The Australian Prudential Regulation Authority (“APRA”) has released a consultation package relating to refinements to the prudential and reporting framework for general insurance groups (“GI Level 2 groups”).  The package contains a discussion paper outlining the proposed changes as well as draft prudential standards and draft reporting forms and instructions.  The proposed refinements to prudential standards aim to address issues or gaps identified during implementation of the GI Level 2 group prudential framework in 2009, and to achieve better alignment with the Level 2 prudential framework for authorised deposit‑taking institutions. Consequential changes to the reporting standards aim to align aspects of GI Level 2 group reporting with the reporting framework for Level 1 general insurers and to provide some additional clarifications.