News and Publications

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.

APS 910 plays a key role in APRA’s crisis management framework as it requires locally-incorporated authorised deposit-taking institutions to be pre-positioned for the Financial Claims Scheme. APRA is proposing to remake APS 910 prior to the sunsetting date.

APRA has sought an injunction in the Federal Court of Australia to restrain an individual from engaging in unauthorised banking business and using the word “bank” without the appropriate licence.  

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.

The updated guidance is designed to assist trustees in meeting their obligations under the strengthened Prudential Standard SPS 530 Investment Governance (SPS 530), which came into force on 1 January 2023.