CPS 230

APRA urges insurers to improve governance and claims management ahead of regulatory changes

March 21 2025

CPS 230 and FAR are set to reshape risk oversight, while Cyclone Alfred tests claims handling.

APRA warns on the risk from outsourced underwriting

October 17 2024

Australian regulators are introducing the Financial Accountability Regime (FAR) and CPS 230 in 2025.

apra-outlines-plan-to-close-australias-household-insurance-protection-gap

APRA outlines plan to help close Australia’s household insurance protection gap

August 28 2024

In its 2024-2025 corporate plan, the regulator emphasises the need for collaboration to improve affordability and strengthen the insurance industry’s resilience.

APRA finalises guidance for upcoming op risk standard, CPS 230

June 13 2024

Regulator releases final cross-industry guidance to aid in the implementation of CPS 230, which will take effect from 1 July 2025.

CPS 230 means increasing focus on cyber risk for Australian insurers

February 8 2024

Insurers will need to focus on fourth and fifth party outsourcing as part of the new APRA standard.

A man is standing on top of a stack of dominoes.

Australian insurers urged to prepare for CPS 230 standards amid increased cyber threats

August 23 2023

In a speech delivered August 23rd, APRA Board Member Therese McCarthy Hockey underlined the importance of the upcoming operational risk standards.

Australian regulator finalises new prudential standard to strengthen op risk safety net

July 17 2023

CPS 230 applies to insurers, banks, and supers and APRA confirmed it's set to be operational from July 1st, 2025.

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CPS 230