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Australian regulator flags higher capital requirements for health insurers

"The review may conclude that minimum regulatory capital requirements should be lifted to better reflect the risks faced by the industry," Geoff Summerhayes, a board member of the Australian Prudential Regulation Authority (APRA), said in a statement.
  • Published On Nov 16, 2018 at 05:45 PM IST
SYDNEY: Australia's prudential regulator said on Friday it would review whether private health insurers should set aside more capital to protect policy holders.

"The review may conclude that minimum regulatory capital requirements should be lifted to better reflect the risks faced by the industry," Geoff Summerhayes, a board member of the Australian Prudential Regulation Authority (APRA), said in a statement.

The regulator said it would soon begin consulting private health insurers and expected to release a discussion paper next year.
  • Published On Nov 16, 2018 at 05:45 PM IST
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