Speech by Mr. David Toua, OBE, Chairman of the Board, Bank of Papua New Guinea, at the 2024 Business Advantage Papua New Guinea Investment Conference and Expo | Governor Genia's speech to the Lae Business Community | Speech on the Opening of the National Stakeholder Consultation on Expanding Superannuation and Insurance Coverage to MSMEs and Self-employed Workers in PNG| More choice in banking as BPNG grants two new Banking Licenses | March 2024 Monetary Policy Statement issued by the Board of Bank of Papua New Guinea |Press Release on Alternatives to Private Sector Cheques Given Thumbs Up |Media Release: Response to Letter circulating in Social Media referring alleged AML Offences |Joint Press Communiqué 59th SEACEN Governors’ Conference and the 43rd Meeting of the SEACEN Board of Governors|Monetary Policy Statement September 2023 Issued by the Board of the Bank of Papua New Guinea and delivered to the Minister for Treasury by the Acting Governor, Ms Elizabeth Genia|Public Notice - Customer Complaints Help Desk Core Banking System |Private Sector Cheques to be Discontinued by 31st December 2023 |Acting Governor, Ms Elizabeth Genia, AAICD, releases the March 2023 Monetary Policy Statement.|Ms Elizabeth Genia, Acting Governor of the Bank of Papua New Guinea (Bank of PNG or the Bank), today released the June 2022 Quarterly Economic Bulletin (QEB). |Opening and Operating Foreign Currency Accounts outside of PNG without prior approval of the Bank of Papua New Guinea | List of reporting entities (REs) registered with Financial Analysis and Supervision Unit (FASU)

Bank of Papua New Guinea (PNG) Port Moresby, Papua New Guinea > Life Insurance Business

Life Insurance Business

These institutions are authorised to conduct life insurance business as specified under the Life Insurance Act 2000.

i. Life Insurance Companies
1. BSP Life (PNG) Limited
2. Capital Life Insurance Company Limited
3. Life Insurance Corporation (PNG) Limited
4. Pacific MMI Insurance Limited
5. Workers Mutual Insurance (PNG) Limited (under liquidation)

ii. Life Insurance Brokers
1. AON Risk Services Limited
2. Bougainville Insurance Brokers Limited t/a Niugini Islands Insurance Brokers
3. Kanda International Insurance Brokers
4. Marsh (PNG) Limited4.
5. Sunrise Assurance Brokers Limited

Kina exchange rate (MIDRATE)

Last Updated:
Released:05/09/2024

USD 0.2564

AUD 0.3814

EUR 0.2314

GBP 0.195

JPY 36.77

NZD 0.4133

SGD 0.3339

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Kina Facility Rate:

Aug 2024 3.00%
Jul 2024 2.50%
Jun 2024 2.50%
May 2024 2.50%
Apr 2024 2.00%
Mar 2024 2.00%
Feb 2024 2.00%
Jan 2024 2.50%
Dec 2023 2.50%
Nov 2023 2.50%
Oct 2023 3.00%
Sep 2023 3.00%
Aug 2023 3.50%
Jul 2023 3.50%