APRA increased IAG capital ($250M, 2023)
capital directive9 Nov 2023
Respondent
Insurance Australia Group Limited
Facts
APRA imposed $250M additional capital following Royal Commission + risk culture concerns at IAG.
Outcome
Capital remains until remediation roadmap completed to APRA satisfaction.
Read the source
https://apra.gov.au/news-and-publications/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.