covid 19
Introduction from Renée Roberts
… entities have responded well to the impacts of COVID-19, and Australia’s financial system remains in sound … are protected. With our policy agenda now out of the COVID-related deep freeze, we are once again focused on … loan repayment deferrals granted to borrowers impacted by COVID-19. We examine the importance of a good skills matrix …
APRA releases quarterly general insurance statistics for June 2020
… investment income mainly from the negative impact of the COVID-19 pandemic on investments markets in the March … pronounced in the March quarter with the impact of COVID-19 on investment markets. Industry performance since the onset of COVID-19 has been an industry profit of $1.0 billion in the …
APRA announces new commencement dates for prudential and reporting standards
… planned policy and supervision initiatives in response to COVID-19. At the time, APRA foreshadowed it would also … their time and resources on dealing with the impact of COVID-19. The affected standards and their revised … April 2020) < https://www.bis.org/press/p200403a.htm >. COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
APRA rescinds information paper on cloud outsourcing and ceases ad hoc credit reporting collection
… Second, APRA has today ceased the collection of “ARF 923.0 Covid-19 Capital and Credit” with the last submission being … of measures to help banks support customers impacted by COVID-19. The decision was part of APRA’s regular review of …
APRA releases quarterly private health insurance statistics for December 2022
… in order to fulfil their commitments not to profit from COVID-19. Claims costs increased over the period by 1.6 per cent, largely due to the easing of COVID-19 related restrictions in private hospitals throughout …
APRA issues letter to ADIs on resuming consultation on confidentiality of data
… This consultation was paused in response to COVID-19. The consultation letter is available on the APRA …
Quarterly Statement by the Council of Financial Regulators
… Council of Financial Regulators, COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
APRA releases its policy and supervision priorities for 2021
… 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. APRA’s key policy priorities include: finalising … “Given the continued uncertainly generated by COVID-19, APRA’s proposed policy and supervision agenda for …
The superannuation Early Release Scheme: Insights from APRA’s Pandemic Data Collection
… Insights from APRA’s Pandemic Data Collection While COVID-19 continues to have a significant impact on our … investment options. To better understand the impact of COVID-19 on superannuation funds and their members in this … APRA – in collaboration with ASIC – launched the COVID-19 Pandemic Data Collection ( PDC ) in June. Data was …
APRA adjusts bank capital expectations
… in 2017 during the period of disruption caused by COVID-19. APRA Chair Wayne Byres said: “APRA has been … above minimum regulatory requirements,” Mr Byres said. COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
Confidentiality of general insurance and life insurance data
… an adapted 2020 agenda in response to the impact of COVID-19. As a result, this consultation was suspended until … this consultation. Given the disruption related to COVID-19 we have extended the consultation period for a …
Capital management
… As the industry moves beyond the initial phase of the COVID-19 response, APRA is today providing updated guidance … over the depth and duration of the economic impact from COVID-19, APRA’s objective has been to test the industry’s … their risk appetite given the severity of the scenario. COVID-19 …
APRA releases updated schedule of policy priorities for 2021
… key policy reforms, as well as managing the impacts of COVID-19. The letter outlining APRA’s updated policy …
APRA resumes consultation period on data confidentiality for general and life insurers
… on 23 March this year in response to the impact of COVID-19. The consultation resumes today and will last for …
APRA releases general insurance statistics for June 2021
… underwriting results were constrained by provisioning for COVID-19 related Business Interruption (BI) claims, and large … although increasing, continuing to be lower than pre-COVID-19 levels. The industry PCA coverage ratio increased …
APRA launches review of insurance risk management frameworks
… Lockdowns and other restrictions associated with COVID-19 have triggered a spate of potential BI claims, with … this. Although the legal disputes around BI cover for some COVID-19 claims have yet to be fully resolved, the fact that …
APRA Insight - Issue Four 2020
… Scheme: Insights from APRA’s Pandemic Data Collection The COVID-19 Pandemic Data Collection was launched in June, and … repayment deferral data: Shining a light on credit risk COVID-19 has seen banks grant temporary loan repayment …
APRA releases quarterly private health insurance statistics for September 2021
… Claims growth remained lower than previous years due to COVID-19 restrictions and lockdowns, but increased relative … gross margins for the year and net margins returned to pre-COVID levels. Investment earnings increased materially in the …
APRA 2020-2024 Corporate Plan
… been updated to account for the substantial impact of the COVID-19 pandemic. APRA’s Corporate Plan continues to be …
APRA releases quarterly private health insurance statistics for June 2022
… driven by a combination of modest claims experience due to COVID-19 related restrictions and movements in insurers’ … to fulfil their commitments not to profit from COVID-19. Premium revenue increased 3.5 per cent over the …