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0CIP Points

SNAPSHOT: CPS 230 and what service suppliers to the insurance industry need to know

30 Jan 2025 - Viewing time 2 minutes
APRA's Prudential Standard CPS 230, effective 1st July 2025, enhances operational risk management for insurers by replacing older standards. It mandates stricter governance, business continuity plans, and oversight of service providers. Watch the video to see how the standard aims to bolster resilience against disruptions while addressing compliance and technology risks, impacting the entire insurance ecosystem.
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