The Australian Prudential Regulation Authority (APRA), Australia's insurance regulator, 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 of “getting the regulatory balance right”, which aims to promote financial system safety and stability in an efficient way.
The response paper can be accessed here.