covid 19
APRA releases general insurance statistics for December 2020
… quarter (predominantly due to increased provisions for COVID related BI claims, alongside storm events and long tail …
APRA targets underperformers with first full refresh of MySuper Product Heatmap
… heatmap. And despite an immensely challenging year with COVID-19, more than half of MySuper products exceeded our …
APRA takes next steps to expand its superannuation data collection
… under pressure from a range of challenges associated with COVID-19. However additional, high quality data that is …
Opening Statement to the House of Representatives Standing Committee on Economics - June 2020
… and capability. Given the economic environment related to COVID, APRA also has intensified supervision of all …
Opening Statement to House of Representatives Standing Committee on Economics - October 2022
… to the significant health and economic impact of the COVID-19 pandemic that dominated the year. In that report, we … by the Optus data breach – and the lingering impact of COVID-19 are creating volatility in financial markets, …
APRA releases quarterly authorised deposit-taking institution statistics for June 2020
… There is some degradation of asset quality as a result of COVID-19, although the full scale of this impact will only be …
Email: Update on APRA’s new data collection solution APRA Connect implementation approach & timeline - March 2020
… each industry. APRA notes that the developing outbreak of COVID-19 is creating considerable uncertainty and disruption …
APRA releases quarterly authorised deposit-taking institution statistics for March 2020
… early declines in capital and asset quality as a result of COVID-19, however the full scale of these impacts will only …
A conversation with new APRA Member Margaret Cole
… Regulatory Leader, based in Melbourne. That was before COVID. By the time I arrived in Australia in September 2020, … what do you miss about the UK? I’m loving Melbourne, but COVID has meant that we haven’t been able to travel as much … a time of significant legislative change and in the era of COVID-19 is a fairly risky venture. But I hope my past record …
APRA Chair Wayne Byres - Speech to the Committee for the Economic Development of Australia
… What’s been asked of us has only expanded. The onset of COVID-19, however, saw our priorities sharply narrow. We … in extreme weather events. After a year of not just COVID, but also devastating bushfires, storms and floods, the … I think this partly reflects the overwhelming nature of COVID-19, but also reflects that many banks, insurers and …
APRA Deputy Chair Helen Rowell - Speech to ASFA Conference
… of the policy and supervision agenda that was curtailed by COVID-19 last year. In the period ahead, we intend to … challenge – which will almost certainly be different to COVID-19. When thinking about diversity on boards, it is …
APRA urges greater focus on improving governance and strategic planning in super
… in response to heightened market vulnerability prompted by COVID-19, as well as increased member switching and the …
Annual update on APRA-ASIC engagement - December 2021
… consumers and support the economic recovery from the COVID-19 pandemic. For example, the agencies have: …
APRA releases life insurance statistics for March 2020
… a substantial collapse in investment revenue owing to the COVID-19 related volatility in investment markets. This was …
Updated MySuper Heatmap shows fee reductions for millions of members
… and operational costs funds have faced in relation to COVID-19. Furthermore, some funds and products have closed, …
APRA Chair Wayne Byres and Executive Director of Superannuation Suzanne Smith - Trans-Tasman Business Circle "Meet the regulators" event
… again. This event has been rescheduled a few times due to COVID-19. Thankfully, we can finally meet in person. But just … as the world appears to be pulling free from the grip of COVID, the Russian invasion of Ukraine has exacerbated a … asset valuation practices and transactions in the wake of COVID-inspired market volatility, which identified several …
Insurance risk self-assessment thematic review
… coverage issues that arose from lockdowns and other COVID-19 restrictions. The legal uncertainty as to whether … reasons had not adjusted their wordings by the time the COVID-19 pandemic had commenced. While this was an obvious … that, while they became aware of the problem once COVID-19 impacted Australia, the issue was given lower …
APRA releases quarterly authorised deposit-taking institution statistics for June 2021
… currently faced by the industry from the delta variant of COVID-19 and ongoing lockdowns. Government stimulus and …
APRA releases life insurance statistics for December 2022
… in bond yields, repricing activities and releases of COVID-19 reserves throughout the year. Individual lump sum …
Opening Statement to Senate Economics Legislation Committee - February 2022
… financial system has remained resilient throughout the COVID period, reflecting the underlying financial strength …