The Australian Prudential Regulation Authority (APRA) has published a speech delivered this afternoon by Executive Director of Cross-industry Risk Chris Gower to the AFIA Risk Summit on the Gold Coast. In “Preparing for the long haul: operational resilience in a shifting geopolitical … [Read more...] about APRA publishes Executive Director Chris Gower’s speech on operational resilience
Chubb Navigating CPS 230: A New Era of Partnership and Resilience
CPS 230 signifies a pivotal transformation in Chubb's engagement with material third-party partners, particularly those with delegated underwriting, claims, and/or complaints handling authority. At Chubb, we view CPS 230 as an opportunity to enhance collaboration with our partners, including … [Read more...] about Chubb Navigating CPS 230: A New Era of Partnership and Resilience
Wotton Kearney – What is CPS 230
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