01888cas a2200241 a 4500 AALejournalIMF017643 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475599954 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. New Zealand : Financial Sector Assessment Program: Detailed Assessment of Observance-Insurance Core Principles. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (129 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents an assessment of the Observance of Insurance Core Principles in New Zealand. Observance of these principles in New Zealand falls significantly short. In some areas, the implementation of initiatives that would improve observance is incomplete. Supervisory risk assessment and enhancement of regulatory reporting by insurers are limited, which compromises effective off-site supervision, macroprudential analysis, and publication of aggregate information on the market. The Reserve Bank of New Zealand should focus in regulation and supervisory work on setting standards on corporate governance, risk management, and internal controls. It should assess risk in these areas to promote the effectiveness of insurers' governance. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/121 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/121/002.2017.issue-121-en.xml IMF e-Library