NOL: Response to APRA notification

NOBLEOAK LIFE LIMITED

• NobleOak has received a notification from APRA regarding inconsistencies in the calculation and reporting of reinsurance asset exposures.
• The company is already undertaking actions to manage its reinsurance arrangements, which APRA considers a credible plan.
• APRA confirms there is no immediate risk to members or policyholders, and supports the actions NobleOak is taking to address the issue.

2023-03-31 08:50:00