Prudential map for general insurance
The prudential framework currently in force for the general insurance industry is summarised below in risk-based categories. This page is intended to clarify how the standards and guidance fit together.
The standards and practice guides are available here.
Last updated 27 June 2023
Governance
Topic | Title | Standard | Guidance |
|---|---|---|---|
Board | Governance | CPS 510 | - |
Accountability | Fit and Proper | CPS 520 | GPG 520 |
Actuarial | Actuarial | CPS 320 | CPG 320 |
Audit | Audit | 3PS 310 | - |
Audit | GPS 310 | - | |
Remuneration | Remuneration | CPS 511 | CPG 511 |
Risk management
Topic | Title | Standard | Guidance |
|---|---|---|---|
Risk Management | Risk Management | CPS 220 | CPG 220 |
Credit Risk | Credit Risk | - | GPG 220 |
Aggregate Exposures | 3PS 221 | 3PG 221 | |
Intra-group Transactions | 3PS 222 | 3PG 222 | |
Insurance Risk | Insurance Risk | - | GPG 240 |
Reinsurance Management | GPS 230 | GPG 245 | |
Market Risk | Margining | CPS 226 | - |
Balance Sheet | - | GPG 250 | |
Operational Risk | Operational Risk | - | GPG 230 |
Outsourcing | CPS 231 | CPG 231 | |
| Custody Arrangements | - | GPG 232 |
| Business Continuity | CPS 232 | - |
| Pandemic Planning | - | CPG 233 |
| Information Security | CPS 234 | CPG 234 |
| Managing Data Risk | - | CPG 235 |
| Climate Change | - | CPG 229 |
Financial resilience
Topic | Title | Standard | Guidance |
|---|---|---|---|
Capital | Capital Adequacy | GPS 110 | - |
| Capital Management (ICAAP) | - | CPG 110 |
| Measurement of Capital | GPS 112 | - |
| Internal Model-based Method | GPS 113 | GPG 113 |
| Asset Risk Charge | GPS 114 | - |
| Insurance Risk Charge | GPS 115 | - |
| Insurance Concentration Risk Charge | GPS 116 | GPG 116 |
| Asset Concentration Risk Charge | GPS 117 | - |
| Operational Risk Charge | GPS 118 | - |
| Assets in Australia | GPS 120 | - |
Liquidity | Insurance Liability Valuation | GPS 340 | - |
Recovery and resolution
Topic | Title | Standard | Guidance |
|---|---|---|---|
Resolution | Resolution Planning (2024) | CPS 900 | CPG 900 |
Recovery | Recovery and Exit Planning | CPS 190 | CPG 190 |
Transfers | GPS 410 | - |