In December 2011, APRA released its second response paper to industry submissions on the proposed changes to capital requirements. The changes to the general insurance proposals were minor and the focus now clearly moves to implementation.
In this newsletter we:
- Outline the changes made to the proposed capital standards for general insurers
- Revisit our overall impact assessment
- Discuss the new ICAAP requirement, and how it might be used to implement the new capital standards.