Tue, May 23|
Reg360 APRA reporting demonstration - Insurance
Time & Location
May 23, 2023, 12:00 PM – 12:45 PM
About the Event
In the Insurance industry, APRA reporting has been subject to significant overhaul, most notably with the finalised changes to the capital and reporting frameworks for insurance in response to the introduction of the new accounting standard (AASB 17) and the move to APRA Connect. With more change on the horizon, the end of best-endeavours reporting, heightened expectations for data quality, governance and controls and audit requirements; now is the right time to implement a fit for purpose technology solution to deliver sustainable, scalable and efficient reporting.
In this demonstration, we will provide an overview of the Reg360 platform. Reg360 delivers a central system-of-record for enterprise reporting. It includes out-of-the-box reports for all APRA returns including all APRA-specific validation rules and electronic submission formats for both D2A and APRA Connect. Reg360 reporting hub enables team collaboration, data and report lifecycle management, integrated lineage and controls, traceability for regulatory reporting and enterprise analytics. Designed, built and supported in Australia, by APRA experts, Reg360 has become the platform of choice for all entities involved in the APRA reporting process in insurance, superannuation, and banking.
Demonstration areas of focus:
- How to efficiently orchestrate the data and reports coming from various sources, such as finance, custodian, administrator, trustee, insurer
- How central version management, controlled adjustments, on-screen validations, variance analysis and drill-down removes friction across the report preparation and review process
- Row level validation - delivering fully validated APRA Connect forms in minutes
- Integrated Review, Sign-off, Attestation
- Auditability & Controls