Australian Prudential Regulation Authority

Today, APRA released a response paper outlining refinements to its proposed updates to the general insurance reinsurance framework. 💡Key insights: • Changes will make it easier for insurers to access alternative reinsurance arrangements, such as insurance-linked securities. • Safeguards remain in place to protect policyholder interests while enabling flexibility and innovation. This initiative reflects APRA’s commitment to support a resilient and adaptable insurance sector by balancing the protection provided by APRA’s capital settings with the risks, while enabling flexibility and innovation.   Industry feedback is invited by 30 January 2026. ️📄Read the full response paper: https://lnkd.in/eJaC6dAe #Insurance #Reinsurance #FinancialStability #RegulatoryReform #Innovation

Last week, APRA Deputy Chair Margaret Cole addressed the Financial Services Council’s Innovation in Retirement conference in Sydney, outlining APRA’s priorities for the superannuation industry as it navigates a state of change. In her remarks, Ms Cole highlighted three forces shaping the superannuation industry:   ·      Australia’s ageing population ·      Continued strong growth in superannuation assets ·      Super’s increasing significance to the broader financial system   She also underscored the importance of robust retirement income strategies, noting that:   💡“One in five funds have more than half of their members in or approaching retirement. Over the next 20 years, this is expected to rise to around two in five.” With retirement-phase assets projected to grow from $575 billion to $3 trillion over the next two decades, trustees will need to be prepared to manage the significant risks that this represents, including cyber, operational, investment and liquidity risks.   📄 Read the full speech: https://lnkd.in/eNffAgyX #RetirementOutcomes #FinancialStability #Superannuation #InnovationInRetirement

🛡️October is Cybersecurity Awareness Month – a timely reminder that cyber risk remains the top concern for Australia’s financial sector. At APRA, we’re focused on strengthening cyber resilience through our prudential standard CPS 234, working with industry to defend against evolving threats like ransomware and AI-driven attacks. Cybersecurity is everyone’s responsibility. This month, take a moment to review your practices – from multi-factor authentication to third-party risk management – and help keep systems and data safe. 🔗 Read more in our latest APRA Explains article: https://lnkd.in/ghitFfFM #CyberMonth2025 #CyberResilience #APRAExplains

Last week at the Insurance Council of Australia Annual Conference, APRA Member Suzanne Smith spoke about the future of insurance in Australia. Joined by ASIC Commissioner Alan Kirkland, Suzanne explored how the insurance industry can rise to meet the challenges of a risky and ever-evolving world. 📘Read the full speech: https://lnkd.in/gfHtaQD2 #Insurance #FinancialStability #RiskManagement #Innovation

Thank you to the Senate Economics Legislation Committee for the opportunity to appear at Estimates yesterday. Our opening statement to the Committee reaffirmed that Australia has a stable and safe financial system. It outlined some of APRA’s focuses across banking, superannuation and insurance, and our broad strategic objectives including: maintaining financial and operational resilience, addressing significant and emerging risks, and “getting the balance right”. 📌Read the full statement: https://lnkd.in/ejgHGY3q #SenateEstimates #Accountability #PrudentialRegulation #FinancialStability #Regulation #FinancialServices #Senate #EmergingRisks

Yesterday we released APRA’s 2024–25 Annual Report, following its tabling in Parliament. Our report details how APRA has continued to maintain the safety and stability of financial entities to ensure Australians’ financial interests are protected. 📘Read the report here https://lnkd.in/gBYhv2fc #AnnualReport #FinancialStability #Banking #Superannuation #Insurance #CyberResilience #FinancialServices #Regulation 

💡The Australian Prudential Regulation Authority (APRA) has released a new insights paper "Delivering member outcomes into the future" spotlighting key challenges facing some superannuation trustees in promoting long-term member outcomes. 📌The paper explores dynamics shaping the industry: • Industry consolidation • Recent system growth concentrated in the largest funds • Expense ratio trends and fund-level disparities • Differences in cash flow and rollover dynamics Deputy Chair Margaret Cole emphasises the need for credible strategic planning, especially for trustees facing unique pressures to address challenges in the best interests of their members. 📄Read the full insights paper on APRA’s website: https://lnkd.in/gYV3g3B2 #Superannuation #MemberOutcomes #FinancialServices #Governance #StrategicPlanning #RegulatoryInsights #InsightPaper #CyberResilience #RetirementPlanning

🌻 Today, APRA celebrated inclusion and awareness at our Healthy Conversations: Hidden Disabilities Sunflower Program launch. We learned about non-visible disabilities and how the Sunflower lanyard helps signal when someone may need additional support or understanding. 🙏 Thank you to everyone who participated and shared stories, helping to build APRA’s culture of respect and inclusion. Discover more about the Hidden Disabilities Sunflower by visiting this link https://lnkd.in/g-b_SiKP - A symbol for non-visible disabilities, also known as hidden disabilities or invisible disabilities. For further information regarding inclusion and diversity at APRA, please refer to the following webpage: https://lnkd.in/dZjFZMFV #Inclusion #Accessibility #HiddenDisabilities #SunflowerLanyard #Diversity #DEI #Support #Awareness

🌟 What makes APRA stand out as an employer? It’s not just what we do. It’s our purpose, our people, and our perspective. We’re united by a commitment to safeguard Australia’s financial system, powered by a collaborative and values-driven team. 🤝 📹 This short video highlights how our purpose, people, and perspective shape APRA’s culture and impact. Learn more about APRA: https://lnkd.in/gG6-JUSi #PurposePeoplePerspective #FinancialStability #PurposeDriven #IntegrityInAction #CollaborationCulture #FinancialServicesCareers #WorkWithImpact #GovernmentCareer 

“Getting the balance right” - a powerful message from APRA Member Therese McCarthy Hockey at FINSIA’s The Regulators event. Therese shared how APRA’s Corporate Plan has been influenced by the Three Ps: 🔹 Prudence - safeguarding trust and stability in uncertain times. 🔹 Productivity - enabling innovation and efficiency across the financial system. 🔹 Proportionality - tailoring regulation to reduce burden and support competition. From strengthened cyber security to streamlined governance standards, APRA is focused on protecting Australians’ financial futures while supporting a dynamic, resilient system. 📄 Read Therese's remarks in full: https://lnkd.in/gdNMFcYx #FinancialStability #RegulationWithPurpose #PrudenceProductivityProportionality #CPS230 #FINSIA2025 #LeadershipInFinance #TrustAndTransparency