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InsuranceLinked Securities Asia Pacific New Zealand

New Zealand regulator introduces cat risk charge for quake coverage

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New solvency standards to be introduced into law by New Zealand’s regulator early next year include a requirement for catastrophe insurers writing earthquake coverage to demonstrate they hold enough capital to withstand a one-in-1,000-year event, similar to the classification applied to the first loss event to strike Christchurch last year, Insurance Day can reveal.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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