Aussie insurers face new risk-based capital requirements
New explicit requirement for operational risk capital proposed for life and general insurance firms in Australia.
The Australian Prudential Regulation Authority (Apra) has unveiled technical guidance for life and general insurers to comply with a new risk-based capital regime, which includes an explicit requirement for an operational risk capital charge.
A discussion paper, Review of capital standards for general insurers and life insurers, issued on May 13 reads: "Recent international and Australian
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