General insurance intermediaries reporting framework
General insurance intermediaries are Australian financial services licensees that are authorised under the Corporations Act 2001 to deal in general insurance products. Refer to the letter (below) from the Australian Securities & Investments Commission for more information.
General insurance intermediaries are required, under Part 7.6B of the Corporations Regulations 2001, to provide data to APRA. These Regulations require general insurance intermediaries to provide data about their dealings in general insurance business, particularly their dealings with unauthorised foreign insurers (UFIs).
The data is defined in Form 701. Information on the reporting requirements for GI intermediaries, and guidance to help entities submit forms are provided in the links below: