APRA's new reporting standards for general insurance groups

/, Insurance News, Insurers/APRA's new reporting standards for general insurance groups

The Australian Prudential Regulation Authority (APRA) today released the final reporting standards that will apply to general insurance groups.

APRA Member John Trowbridge said: ‘The introduction of these reporting standards completes the new prudential framework for supervising general insurers that operate as part of a corporate group. APRA will now be better positioned to monitor the financial health of insurance groups that are domiciled in Australia.’

The requirements of the reporting standards will apply to all general insurance groups that have either an APRA-authorised general insurer or an APRA-authorised non-operating holding company (NOHC) as the parent entity of the group, and will take effect for the next reporting period.

Source APRA and the new reporting standards

Life Insurance quotes through Quotesonline is free

Your Life Insurance Quotes will come from a licensed Authorised Representative so you can compare products and features

Please note: Quotesonline Partners may offer you products from other insurers not listed above*The information provided by Quotesonline.com.au is indicative only and given in good faith by Quotesonline.com.au and our partners. All information is subject to change without notice.Please refer to Terms and Conditions of you insurance policy from the respective institution. Please also note Evitz “Quotesonline” does not have a Australian Financial Services License, but may gain commission from sales as a result of your insurance purchase. The information in this website is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product

The Quotesonline Team

Helping Australians with Insurance Quotes since 2002. Quotesonline is operated buy Insure 247, we are based on the Gold Coast in Australia Since 2002 we have assisted over 1 million Australians with their insurance requests

Call Now ButtonCall For Quotes