Australia: APRA Enhances Prudential Framework for Life Insurers

Corporate Risk and Insurance Update
Last Updated: 8 March 2010
Article by Greg Moss and Ray Giblett

Four new prudential standards were released on 4 March 2010 (the Standards), taking effect from 1 July 2010.

Amendments

The Standards amend (albeit only slightly) the draft standards proposed by the Australian Prudential Regulation Authority (APRA) in May 2009. APRA also released a response paper in respect of submissions received in the interim.

The revised Standards are:

Authors
 
Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Up-coming Events Search
Tools
Print
Font Size:
Translation
Channels
Mondaq on Twitter