Risk Margins Survey - New Zealand Society of Actuaries

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What has been the impact of major recent events? Insurance (Prudential Supervision) Act Major regulatory reform, but has not significantly altered insurers approach to risk margins. Only change noted due to the new regulatory framework is around aligning business classes to match the non-life solvency standard. Risk Margins Survey pwc October 2011 Slide 6
What has been the impact of major recent events? Canterbury Earthquakes The earthquakes led to significant property damage. Some insurers have separated these claims from the rest of the property portfolio. In the results of this survey, liabilities arising from the Canterbury earthquake have been excluded. Catastrophe liabilities may require a different risk margin due to: • Greater uncertainty • Reinsurance coverage Risk Margins Survey pwc October 2011 Slide 7
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Risk Margins Survey - New Zealand Society of Actuaries

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