The assessment explores how a changing climate could affect home insurance affordability in Australia and the insurance protection gap over coming decades. Under both scenarios projected out to 2050, it found that climate-driven pressures on insurance premiums could significantly widen the nation’s insurance protection gap, thereby increasing financial risks to the system.

In its role as an independent statutory authority that supervises institutions across banking, insurance and superannuation, APRA undertakes biennial stakeholder surveys of its regulated-entities to help assess its performance and effectiveness.

The Financial Regulator Assessment Authority (FRAA) has developed the metrics framework to enhance its ability to assess the effectiveness and capability of the Australian Prudential Regulation Authority (APRA) and Australian Securities and Investments Commission (ASIC).

The Australian Prudential Regulation Authority’s purpose is to ensure Australians’ financial interests are protected and the financial system is stable, competitive, and efficient. This audit provides the Parliament with independent assurance regarding probity management at the APRA.

APRA is supporting the Australian government in implementing the 'Your Future, Your Super' measures. The focus of this paper is on APRA’s approach to administering the performance test, where APRA has flexibility in administering the performance test, and APRA’s approach to providing investment performance data to the Australian Taxation Office for inclusion in the comparison...