Skip to main content
113

Capital Adequacy: Internal Model-based Method

GPS
113
GPG
113
Prudential Standards (1)
In Force
In effect from 1 July 2019
This Prudential Standard sets out the requirements that a general insurer or Level 2 insurance group must meet to use an Internal Model-based Method for calculating the prescribed capital amount of the general insurer or Level 2 insurance group, both at the time of application and subsequently. The ultimate responsibility for complying with the requirements to obtain and maintain approval for the use of an Internal Model-based Method rests with the Board of directors of a general insurer or Level 2 insurance group.
Guidance (1)
Current
March 2009
Prudential Standard GPS 113 Capital Adequacy: Internal Model-based Method (GPS 113) sets out APRA’s requirements of general insurers and Level 2 insurance groups (insurers) in relation to the Internal Modelbased Method.  |  File type: PDF  |  File size: 231.23 KB