APRA releases intermediated general insurance statistics for December 2018
The Australian Prudential Regulation Authority (APRA) has released its half yearly Intermediated General Insurance Statistics publication for December 2018.
Key statistics from this publication are:
| Year to December 2017 | Year to December 2018 | Change | |
|---|---|---|---|
| Premium placed with APRA-authorised general insurers | $16,917 million | $18,288 million | +8.1% |
| Premium placed with Lloyd’s underwriters | $2,000 million | $2,447 million | +22.4% |
| Premium placed with UFIs | $1,068 million | $1,205 million | +12.8% |
| Of which: Fire and industrial special risks | $601 million | $682 million | +13.5% |
Copies of the December 2018 Intermediated General Insurance Statistics publication are available on APRA’s website at: https://www.apra.gov.au/publications/intermediated-general-insurance-statistics
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.