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APRA releases new quarterly general insurance institution-level statistics

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The Australian Prudential Regulation Authority (APRA) today released the first edition of its Quarterly General Insurance Institution-Level Statistics publication which includes individual insurer information about financial performance, financial position, capital adequacy and key ratios.

The Quarterly General Insurance Institution-Level Statistics publication is based on the latest quarterly data received by APRA, this differs to the existing General Insurance Institution-Level Statistics publication which includes audited annual data only.

The new publication follows a recent consultation  with the industry on proposals to publish additional general insurance data to improve the relevance of APRA’s statistics to users, and address feedback from stakeholder surveys and other consultations.

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $6 trillion in assets for Australian depositors, policyholders and superannuation fund members.