covid 19
APRA releases quarterly private health insurance statistics for June 2021
… 30 June 2021. The ongoing uncertainty in relation to COVID-19 impacts on future claims, particularly given the … of the DCL. Industry’s commitment not to profit from COVID-19 has seen some PHIs announce their intention to … endorses the position that insurers should not profit from COVID-19 and notes that the method and timing of the return …
APRA publishes updated FAQ for ADIs on Coronavirus SME Guarantee Scheme and SME Recovery Loan Scheme
… The FAQ is available on the APRA website at: Banking COVID-19 frequently asked questions . COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
Opening Statement to the House of Representatives Standing Committee on Economics - October 2020
… in early 2020 to respond to the crisis created by COVID-19. It was, in many respects, a crisis on two fronts: … reset our priorities to reflect the environment created by COVID-19. Attached to this statement is an updated list of measures taken by APRA this year to respond to COVID-19. We also believe that it is now appropriate to …
APRA releases quarterly private health insurance statistics for December 2020
… health insurance industry. Year to December 2020 The COVID-19 driven operating environment had a material effect … previous 12 months reflecting the negative impacts of the COVID-19 driven market volatility in the earlier part of the … after tax $1.4 bn $0.6 bn -61.2% December 2020 Quarter The COVID-19 driven operating environment continued to impact …
APRA publishes new frequently asked question on the interaction between JobKeeper payments and ‘work test’ contributions
… Asked Questions - Superannuation trustees' response to COVID-19 . COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
APRA issues guidance to authorised deposit-taking institutions and insurers on capital management
… during the period of significant disruption caused by COVID-19. In a letter to ADIs, general insurers, life … is available on the APRA website at: Capital management . COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
APRA publishes weekly data on the superannuation early release scheme
… - 31 January 2021 are available on the APRA website at: COVID-19 Early Release Scheme . A text version of the … statistical data is available on the APRA website here . COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
Ceasing several ad hoc data collections
… deposit-taking institutions (ADIs). This includes several COVID-19-associated collections. APRA will continue to … APRA website at: Ceasing several ad hoc data collections . COVID-19, Data collection Media enquiries Contact APRA Media …
APRA to recommence prudential policy program and issuing of new licences
… and supervision initiatives in response to the impact of COVID-19. In April, the issuing of new licences was also … APRA published an ambitious policy agenda. The onset of COVID-19 necessitated the suspension of many of APRA’s policy … in light of the high level of uncertainty created by COVID-19, which would have created especially acute …
Opening Statement to the House of Representatives Standing Committee on Economics - August 2020
… the impact of the economic and social crisis created by COVID-19. Financial safety and resilience have become our … trying circumstances. Broadly speaking, since the onset of COVID-19, we have: reduced operational burden on the industry … a summary of all the actions taken in response to COVID-19. (A second attachment includes an update on the …
APRA and ACCC sign updated Memorandum of Understanding
… two agencies, who have worked closely together during the COVID-19 pandemic on issues including resolution planning and … for Australians, including ensuring the impacts of COVID-19 on the financial sector are managed in a pragmatic … Memoranda of understanding and letters of arrangement . COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
APRA postpones implementation of reporting standard on private health insurance reforms data collection
… (PHIs) to focus their resources on handling the impacts of COVID-19. Implementation of the new reporting standard, … implementation and further changes . Data collection, COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
APRA releases quarterly private health insurance statistics for March 2021
… concessions provided to policyholders in response to the COVID-19 pandemic. The industry reported higher investment … earnings in the year to 31 March 2021, following the COVID-19 induced shock to investment markets in the March … episodes declined in the quarter and remain below pre-COVID levels while the number of ancillary services at the …
Is IDII back on track?
… profit turnaround: bond yields, repricing and releases of COVID-19 reserves. Bond yields Chart 2: Australian Daily … impacting liabilities and therefore profits, such as COVID-19 reserve releases and repricing. The overall impact … over the long term than the pre-intervention products. COVID-19 reserves During the early stages of the pandemic, …
APRA updates guidance on capital management for banks and insurers
… institutions continue to manage the disruption caused by COVID-19. APRA’s updated guidance replaces its recommendation … economy and financial institutions are being impacted by COVID-19. On that basis, APRA believes that banks and … to regulatory concessions), greater financial impact from COVID-19, and restrictions on dividends from their New …
APRA Chair Wayne Byres - Remarks to the BCBS outreach meeting on operational resilience
… Print Email Some lessons on operational resilience from COVID-19 Good morning, good afternoon and good evening to … for. Against that backdrop, today’s event is very welcome. COVID-19 has been a very real test of banks’ operational … issue is the reliance on third party service providers. COVID 19 has highlighted vulnerabilities created by key …
APRA General Manager, Advice and Approvals, Peter Kohlhagen - Speech to 19th Annual Health Insurance Summit
… Print Email Health check: APRA's view of the impact of COVID-19 on private health insurers Good morning everyone, … industry over time and how that has evolved as a result of COVID-19. The private health insurance system is heavily … For people around the world, the emergence of COVID-19 has been a defining event and has divided our …
APRA's 2021 Supervision and Policy Priorities
… to prioritise activities to respond to the impacts of COVID-19. The agenda recommenced in late 2020 at the point … sector, able to support the recovery from the impacts of COVID-19. The complete media release related to these …
APRA releases general insurance statistics for March 2020
… falls in investment income mainly from the impacts of COVID-19. Another key driver of the decrease in underwriting … pronounced in the March quarter 2020 due to the impact of COVID-19 on the investment markets. Investment income fell … in the March quarter with the adverse impact of COVID-19 on the investment markets. Despite the impact of …
APRA releases latest biennial stakeholder survey
… banking, insurance and superannuation industries during COVID-19. APRA today released the findings of its biennial … effectively communicated its changing expectations during COVID-19, while 87 per cent agree that APRA’s policy … that we are doing and the actions we have taken during COVID-19. “The stakeholder survey also helps to identify …