The Reserve Bank of New Zealand is the prudential regulator and supervisor of all insurers carrying on insurance business in New Zealand and is responsible for administering the Insurance (Prudential Supervision) Act 2010 (RBNZ, 2020).

References:

RBNZ. (2020). Household debt. Reserve Bank of New Zealand website. Available from: https://www.rbnz.govt.nz/statistics/key-graphs/key-graph-household-debt.