Pages - APRA releases final prudential practice guide on group insurance arrangements

The Australian Prudential Regulation Authority (APRA) today released a prudential practice guide that provides guidance on good practices for insurers in relation to group insurance arrangements. Prudential Practice Guide LPG 270 Group Insurance Arrangements (LPG 270) outlines prudent practices in relation to group insurance arrangements with a focus on life insurance provided to Registrable Superannuation Entity (RSE) licensees. The release of this prudential practice guide reflects APRA's heightened focus on group insurance and forms part of APRA's response to issues in both the superannuation and life industries,' Mr Laughlin said.

Source: http://media.australia.gov.au/notify/click.cgi?url=http%3A%2F%2Fwww.apra.gov.au%2Fmediareleases%2Fpages%2F14_21.aspx&collection=releases&rank=4&auth=Y6t%2FArr4xRHI58AW%2BnkkUQ

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