Data from APRA show costs for public liability and professional indemnity premiums are skyrocketing, however a change in accounting methods could be a factor.
Rowell reflected fondly on her 21-year tenure at the regulator and highlighted key challenges the industry is currently facing which include cyber and the importance of diversity, equity and inclusion...
The proposed changes relate to internal capital adequacy assessment and actuarial matters, but are technical clarifications and do not present a material change in policy.
In the wake of major data breaches, Australia is working with financial companies to simulate cyber-attack situations, actions that will potentially shape a new Cyber Security Act involving regulatory...
