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110

Capital Adequacy

HPS
110
HRS
110.0
Prudential Standards (1)
Status: In force
In effect from 1 July 2023
This Prudential Standard requires a private health insurer to maintain adequate capital against the risks associated with its activities. Some of the key requirements of this Prudential Standard are that a private health insurer must have an Internal Capital Adequacy Assessment Process; maintain required levels of capital within each of its funds and for the private health insurer; determine each fund’s prescribed capital amount; and to seek APRA’s approval for certain capital reductions.
Reporting Standards (1)
Status: In force
1 July 2023
This Reporting Standard sets out the requirements to provide information to APRA about a private health insurer’s prescribed capital amount. It includes associated specific instructions must be read in conjunction with Prudential Standard HPS 110 Capital Adequacy (HPS 110).