The Australian Prudential Regulation Authority’s (APRA) reform of capital standards is gathering steam, with the regulator to meet industry figures next month.

APRA will host the Insurance Council of Australia (ICA) and the Investment and Financial Services Association (IFSA) to review the recently released discussion paper on improving capital standard consistency and risk-sensitivity across regulated industries.

Proposals include updated capital standards for both the general and life insurance industries, with APRA proposing to simplify the current dual reporting requirements for solvency and capital adequacy.

Executive Member John Trowbridge says APRA hasn’t “set out to achieve any material change in overall industry capital levels”.

“For general insurers, the benefits of this review also include more risk-sensitive capital standards, to the benefit of insurers with assets well matched to their liabilities and with well constructed reinsurance protection,” he said.

The seminar will take place at the Hilton Hotel in Sydney on June 30.