Prudential map for private health insurance
The prudential framework currently in force for the private health insurance industry is summarised below in risk-based categories. This page is intended to clarify how the standards and guidance fit together.
The standards and practice guides are available here.
Last updated 27 June 2023
Governance
Topic | Title | Standard | Guidance |
|---|---|---|---|
Board | Governance | CPS 510 | HPG 510 |
Accountability | Fit and Proper | CPS 520 | HPG 520 |
Actuarial | Actuarial | CPS 320 | CPG 320 |
Audit | Audit | HPS 310 | - |
Remuneration | Remuneration | CPS 511 | CPG 511 |
Risk management
Topic | Title | Standard | Guidance |
|---|---|---|---|
Risk Management | Risk Management | CPS 220 | CPG 220 |
Operational Risk | Outsourcing | HPS 231 | - |
Information Security | CPS 234 | CPG 234 | |
Climate Change | - | CPG 229 |
Financial resilience
Topic | Title | Standard | Guidance |
|---|---|---|---|
Capital | Capital Adequacy | HPS 110 | - |
| Capital Management (ICAAP) | - | GPG 110 | |
| Solvency Standard (to be revoked on 1 July 2023) | HPS 100 | - | |
| Capital Measurement | HPS 112 | - | |
| Asset Risk Charge | HPS 114 | - | |
| Insurance Risk Charge | HPS 115 | - | |
| Asset Concentration Risk Charge | HPS 117 | - | |
| Operational Risk Charge | HPS 118 | - | |
| Insurance Liability Valuation | HPS 340 | - |
Recovery and resolution
Topic | Title | Standard | Guidance |
|---|---|---|---|
Resolution | Resolution Planning (2024) | CPS 900 | CPG 900 |
Recovery | Recovery and Exit Planning | CPS 190 | CPG 190 |