APRA grants new general insurance licence to Ivory Insurance
The Australian Prudential Regulation Authority (APRA) has licensed Ivory Insurance Pty Ltd as a general insurer under the Insurance Act 1973 (the Act). APRA has also licensed Wood Insurance Holdings Pty Ltd as a non-operating holding company (NOHC) under the Act.
An updated list of all APRA-authorised general insurers and NOHCs can be found on the APRA website at Register of general insurance and Register of non-operating holding companies.
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For more information contact APRA on 1300 558 849.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.