Follow TopicFollow Contributor Share Feedback
New Zealand Insurers to Increase Focus on Culture and Conduct

New Zealand Insurers to Increase Focus on Culture and Conduct

by Starling Insights

Starling Insights Editorial Board

Jun 20, 2022

Observations

According to insurance brokerage Crombie Lockwood, insurers in New Zealand will experience a significant shift in their operating environment with the impending Financial Markets (Conduct of Institutions) Amendment, also called the CoFI bill.

In December 2019, the New Zealand government introduced the CoFI bill to establish a regulatory framework for the conduct of financial institutions. The legislation includes a number of provisions, including requiring that financial institutions be licensed in their conduct toward customers, to be monitored and enforced by New Zealand's Financial Markets Authority. The bill is expected to pass in 2022.

This content is available to paid Members of Starling Insights.

If you are a Member of Starling Insights, you can sign in below to access this item. 

 

If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform.  Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.

Join The Discussion

See something that doesn't look quite right?

We strive to provide high quality and accurate content at all times. With that said, we realize that sometimes links break, new information becomes available, or there is something that you feel we may have missed.

If you see something that you think we should be aware of, we would love to hear from you. Feel free to drop us a note below and leave your name and contact info if you'd like to hear back from us.

Thank you for being a key part of the Starling Insights community!