News and Publications

The letter released today follows the publication of the final Prudential Standard CPS 511 Remuneration in August 2021, and APRA's commitment to publish the findings of a review of its implementation.

APRA unveils its latest Corporate Plan designed to preserve the soundness and stability of the banking, insurance and superannuation industries.

The Quarterly General Insurance Performance Statistics publication provides aggregate summaries of financial performance, financial position, capital adequacy and key ratios for the general insurance industry. The publication also includes detailed statistics at a class-of-business level, a breakdown of operating income and expenses, and more granular solvency information.

In the letter to industry, APRA reflects on the challenging reinsurance environment and reminds insurers that they can consider a range of reinsurance solutions including both traditional and ILS options under the prudential framework.

Under the updates to Prudential Standard CPS 511 Remuneration, APRA-regulated entities will need to annually publish information on their remuneration frameworks, design, governance and outcomes.

The letter released today outlines APRA's plans to commence the first annual review of its data directions roadmap. It also provides additional clarity on APRA’s near-term data priorities to help entities prepare for ongoing engagement and consultation.

The National Claims and Policies Database reports comprise an overview of professional indemnity (PI) and public and product liability (PL) insurance, as well as policy and claims reports containing aggregate (level 1) data for APRA-regulated general insurers and Lloyd’s Australia.

The Private Health Insurance Annual Coverage Survey report provides a snapshot at December each year of the number of people, by age, gender and state of residence, with hospital insurance. The General Insurance Claims Development Statistics details claims development trends across the general insurance industry by class of business.

To support early engagement with entities and to enable the timely implementation of the FAR, APRA and ASIC have released a package of key documents for consultation including proposed Regulator rules and proposed Transitional rules.

Prudential standard CPS 230 Operational Risk Management provides a foundation for APRA-regulated entities to better manage operational risks and respond to business disruptions. The new standard will commence from 1 July 2025.