APRA is requesting feedback on its planned approach to integrating AASB 17 Insurance contracts into the capital and reporting frameworks applicable to life insurers and general insurers.
Consultations for General insurance
Capital
Data and Reporting
APRA’s 2020-2024 Cyber Security Strategy is focussing on initiatives to help achieve a financial system which is resilient to cyber incidents. The collection of cyber insurance data will assist insurers in quantifying this risk so as to develop adaptive pricing models and products to support this strategic response.
This page contains consultations in relation to data confidentiality for the general insurance (GI) and life insurance (LI) industries.
Governance
APRA is creating a new prudential standard relating to remuneration requirements across all APRA-regulated industries. The new requirements will help regulated entities align remuneration practices with risk, performance and their long-term viability.
Other
Risk Management
The Australian Prudential Regulation Authority (APRA) has released for consultation its draft guidance to banks, insurers and superannuation trustees on managing the financial risks of climate change.