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corporate risk and insurance update

APRA keeps insurers on their toes:

Refinements to the prudential framework for general insurance discussion paper

By Greg Moss of Gadens Lawyers, Sydney

The Australian Prudential Regulation Authority (APRA) has released a discussion paper (the paper) entitled Refinements to the prudential framework for general insurance groups identifying a ‘small number of areas’ where the prudential and reporting framework for general insurance groups domiciled in Australia (Level 2 groups) require refinement.

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