Regulatory AlertsHPG 510 Governance Guidance for Private Health Insurers
The Australian Prudential Regulation Authority issued this Prudential Practice Guide to provide guidance to private health insurers on complying with Prudential Standard CPS 510 Governance. The document outlines prudent practices for establishing effective governance frameworks, including board responsibilities, independence, and the management of conflicts of interest. It further details specific requirements for board composition, tenure limits, performance assessments, and the establishment of mandatory risk, audit, and remuneration committees.
Share