What governmental organisation regulates insurance companies' business practices?

Question

Quizplus · Accepted Answer

The Australian Prudential Regulation Authority (APRA) is the government organisation that regulates insurance companies' business practices in Australia. They are responsible for ensuring that insurance companies are financially sound and well-managed, and that they are operating in accordance with the law and industry standards. The APRA also provides oversight and supervision of the insurance industry to help protect consumers and maintain stability in the financial system.

What Governmental Organisation Regulates Insurance Companies' Business Practices