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Prudential Standards (1)
In Force
In effect from 1 July 2019
This Prudential Standard requires a general insurer or Level 2 insurance group to maintain adequate capital against the asset risks associated with 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 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 obligations under a wide range of circumstances. The Asset Risk Charge is the minimum amount of capital required to be held against asset risks. The Asset Risk Charge relates to the risk of adverse movements in the value of a general insurer’s or Level 2 insurance group’s on-balance sheet and off-balance sheet exposures. Asset risk can be derived from a number of sources, including market risk and credit risk.
Guidance (0)
Reporting Standards (8)
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 the calculation of a general insurer’s Asset Risk Charge. It includes Form GRF 114.0 Asset Risk Charge and associated specific instructions and must be read in conjunction with the general instruction guide and Prudential Standard GPS 114 Capital Adequacy: Asset Risk Charge.
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 assets by counterparty grade. It includes Form GRF 114.1 Assets by Counterparty Grade and associated specific instructions and must be read in conjunction with the general instruction guide.
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 derivatives activities. It includes Form GRF 114.2 Derivatives Activity and associated specific instructions and must be read in conjunction with the general instruction guide.
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 off-balance sheet business. It includes Form GRF 114.3 Off-balance Sheet Business and associated specific instructions and must be read in conjunction with the general instruction guide.
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 investment assets. It includes Form GRF 114.4 Details of Investment Assets and associated specific instructions and must be read in conjunction with the general instruction guide.
In Force
In effect from 30 June 2016
Level 2: This Reporting Standard sets out the requirements for the provision of information to APRA relating to the calculation of the Level 2 insurance group’s Asset Risk Charge. It includes Form GRF 114.0_G Asset Risk Charge (G) and associated specific instructions and must be read in conjunction with the general instruction guide and Prudential Standard GPS 114 Capital Adequacy: Asset Risk Charge.
In Force
In effect from 30 June 2016
Level 2: This Reporting Standard sets out the requirements for the provision of information to APRA relating to the breakdown of a Level 2 insurance group’s assets by counterparty grade. It includes Form GRF 114.1_G Assets by Counterparty Grade (G) and associated specific instructions and must be read in conjunction with the general instruction guide.
In Force
In effect from 30 June 2016
Level 2: This Reporting Standard sets out the requirements for the provision of information to APRA relating to a Level 2 insurance group’s off-balance sheet business. It includes Form GRF 114.3_G Off-balance Sheet Business (G) and associated specific instructions and must be read in conjunction with the general instruction guide.