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April 2012

Refinements to the prudential framework for general insurance groups

This page contains consultation material on the proposed refinements to the prudential and reporting framework for the supervision of general insurance

April 2012

December 2011

Final prudential and reporting standards 

Prudential standards effective from 1 December 2011.

 

These reporting standards are effective for reporting periods beginning on or after 1 July 2011.

The mark-up in these reporting forms and instructions highlights the changes that will take effect for reporting periods beginning on or after 1 July 2011.

Form name

Forms

Instructions

GRF 110.0_G Minimum Capital Requirement (Level 2 Insurance Group) No change
GRF 120.0_G Determination of Capital Base (Level 2 Insurance Group)
GRF 131.0_G Off Balance Sheet Exposure Risk Charge (Level 2 Insurance Group) No change No change
GRF 141.0_G Listed Equity Holdings and Risk Charge (Level 2 Insurance Group) No change No change
GRF 150.0_G Asset Exposure Concentrations and Risk Charge (Level 2 Insurance Group) No change No change
GRF 210.0A_G Outstanding Claims Liability - Insurance Risk Charge – Australia by class of business (Level 2 Insurance Group)
GRF 210.0B_G Outstanding Claims Liability - Insurance Risk Charge – Australia by region (Level 2 Insurance Group)
GRF 210.1A_G Premiums Liabilities - Insurance Risk Charge – Australia by class of business (Level 2 Insurance Group)
GRF 210.1B_G Premiums Liabilities - Insurance Risk Charge – Australia by region (Level 2 Insurance Group)
GRF 300.0_G Statement of Financial Position (Level 2 Insurance Group)
GRF 301.0_G Reinsurance Assets and Risk Charge (Level 2 Insurance Group)
GRF 302.0_G Statement of Financial Position by Region (Level 2 Insurance Group)
GRF 310.0_G Income Statement (Level 2 Insurance Group)
GRF 450.0_G Interest in Controlled Entities, Associates and Joint Ventures (Level 2 Insurance Group) No change No change

October 2011

May 2011 

     Discussion paper

Draft Prudential Standards

There are no changes to GPS 221 Risk Management: Level 2 Insurance Groups.

Draft Reporting forms and instructions

Form name Form Instructions
GRF 110.0_G Minimum Capital Requirement
(Level 2 Insurance Group)
No change
GRF 120.0_G Determination of Capital Base
(Level 2 Insurance Group)
GRF 131.0_G Off Balance Sheet Exposure Risk Charge 
(Level 2 Insurance Group)
No change No change
GRF 141.0_G Listed Equity Holdings and Risk Charge
(Level 2 Insurance Group)
No change No change
GRF 150.0_G Asset Exposure Concentrations and Risk Charge (Level 2 Insurance Group) No change No change
GRF 210.0A_G Outstanding Claims Liability - Insurance Risk Charge – Australia by class of business
(Level 2 Insurance Group)
GRF 210.0B_G Outstanding Claims Liability - Insurance Risk Charge – Australia by region
(Level 2 Insurance Group)
GRF 210.1A_G Premiums Liabilities - Insurance Risk Charge – Australia by class of business
(Level 2 Insurance Group)
GRF 210.1B_G Premiums Liabilities - Insurance Risk Charge – Australia by region
(Level 2 Insurance Group)
GRF 300.0_G Statement of Financial Position
(Level 2 Insurance Group)
GRF 301.0_G Reinsurance Assets and Risk Charge
(Level 2 Insurance Group)
GRF 302.0_G Statement of Financial Position by Region (Level 2 Insurance Group)
GRF 310.0_G Income Statement
(Level 2 Insurance Group)
GRF 450.0_G Interest in Controlled Entities, Associates and Joint Ventures
(Level 2 Insurance Group)
 No change  No change

 

 

 

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