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RBNZ sets out data regime changes

New Zealand insurers will start reporting data to the Reserve Bank each quarter as of June 30, with the first returns due by August 25.

The central bank last week released its final requirements for data collection, and said all insurers will be issued with notices for reporting information over the next couple of months.

It will publish guidance on completing the returns next month.

Some of the information will be published.

The quarterly returns will generally include less detail than a half-yearly insurer return with financial and exposure data. Insurers must also file solvency returns every six months.

Lloyd’s participants will also report half-yearly and quarterly.