SYDNEY, Oct. 22 -- Australian Prudential Regulation Authority issued the following media release:
The Australian Prudential Regulation Authority (APRA) has released a response paper outlining refinements to its proposed updates to the general insurance reinsurance framework. The changes aim to facilitate easier access to different forms of reinsurance, including alternative arrangements like insurance-linked securities, while continuing to safeguard policyholder interests.
The paper addresses industry feedback and outlines APRA's revised approach, building on proposals from a consultation that commenced in November 2024.
The initiative is part of APRA's objective "getting the regulatory balance right", which means to promote financial sy...