Tag: Insurers

Gearing up for mission critical – APRA’s new expectations for insurers

The Australian Prudential Regulation Authority (APRA) has finalised Prudential Standard CPS 230 (Operational Risk Management) (CPS 230) following a year-long industry consultation. The new prudential standard commences on 1 July 2025 and applies to all APRA-regulated entities, encompassing banks, insurers (general, life and health) and registrable superannuation entity licensees. This article focuses on the implications … Continue Reading

Ten things to know about the governance and risk management framework for insurers in South Africa

The South African insurance regulator has published a governance and risk management framework for insurers. For a snapshot view, here are ten things to know about the new framework. The Governance and Risk Management Framework takes effect on 1 April 2015. A governance framework must be adopted by insurers to ensure the prudent management and … Continue Reading