CPS 230 is a compulsory prudential standard issued by the Australian Prudential Regulatory Authority (APRA) which will come into effect on 1 July 2025. … [Read more...] about Wotton Kearney – What is CPS 230
Sparke Helmore: Regulatory spotlight turns to delegated authorities – CPS230, DDO and beyond. 29 January 2025
With the imminent commencement of CPS230 for the insurance market in July 2025 and the heightened focus of the regulators on third party insurance distribution arrangements (from ASIC’s focus on end-to-end product governance under the DDO and cyber risk management to APRA’s pursuit of capital … [Read more...] about Sparke Helmore: Regulatory spotlight turns to delegated authorities – CPS230, DDO and beyond. 29 January 2025
Curium
Insurance Compliance - July 2024 Understanding the impacts of APRA Prudential Standard CPS 230 (Operational Risk Management) … [Read more...] about Curium
Compliance Advocacy Solutions
APRA's focus on insurers use of Underwriting Agencies (CPS 230) In a speech to the ICA Annual Conference in Brisbane on 16th October, APRA Executive Board member, Suzanne Smith said, 'a focus for APRA over the coming year: [is] the risk associated with outsourced underwriting to … [Read more...] about Compliance Advocacy Solutions
With deep sadness …
It is a sombre time for our underwriting community. We are incredibly sad to share that our former Chair of the Board, and Managing Director of Lion Underwriting, Kurt Nilsen, has passed away after a short battle with cancer. He was far too young to be taken from this world, aged just 52. Kurt … [Read more...] about With deep sadness …
DUAL harnesses the collective power of its global underwriting operations under one unified brand
DUAL unveils bold new brand reflecting growth and market leadership DUAL Group, one of the world’s largest managing general agents (MGAs) with US$3.5bn GWP, has unveiled its distinctive new brand. This marks a significant milestone in DUAL’s extraordinary journey since 1998, reflecting its unique … [Read more...] about DUAL harnesses the collective power of its global underwriting operations under one unified brand
February Member EDM
UAC Five Sigma AI 2025 Market Exchange Wow! What an amazing start to the UAC Market Exchanges in 2025. With 156 exhibitors and over 550 brokers registered to attend, this event truly highlighted the strength and collaboration within our industry. We were especially pleased to welcome 13 first-time … [Read more...] about February Member EDM
Five Sigma Claims Management for the AI Era
The insurance industry is grappling with escalating customer demands. Claim executives face the daunting task of boosting operational efficiency while relying on outdated legacy systems and manual processes. This results in escalating complexity and costs, leaving adjusters overwhelmed and customers … [Read more...] about Five Sigma Claims Management for the AI Era