ComplianceOnline

APRA Prudential Standard GPS 230 Reinsurance Management

  • Date: June 28, 2013
  • Source: APRA
Abstract:

This Australian Prudential Standard aims at maintaining a specific reinsurance management framework to manage the risks arising from the regulated institution’s reinsurance arrangements. It applies to insurers and Level 2 insurance group. The ultimate responsibility for the reinsurance management framework of a general insurer rests with its Board of directors; and in the case of a Level 2 insurance group, with the Board of directors of its parent entity.

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