The Australian Prudential Regulation Authority (APRA) is updating guidance for General Insurers to observe when reporting large exposures in GRS_117_0. This guidance was originally released in 2018 and has been updated to incorporate changes in the reporting standard released in 2023.
The letter is available on the APRA website at: Update to reporting large exposures on GRF 117.0 / GRF 117.0(G).
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 $9.8 trillion in assets for Australian depositors, policyholders and superannuation fund members.