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flag New Zealand's insurers show resilience in stress tests but need $100 billion support for a simulated major earthquake.

flag The Reserve Bank of New Zealand has released a stress test report for the 2024 General Insurance Industry, focusing on a simulated magnitude 8.7 earthquake and severe cyber incidents. flag Insurers modeled substantial property losses up to $100 billion and demonstrated resilience, with critical support needed from parent companies and reinsurance. flag The test highlighted the need for ongoing collaboration between insurers and government to improve preparedness for such events.

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