Today the Reserve Bank released a paper summarising the submissions received on the Collection of NZ insurer data consultation along with the Reserve Bank’s response.
The Reserve Bank of New Zealand has reviewed the submissions received in response to the recent consultation on establishing a regular collection of NZ insurer data. This paper presents the summary of submissions along with the Reserve Bank’s assessment on the various issues raised. The paper describes some changes to the proposed data collection that the Bank is making in the light of the feedback received, including changes to the reporting requirements and template for the Quarterly Insurer Survey. An updated Quarterly Insurer Survey template is provided. The paper provides an updated timeline with the next steps for the data collection.