This page contains consultation documents outlining APRA's planned approach to reviewing the capital framework applicable to private health insurers, including the impacts of AASB 17 Insurance Contracts, as part of Phase Three of the PHI Policy Roadmap released in August 2016. This follows completion of Phase One (Risk) and Phase Two (Governance) in 2018.
Consultations for Private health insurance
Capital
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.
Data and Reporting
This page contains APRA's direction for data collections and each industry’s roadmap for the creation of new collections and the transition to APRA Connect over the next five years.
Governance
This page contains APRA's consultation on new prudential requirements for remuneration. The new requirements will help regulated entities align remuneration practices with risk, performance and their long-term viability.
Other
This page contains APRA’s consultation regarding the use of the term significant financial institution in APRA’s prudential standards.
This page contains consultations about the private health insurance reform data collection. On 10 December 2020, APRA released a response to submissions on further changes to the proposed Reporting Standard HRS 605.0 Private Health Insurance Reform Data Collection.
Risk Management
APRA is consulting on new prudential standards to strengthen the preparedness of banks, insurers and superannuation trustees to respond to future financial crises.
The Australian Prudential Regulation Authority (APRA) has released for consultation its draft guidance to banks, insurers and superannuation trustees on managing the financial risks of climate change.