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Australia limits use of offshore life reinsurance
08 March 2022Apra says finalising the rule change will strengthen its oversight of the life insurance sector
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Australian regulator rejects internal models in revised capital framework
13 December 2021Revision prompted by introduction of AASB 17 accounting standard
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Australia reveals laws for property reinsurance pool
06 December 2021Government will backstop natural catastrophe cover with A$10bn
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Apra publishes final climate guide for insurers
30 November 2021The guide does not impose any new regulatory requirements or obligations
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Resolution Life pays A$524m for outstanding stake in AMP Life
03 November 2021Taking full ownership comes 16 months after its partial purchase
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Storms trigger Australian catastrophe amid calls for relaxing Covid bans
01 November 2021The ICA said around 36,000 claims had been lodged so far
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Australian BI fallout: Insurers slammed for weak risk management
13 October 2021The country's regulator warns the non-life industry "cannot have repeat of the BI issues"
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Australian regulator criticises immature recovery plans
03 August 2021Most life insurers chose to inject capital to tackle stressed scenarios
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Australian BI insurers must report failings in risk management frameworks
19 July 2021Business interruption claims arising from Covid-19 surprised underwriters
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Consider ditching high climate-risk clients, Apra tells insurers
22 April 2021Scenario testing should include temperatures rises exceeding 4°C