Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation, and is accountable to the Australian Parliament.
See below for the Latest Australian Prudential Regulation Authority News, Analysis, Profit Results, Share Price Information, and Commentary
Australia’s private health insurers’ profit surges 64% YoY in September quarter
Australia’s private health insurers’ profit surges 64% YoY in September quarter
Total assets gradually increased 2.1% YoY to $13.06b.
Australian insurers see revenue growth in the September quarter
Total assets totalled $174b during the period.
Australian CEOs identify longevity insurance barriers
The meeting brought together 21 life insurers in the country.
APRA sets 2025 start for new risk standards
The Practice Guide CPG 230 aims to support the management of financial institutions.
APRA evokes insurers to backup data against the risk of loss
The authority emphasised compliance with CPS 234.
APRA to assess industry's climate risk management
This year’s survey will have participants from banking, insurance, and superannuation entities.
New regime to strengthen accountability framework for Australia’s financial institutions
The Financial Accountability Regime (FAR) is effective beginning 15 March.
Hospital treatment coverage reaches 44.9% of Australian population
Policies for both hospital and general treatment saw an increase.
APRA issues supervision and policy priorities for 1H’24
There will be a focus on balancing financial sustainability with affordability and availability in the insurance sector
Auto & General hit with AU$50m capital blow in APRA’s risk crackdown
The company has accepted the findings and committed to the remediation programme.
APRA retires two Prudential Practice Guides
Current risk management expectations, including areas covered by GPG 250 and LPG 250, are already tackled in Prudential Standard CPS 220 Risk Management
Life insurers urged to examine contracts for transparency – APRA & ASIC
The joint APRA and ASIC review prompts regulatory expectations for Australian life companies.
APRA urges collaboration for sustainable super life insurance
A survey was conducted to assess how the life insurance and superannuation industries are responding to the issue of sustainability.
APRA corrects audit standards for life insurers
The amendments were minor changes to level of assurance required for two reporting standards.
APRA inserts AU$20m more in capital requirement to RAC Insurance
APRA saw significant weaknesses in RAC's outsourcing controls, conflict management, and board decision-making processes.
APRA, ASIC publish papers for industry’s data collection
This aims to assist the industry in conducting detailed assessments of risks.
Australia’s intermediate general insurance records AU$18.5b in June
This was 11.4% higher on a year-on-year basis.
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