RAC Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/rac-insurance/ Wed, 01 Nov 2023 05:45:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 APRA applies US$12.7m capital requirement to RAC Insurance after governance review https://insuranceasianews.com/apra-hands-rac-insurance-an-additional-us11-7m-capital-requirement/ Wed, 01 Nov 2023 04:20:33 +0000 https://insuranceasianews.com/?p=137612 A review by the regulator revealed significant weaknesses in areas of outsourcing controls, conflict management and board decision making at the Western Australia motor insurer.

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The Australian Prudential Regulation Authority (APRA) has applied an additional A$20 million (US$12.7 million) capital requirement to RAC Insurance (RAC) following a governance prudential review. The ...

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The post APRA applies US$12.7m capital requirement to RAC Insurance after governance review appeared first on InsuranceAsia News.

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