General insurers told to be more open-booked with their pricing and to self-review on conduct and culture; RBNZ Governor says it’s too early to say whether insurance capital changes will ‘lead to the kind of uplift we have proposed for bank capital’ – Interest.co.nz
Finance Minister Grant Robertson and Reserve Bank Governor Adrian Orr are telling insurers to be more transparent around the way they price property insurance.
They accept insurers are making commercial decisions to use more granular data to more accurately …
