APRA proposes prudential framework amendments to support Government’s cyclone and cyclone related flood damage reinsurance pool

The Australian Prudential Regulation Authority (APRA) has released a letter to general insurers on consequential amendments to the prudential framework to support the operation of the Government’s cyclone and cyclone related flood damage reinsurance pool.

The letter to industry and draft prudential standards are available on the APRA website at: Cyclone and cyclone related flood damage.

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