APRA releases updated FAQs on general insurance and the Financial Claims Scheme
The Australian Prudential Regulation Authority (APRA) has published an updated set of frequently asked questions (FAQs) relating to the Financial Claims Scheme (FCS) for general insurance.
The new FAQs are available on the APRA website at: Frequently asked questions about general insurance and the Financial Claims Scheme.
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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.