APRA grants new general insurance licence to PetSure
The Australian Prudential Regulation Authority (APRA) has granted PetSure (Australia) Pty Ltd a licence to operate as a general insurer (GI) under the Insurance Act 1973 (Act). APRA has also licensed PetSure Holdings Pty Ltd as a non-operating holding company (NOHC) under the Act.
An updated list of all APRA-authorised GIs 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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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.