insurance regulation

12 Mar 19, 2:59pm
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 
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1 Jun 18, 10:00am
Experts divided over whether policyholders will emerge from banks' 'life insurance business ditch' better off
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24 May 18, 12:46pm
FMA and RBNZ give life insurance companies until June 22 to prove they aren't mimicking the misconduct of some of their Australian parents
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17 May 18, 10:59am
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
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16 May 18, 3:00pm
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
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4 May 18, 10:32am
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
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23 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'
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22 Mar 18, 1:17pm
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
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7 Mar 18, 5:00am
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  
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28 Feb 18, 11:23am
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 
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27 Feb 18, 12:20pm
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
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24 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
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20 Feb 18, 11:45am
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
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8 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
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18 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
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5 Jul 17, 5:02am
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
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19 Jun 17, 12:02pm
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
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2 Jun 17, 2:40pm
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 
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31 May 17, 5:02pm
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
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24 May 17, 5:09pm
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'
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