Part of a series of appointments and an organisational revamp.
Parameters for effective value test left unchanged from consultation proposal
Australian regulator also asks insurers for AASB 17 preparation update
Coincides with further rules around managing illiquid assets
Going forward the insurer will report both an investor and a regulatory view of its SCR
Action follows Prudential Regulation Authority’s reforms on regulatory approach
Australian regulator outlines priorities in its 2019-2023 corporate plan
The amount is being imposed "due to heightened operational risk"
Falling risk-free rates and house prices dent solvency ratio
Subordinated liabilities and preference shares could count towards group own funds