Refinements to the prudential framework for general insurance groups
This page contains consultation material on the proposed refinements to the prudential and reporting framework for the supervision of general insurance
April 2012
December 2011
Final prudential and reporting standards
Prudential standards effective from 1 December 2011.
These reporting standards are effective for reporting periods beginning on or after 1 July 2011.
Reporting forms and instructions (marked-up versions)
The mark-up in these reporting forms and instructions highlights the changes that will take effect for reporting periods beginning on or after 1 July 2011.
Form name | Forms | Instructions |
|---|---|---|
| GRF 110.0_G Minimum Capital Requirement (Level 2 Insurance Group) | No change | |
| GRF 120.0_G Determination of Capital Base (Level 2 Insurance Group) | ||
| GRF 131.0_G Off Balance Sheet Exposure Risk Charge (Level 2 Insurance Group) | No change | No change |
| GRF 141.0_G Listed Equity Holdings and Risk Charge (Level 2 Insurance Group) | No change | No change |
| GRF 150.0_G Asset Exposure Concentrations and Risk Charge (Level 2 Insurance Group) | No change | No change |
| GRF 210.0A_G Outstanding Claims Liability - Insurance Risk Charge – Australia by class of business (Level 2 Insurance Group) | ||
| GRF 210.0B_G Outstanding Claims Liability - Insurance Risk Charge – Australia by region (Level 2 Insurance Group) | ||
| GRF 210.1A_G Premiums Liabilities - Insurance Risk Charge – Australia by class of business (Level 2 Insurance Group) | ||
| GRF 210.1B_G Premiums Liabilities - Insurance Risk Charge – Australia by region (Level 2 Insurance Group) | ||
| GRF 300.0_G Statement of Financial Position (Level 2 Insurance Group) | ||
| GRF 301.0_G Reinsurance Assets and Risk Charge (Level 2 Insurance Group) | ||
| GRF 302.0_G Statement of Financial Position by Region (Level 2 Insurance Group) | ||
| GRF 310.0_G Income Statement (Level 2 Insurance Group) | ||
| GRF 450.0_G Interest in Controlled Entities, Associates and Joint Ventures (Level 2 Insurance Group) | No change | No change |
October 2011
May 2011
Discussion paper
Draft Prudential Standards
There are no changes to GPS 221 Risk Management: Level 2 Insurance Groups.
Draft Reporting forms and instructions
| Form name | Form | Instructions |
|---|---|---|
| GRF 110.0_G Minimum Capital Requirement (Level 2 Insurance Group) | No change | |
| GRF 120.0_G Determination of Capital Base (Level 2 Insurance Group) | ||
| GRF 131.0_G Off Balance Sheet Exposure Risk Charge (Level 2 Insurance Group) | No change | No change |
| GRF 141.0_G Listed Equity Holdings and Risk Charge (Level 2 Insurance Group) | No change | No change |
| GRF 150.0_G Asset Exposure Concentrations and Risk Charge (Level 2 Insurance Group) | No change | No change |
| GRF 210.0A_G Outstanding Claims Liability - Insurance Risk Charge – Australia by class of business (Level 2 Insurance Group) | ||
| GRF 210.0B_G Outstanding Claims Liability - Insurance Risk Charge – Australia by region (Level 2 Insurance Group) | ||
| GRF 210.1A_G Premiums Liabilities - Insurance Risk Charge – Australia by class of business (Level 2 Insurance Group) | ||
| GRF 210.1B_G Premiums Liabilities - Insurance Risk Charge – Australia by region (Level 2 Insurance Group) | ||
| GRF 300.0_G Statement of Financial Position (Level 2 Insurance Group) | ||
| GRF 301.0_G Reinsurance Assets and Risk Charge (Level 2 Insurance Group) | ||
| GRF 302.0_G Statement of Financial Position by Region (Level 2 Insurance Group) | ||
| GRF 310.0_G Income Statement (Level 2 Insurance Group) | ||
| GRF 450.0_G Interest in Controlled Entities, Associates and Joint Ventures (Level 2 Insurance Group) | No change | No change |
Note on submissions
It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.
Submissions may be the subject of a request for access made under the Freedom of Information Act 1982 (FOIA). APRA will determine such requests, if any, in accordance with the provisions of the FOIA. Information in the submission about any APRA-regulated entity that is not in the public domain and that is identified as confidential will be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and will therefore be exempt from production under the FOIA.