APRA supervises general insurers under the Insurance Act 1973. The information on this section of APRA's website is provided to assist general insurers to comply with applicable requirements and the general public to access relevant information about general insurers.
The following links provide information relevant to General Insurers:
Authorisation - These guidelines apply to applicants seeking an authority to carry on insurance business in Australia under the Insurance Act.
Breach reporting - Information relating to notifying APRA of breaches of prudential requirements for General Insurers.
Consultation packages: Proposals released by APRA for consultation where submissions and responses are invited from industry. Consultation packages can include letters, discussion papers, response papers, draft guidance material and other draft information.
Financial Claims Scheme (FCS): Information about the deposit guarantee.
Industry fees and levies: Determinations for General Insurance levy imposition.
National Claims and Policies Database: Provides a better understanding of Public and products liability insurance and Professional indemnity insurance.
Prudential Framework: Information for General Insurers in order to meet APRA's prudential requirements. Includes links to legislation, prudential standards and guidance notes, prudential practice guides and other guidance.
Register of General Insurers: Register of corporations that are regulated by APRA under the Insurance Act 1973.
Reporting Framework: Under the Financial Sector (Collection of Data) Act 2001 and its reporting standards, General Insurers are required to provide data to APRA. Includes links to reporting standards, forms and instructions.
Risk assessment and supervisory response tools:
Statistical publications: APRA publishes a suite of 14 statistical publications across all industries. These provide regular updates on the financial performance of APRA-regulated industries and individual entities. General Insurance statisticals publications include, General Insurance Company Level Statistics and Quarterly General Insurance Performance Statistics.
Unauthorised foreign insurers (formerly DOFIs): ‘Unauthorised foreign insurer’ are not authorised as general insurers.
Useful information for General Insurers: Letters, notes from APRA, articles, papers and other advices.