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
APRA retires two Prudential Practice Guides
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.
Australia’s health insurance doubles in first semester – APRA
Investment income rebounded year-on-year, driving overall earnings growth.
Australia’s general insurance earnings jumps eightfold in June
It accumulated AUS$4.6b.
Australia assures FIs with new corporate plan amidst surfacing risks
This is to assure the stability of insurers, banks, and superannuation sectors.
Australia updates regulations for better transparency of remuneration practices
APRA will offer flexibility in disclosure timing, requiring annual disclosures within six months of an entity's financial year-end.
Australia unveils new standards for banks, insurers’ operational risk management
The new standard will take effect on 1 July 2025.
APRA plans to remake four life insurance prudential standards
The standards are set to be remade before 1 April.
Australia's general insurance net profit rise 34.4% YoY
The industry earned a total of $1.51b.
Australia life insurance full-year 2022 net profit falls 59.3%
Investment loss was the main driver of the decreased performance for the year.
Australian regulator names new chair
A new Deputy Chair and two new APRA members were also announced.
Australian watchdog finalises changes to insurance capital and reporting frameworks
The changes aim to minimise misalignments between APRA’s frameworks and AASB 17.
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