(MENAFN- GlobeNewsWire - Nasdaq) Dublin, April 19, 2024 (GLOBE NEWSWIRE) -- The "New Zealand Insurance Industry - Governance, Risk and Compliance" report has been added to ResearchAndMarkets's offering.
This report provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.
The report brings together the research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.
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 the country's 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 the country. Key parameters including licensing requirements permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations. Details of the tax and legal systems in the country.
Key Highlights
RBNZ supervises and regulates the country's insurance industry. The Insurance Act 2010, as amended by the Insurance (Prudential Supervision) Amendment Regulations 2014 is the principal act regulating the insurance industry in New Zealand. Composite insurance is not permitted in the New Zealand insurance industry. Non-admitted insurance is not permitted in New Zealand. New Zealand's current insurance legislation does not mandate any compulsory insurance.
Scope
The report covers details of the insurance regulatory framework in New Zealand. The report contains details of the rules and regulations governing insurance products and insurance entities. The report lists and analyzes key trends and developments pertaining to the country's insurance regulatory framework. The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country. The report provides details of taxation imposed on insurance products and insurance companies.
Key Topics Covered:
Legislation Overview Supervision and Control Legislation Compulsory Insurance Non-Admitted Insurance Regulations Company Registration and Operation License Foreign Direct Investment / Ownership Minimum Capital Requirements Solvency Margins Reserve Requirements Statutory Return Requirements Fee Structure Taxation Tax on Insurance Premium Corporate Income Tax Corporate Capital Gains Tax Value Added Tax Legal System Policy Practice
For more information about this report visit
About ResearchAndMarkets
ResearchAndMarkets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets Laura Wood,Senior Press Manager ... For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
MENAFN19042024004107003653ID1108115274
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.