This Prudential Standard is designed to ensure that reinsurance arrangements of life companies are subject to minimum standards of independent oversight by APRA. To that end, it addresses the regular reporting of reinsurance arrangements to APRA, and APRA’s oversight of Referable Reinsurance Arrangements.

Prudential Standard LPS 220 Risk Management (LPS 220) sets out APRA’s requirements for life companies in relation to risk management. This prudential practice guide aims to assist life companies in complying with requirements in relation to operational risk and, more generally, to outline prudent practices in relation to operational risk management.   |  File type: PDF  |  File size: 87.67 KB