Determinations made under previous prudential standards

22. An exercise of APRA’s discretion under a previous version of this Prudential Standard does not continue to have effect under this Prudential Standard. For the purposes of this paragraph, ‘a previous version of this Prudential Standard’ includes:

(a) Prudential Standard GPS 115 Capital Adequacy: Insurance Risk Capital Charge (GPS 115) made on 18 June 2010;

(b) GPS 115 made on 23 June 2008;

(c) Prudential Standard GPS 111 Capital Adequacy: Level 2 Insurance Groups (GPS 111) made on 23 September 2011; and

(d) GPS 111 made on 17 December 2008.

Attachment A

Table 1: Direct insurance business

Table 2: Inwards reinsurance business

<table cellspacing="0" cellpadding="0" style="width:440.2pt; border:0.75pt solid #000000; border-collapse:collapse"><tbody><tr><td style="width:47.35pt; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span style="font-weight:bold">Category</span></p></td><td style="width:136.6pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span style="font-weight:bold">Class of </span><span style="font-weight:bold">b</span><span style="font-weight:bold">usiness</span></p></td><td style="width:67.15pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span style="font-weight:bold">Reinsurance type</span></p></td><td style="width:64.05pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span style="font-weight:bold">Outstanding </span><span style="font-weight:bold">Claims Risk Capital Factor</span></p><p style="text-align:center"><span style="font-weight:bold">(%)</span></p></td><td style="width:70.3pt; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span style="font-weight:bold">Premiums </span><span style="font-weight:bold">L</span><span style="font-weight:bold">iabilit</span><span style="font-weight:bold">y</span><span style="font-weight:bold"> Risk Capital Factor</span></p><p style="text-align:center"><span style="font-weight:bold">(%)</span></p></td></tr><tr style="height:5.65pt"><td rowspan="2" style="width:47.35pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>A</span></p></td><td rowspan="2" style="width:136.6pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p><span>Householders</span></p><p><span>Commercial Motor</span></p><p><span>Domestic Motor</span></p></td><td style="width:67.15pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p><span>Proportional</span></p><p><span></span></p></td><td style="width:64.05pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>10.0</span></p></td><td style="width:70.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>15.0</span></p></td></tr><tr style="height:5.6pt"><td style="width:67.15pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p><span>Non-proportional</span></p><p><span></span></p></td><td style="width:64.05pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>12.0</span></p></td><td style="width:70.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>18.0</span></p></td></tr><tr style="height:5.65pt"><td rowspan="2" style="width:47.35pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>B</span></p></td><td rowspan="2" style="width:136.6pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p><span>Travel</span></p><p><span>Fire </span><span>and</span><span> ISR</span></p><p><span>Marine</span><span> and </span><span>Aviation</span></p><p><span>Consumer Credit</span></p><p><span>Other </span><span>A</span><span>ccident</span></p></td><td style="width:67.15pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p><span>Proportional</span></p><p><span></span></p></td><td style="width:64.05pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>12.0</span></p></td><td style="width:70.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>18.0</span></p></td></tr><tr style="height:5.6pt"><td style="width:67.15pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p><span>Non-proportional</span></p></td><td style="width:64.05pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>14.0</span></p></td><td style="width:70.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>21.0</span></p></td></tr><tr style="height:5.65pt"><td rowspan="2" style="width:47.35pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>C</span></p></td><td rowspan="2" style="width:136.6pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p><span>Mortgage</span></p><p><span>CTP</span></p><p><span>Public and </span><span>P</span><span>roduct </span><span>L</span><span>iability</span></p><p><span>Professional </span><span>I</span><span>ndemnity</span></p><p><span>Employers</span><span>’</span><span> </span><span>L</span><span>iability</span></p></td><td style="width:67.15pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p><span>Proportional</span></p><p><span></span></p></td><td style="width:64.05pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>15.0</span></p></td><td style="width:70.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>22.5</span></p></td></tr><tr style="height:5.6pt"><td style="width:67.15pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p><span>Non-proportional</span></p><p><span></span></p></td><td style="width:64.05pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>17.0</span></p></td><td style="width:70.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>25.5</span></p></td></tr></tbody></table>