Category Archives: Definition

Australian Prudential Regulation Authority (APRA)

The Australian Prudential Regulation Authority (APRA) is one of the four independent agencies monitoring the Australian financial system. The other three are the Reserve Bank of Australia (RBA), the Australian Securities and Investments Commission (ASIC)…

Obstacle collision avoidance system (OCAS)

Obstacle collision avoidance system (OCAS) is a safety system to avoid vehicular collisions or significantly reduce the consequent severities.

Insurance policy administration system

Insurance policy administration system covers the entire process chain right from issuing a policy to claim settlement.