The New Zealand insurance industry is being asked to have its say on a proposed interim Solvency Standard for insurers, which will determine the minimum amounts of capital insurers must hold.

After numerous delays and extended rounds of consultation, the Financial Markets (Conduct of Institutions) Amendment Bill (CoFI) is heading back to Parliament.

New Zealand needs a stewardship code that would require institutional investors to be transparent about their investment processes, engage with investee companies and vote at shareholders’ meetings.

A recent nib New Zealand campaign offering cover for pre-existing medical conditions has been the victim of its own success with advisers being asked not to supply clients medical notes due to underwriting delays.