APRA finalises longevity capital reporting template following consultation
APRA confirms it will implement the reporting template accompanying the response paper on finalising amendments to the capital treatment for longevity products. No industry submissions were received during the consultation process, and the draft reporting template will be implemented without any further changes.
Life companies that elect to use the Advanced Illiquidity Premium (AILP) from 1 July 2026 should contact their APRA supervisor in advance.
The response paper and accompanying reporting template can be viewed on APRA's website at: Finalising amendments to the capital treatment for longevity products
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $9.8 trillion in assets for Australian depositors, policyholders and superannuation fund members.