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117

Capital Adequacy Asset Concentration Risk Charge

GPS
117
GRS
117.0
GRS
117.0_G
Prudential Standards (1)
In Force
In effect from 13 February 2017
This Prudential Standard requires a general insurer or Level 2 insurance group to maintain adequate capital against the risks associated with asset concentration in its activities. The ultimate responsibility for the prudent management of capital of a general insurer or Level 2 insurance group rests with its Board of directors. The Board must ensure that the general insurer or Level 2 insurance group maintains an adequate level and quality of capital commensurate with the scale, nature and complexity of its business and risk profile, such that it is able to meet its operations under a wide range of circumstances.
Guidance (0)
Reporting Standards (2)
In Force
In effect from 1 January 2013
Level 1: This Reporting Standard sets out the requirements for the provision of information to APRA relating to a general insurer’s Asset Concentration Risk Charge. It includes Form GRF 117.0 Asset Concentration Risk Charge and associated specific instructions and must be read in conjunction with the general instruction guide and Prudential Standard GPS 117 Capital Adequacy: Asset Concentration Risk Charge.
In Force
In effect from 30 June 2016
This Reporting Standard sets out the requirements for the provision of information to APRA relating to the calculation of a Level 2 insurance group’s asset concentration risk charge. It includes Form GRF 117.0_G Asset Concentration Risk Charge (G) and associated specific instructions and must be read in conjunction with the general instruction guide and Prudential Standard GPS 117 Capital Adequacy: Asset Concentration Risk Charge.