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Private Health Insurance

From 1 July 2015 responsibility for the prudential supervision of private health insurers transferred from  the Private Health Insurance Administration Council (PHIAC) to the Australian Prudential Regulation Authority (APRA).   

The information on this section of APRA’s website is relevant to private health insurers and the private health insurance industry.

PHIAC Annual Report (published 2 November 2015)

Consultation packages: Proposals released by APRA for consultation where submissions and responses are invited from industry. Consultation packages can include letters, discussion papers, response papers, draft guidance material and other draft information.

Prudential Framework: Information for private health insurers in order to meet APRA's prudential requirements. Includes links to legislation, prudential standards and guidance notes, prudential practice guides and other guidance.

Register of Private Health Insurers: Register of corporations that are regulated by APRA under the Private Health Insurance (Prudential Supervision) Act 2015.

Reporting Framework: Under the Financial Sector (Collection of Data) Act 2001 and its reporting standards, private health insurers are required to provide data to APRA. Includes links to reporting standards, forms and instructions.

Statistical publications: APRA publishes a suite of statistical publications across all industries. These provide regular updates on the financial performance of APRA-regulated industries and individual entities. Private health insurance publications include