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Consultation to enhance oversight of life reinsurance market infographic - accessible version

This infographic supports the information in the consultation to enhance oversight of life reinsurance market media release.


  • Maintain adequate oversight of the life insurance industry to effectively protect policyholders
  • Better facilitate the use of risk mitigation by life insurers
  • Enhance the standard to make prudential requirements clearer

Key revisions

  • Introducing an aggregate limit on exposures to offshore reinsurers
  • Adding a new limit for exposures to related party reinsurers
  • Modifying the calculation of the value of the assets of the fund (VAF) for reinsurance exposures
  • Redefining stressed reinsurance assets to improve accuracy of capital calculations
  • Broadening and clarifying permissible risk mitigation techniques


  • Consultation commences – April 2021
  • Consultation closes – 25 June 2021
  • APRA finalises standard – Late 2021 
  • New standard comes into effect – 1 July 2023