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The consultation is part of the minor framework update process to ensure that clarifying and technical changes to the prudential framework are made in a timely manner.
APRA has registered St Andrew’s Australia Services Pty Ltd as a non-operating holding company of one registered life insurer under the Life Insurance Act 1995 and one authorised general insurer under Insurance Act 1973.
APRA’s Life Insurance Claims and Disputes Statistics publication presents the key industry and entity-level claims and disputes outcomes for 17 Australian life insurers writing direct business (i.e. excluding reinsurance).
APRA has proposed changes to the capital framework for banks in relation to hybrid instruments to simplify and improve the effectiveness of bank capital in a crisis.