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APRA to monitor CCI following its decision to enter run-off

The Australian Prudential Regulation Authority (APRA) notes today’s announcement by Catholic Church Insurance (CCI) of its decision to enter run-off. CCI will cease writing new insurance business and renewing policies except in limited circumstances.  

This is a commercial decision taken by CCI.  

APRA's mandate is to supervise financial institutions so the community can have confidence in those institutions and that they are able to meet their prudential obligations. APRA will continue to closely supervise CCI. 

Media enquiries

Contact APRA Media Unit, on +61 2 9210 3636

All other enquiries

For more information contact APRA on 1300 558 849.

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.