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Prudential map for private health insurance

The prudential framework currently in force for the private health insurance industry is summarised below in risk-based categories. This page is intended to clarify how the standards and guidance fit together.

The standards and practice guides are available here.

 

Last updated 27 June 2023

Governance

Topic

Title

Standard

Guidance

Board

Governance

CPS 510

HPG 510

Accountability

Fit and Proper

CPS 520

HPG 520

Actuarial

Actuarial

CPS 320

CPG 320

Audit

Audit 

HPS 310

-

Remuneration

Remuneration

CPS 511

CPG 511

Risk management

Topic

Title

Standard

Guidance

Risk Management

Risk Management

CPS 220

CPG 220

Operational Risk

Outsourcing

HPS 231

-

 

Information Security

CPS 234

CPG 234

 

Climate Change

-

CPG 229

Financial resilience

Topic

Title

Standard

Guidance

Capital

Capital Adequacy

HPS 110

-
 Capital Management (ICAAP)-GPG 110
 Solvency Standard

(to be revoked on 1 July 2023)
HPS 100-
 Capital Measurement HPS 112-
 Asset Risk ChargeHPS 114-
 Insurance Risk Charge HPS 115-
 Asset Concentration Risk Charge HPS 117-
 Operational Risk Charge HPS 118-
 Insurance Liability Valuation HPS 340-

Recovery and resolution

Topic

Title

Standard

Guidance

Resolution

Resolution Planning (2024)

CPS 900

CPG 900

Recovery

Recovery and Exit Planning

(2024)

CPS 190

CPG 190