am
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Experts divided over whether policyholders will emerge from banks' 'life insurance business ditch' better off
FMA and RBNZ give life insurance companies until June 22 to prove they aren't mimicking the misconduct of some of their Australian parents
24th May 18, 12:46pm
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FMA and RBNZ give life insurance companies until June 22 to prove they aren't mimicking the misconduct of some of their Australian parents
Commerce and Consumer Affairs Minister Kris Faafoi disappointed life and health insurers spent $34m on soft commissions in two years, but won't commit to banning them
17th May 18, 10:59am
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Commerce and Consumer Affairs Minister Kris Faafoi disappointed life and health insurers spent $34m on soft commissions in two years, but won't commit to banning them
Life and health insurers spend 9% of their sales revenue on soft commissions for the advisers who sell their products; FMA warns of conflicts of interest
16th May 18, 3:00pm
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Life and health insurers spend 9% of their sales revenue on soft commissions for the advisers who sell their products; FMA warns of conflicts of interest
Geof Mortlock argues the prudential regulation of banks, insurers and non-bank deposit-takers should be moved from the RBNZ to a new regulatory agency
4th May 18, 10:32am
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Geof Mortlock argues the prudential regulation of banks, insurers and non-bank deposit-takers should be moved from the RBNZ to a new regulatory agency
Review of law aimed at maintaining a 'sound' insurance sector delayed by Reserve Bank's investigation into CBL, among its other 'supervisory priorities'
23rd Mar 18, 12:39pm
Review of law aimed at maintaining a 'sound' insurance sector delayed by Reserve Bank's investigation into CBL, among its other 'supervisory priorities'
FMA sounds alarm bells over commissions paid to financial advisers, but stops short of lobbying the Government to regulate these; says it first wants to try proposals before Parliament to tighten rules around conduct
22nd Mar 18, 1:17pm
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FMA sounds alarm bells over commissions paid to financial advisers, but stops short of lobbying the Government to regulate these; says it first wants to try proposals before Parliament to tighten rules around conduct
Harbour Asset Management values CBL shares last traded for $3.17, at 28 cents; Lloyd's of London to take over CBL contract to underwrite new building warranties
7th Mar 18, 5:00am
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Harbour Asset Management values CBL shares last traded for $3.17, at 28 cents; Lloyd's of London to take over CBL contract to underwrite new building warranties
CBL Insurance policyholders and beneficiaries advised to consider seeking cover elsewhere; Any costs they face will rank as an 'unsecured creditor claim' if the company enters liquidation
28th Feb 18, 11:23am
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CBL Insurance policyholders and beneficiaries advised to consider seeking cover elsewhere; Any costs they face will rank as an 'unsecured creditor claim' if the company enters liquidation
KordaMentha confirms CBL Corp's results won't be released Tuesday as planned; Central Bank of Ireland warns there could be a 'disorderly failure' of CBL Insurance Europe if it isn't put into administration
27th Feb 18, 12:20pm
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KordaMentha confirms CBL Corp's results won't be released Tuesday as planned; Central Bank of Ireland warns there could be a 'disorderly failure' of CBL Insurance Europe if it isn't put into administration
RBNZ action sees High Court place CBL Insurance into interim liquidation; Order sparks withdrawal of parent company's issuer credit rating
24th Feb 18, 7:55pm
RBNZ action sees High Court place CBL Insurance into interim liquidation; Order sparks withdrawal of parent company's issuer credit rating
Irish central bank orders European subsidiary of NZ insurer, CBL, to stop writing new business; CBL to challenge order, saying it will 'take any action it deems necessary' to protect its interests; RBNZ says nothing
20th Feb 18, 11:45am
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Irish central bank orders European subsidiary of NZ insurer, CBL, to stop writing new business; CBL to challenge order, saying it will 'take any action it deems necessary' to protect its interests; RBNZ says nothing
NZX suspends trading of CBL shares over concerns about the 'completeness and veracity' of information the specialist insurer has released to the market
8th Feb 18, 4:32pm
NZX suspends trading of CBL shares over concerns about the 'completeness and veracity' of information the specialist insurer has released to the market
Insurance industry raises concerns over the RBNZ being the entity to conduct a major review of the legislation it uses to regulate the sector
18th Oct 17, 12:22pm
Insurance industry raises concerns over the RBNZ being the entity to conduct a major review of the legislation it uses to regulate the sector
How a light touch approach to regulating insurers doesn't work while companies consider disclosing key financial information a box ticking rather than a consumer protection exercise
5th Jul 17, 5:02am
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How a light touch approach to regulating insurers doesn't work while companies consider disclosing key financial information a box ticking rather than a consumer protection exercise
Commerce and Consumer Affairs Minister Jacqui Dean 'not in a position' to say whether claims handling will be included in big insurance regulation reforms planned for next year
19th Jun 17, 12:02pm
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Commerce and Consumer Affairs Minister Jacqui Dean 'not in a position' to say whether claims handling will be included in big insurance regulation reforms planned for next year
NZ's largest general insurer wants insurers that aren't locally incorporated to be required to hold a certain amount of assets in NZ; Says there's room for the RBNZ to require insurers to disclose more
2nd Jun 17, 2:40pm
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NZ's largest general insurer wants insurers that aren't locally incorporated to be required to hold a certain amount of assets in NZ; Says there's room for the RBNZ to require insurers to disclose more
Rebecca Sellers says it is past time to change our laws with regard to duty of disclosure to insurers, something our Law Commission recommended in 1996
31st May 17, 5:02pm
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Rebecca Sellers says it is past time to change our laws with regard to duty of disclosure to insurers, something our Law Commission recommended in 1996
RBNZ on insurance regulation: 'Our role is to prod in the right areas and make sure management are on top of what they need to be on top of, rather than doing that job for them'
24th May 17, 5:09pm
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RBNZ on insurance regulation: 'Our role is to prod in the right areas and make sure management are on top of what they need to be on top of, rather than doing that job for them'
Rebecca Sellers says conduct by insurers is effectively unregulated and the IMF is calling for some protection for consumers, at least up to Australian levels
11th May 17, 11:26am
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Rebecca Sellers says conduct by insurers is effectively unregulated and the IMF is calling for some protection for consumers, at least up to Australian levels
Jenée Tibshraeny on how life insurance will continue to be 'sold' and not 'bought' without more transparency
1st Nov 16, 12:19pm
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Jenée Tibshraeny on how life insurance will continue to be 'sold' and not 'bought' without more transparency
Brash warns the Govt risks being held liable for a bank or insurance company collapse, as the RBNZ's taking on too much responsibility as the regulator
3rd Oct 15, 7:02am
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Brash warns the Govt risks being held liable for a bank or insurance company collapse, as the RBNZ's taking on too much responsibility as the regulator