APRA’s publishes letter to support the implementation of the new PHI capital framework

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The Australian Prudency successfully Andrews system

Here is a summary of the Australian information.

This document indicates that the Australian Prudential Regulation Authority (APRA) has issued a regulatory and informative letter to the insurance, which will.

The document highlights that APRA has introduced a new capital reporting framework for insurance companies.

From July 1, 2023, APRA will require insurance companies to submit information on their capital levels, which is expected to enhance capital management practices across the insurance industries improving capital near the industry.