In one of the major milestones of the review of Capital Standards for Australian insurers, this week APRA released many of the final Standards, with some further draft changes to other Standards that will also because of the review. Most of the changes had been foreshadowed as part of theContinue Reading
Warning: technical actuarial post ahead! This is a guest post from my colleague, Michael Dermody. On Friday, APRA issued a letter to all CEOs and Appointed Actuaries of life insurers detailed its proposal for calculating the illiquidity premium in the discount rate for certain liabilities as part of the Life InsuranceContinue Reading
Regulatory change is a constant in most financial services areas these days. Insurance in Australia is no different. APRA is in the middle of a major upgrade to the regulatory capital regime for life and general insurers, which is due to start from 1 January 2013. So far, most ofContinue Reading
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