APRA releases letter to PHIs in response to submissions on proposed updates to data collection reporting standards
The Australian Prudential Regulation Authority (APRA) has released a response letter to submissions from private health insurers (PHIs) on updates to Reporting Standard HRS 605.0 Private Health Insurance Reform Data Collection.
The response letter, clean and marked-up versions of the reporting standard, reform data examples and reporting template are available on the APRA website at: Private health insurance reform data collection.
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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 around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.