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
Actuaries Institute backs APRA review of annuity capital rules
Actuaries Institute backs APRA review of annuity capital rules
The Institute’s submission called for a more principles-based approach.
APRA requires insurers to identify critical services under new CPS 230 rule
It also mandates enhanced oversight of third-party service providers.
APRA proposes capital relief to boost annuity competitiveness
Life insurers would be allowed to hold reduced capital for annuity products.
APRA, ASIC flag early gains in life insurance disclosure reforms
Efforts to reduce premium volatility through product design remain in early stages.
APRA says two new rules to boost insurer accountability
APRA also called for greater transparency in claims processes.
Australia opens consultation for annuity products capital settings
The key proposal will modify the calculation of the ‘illiquidity premium’.
Australians pay $585 on average for car insurance
Insurance prices increased by 14% as of September last year.
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.
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