The Australian Prudential Regulation Authority (APRA) today released a discussion paper on proposed changes to its general insurance statistical publications.
APRA proposes to publish more general insurance statistics, including data recently determined non-confidential. In doing so, APRA intends to improve the relevance of APRA’s statistics to users, and address feedback in stakeholder surveys and other formal and informal consultations.
In particular, APRA proposes to:
- publish more industry-level statistics each quarter;
- modernise the segmentation of industry-level statistics;
- publish more institution-level statistics each quarter and annually; and
- publish new industry-level claims development statistics by class of business
All the proposals are based on data already reported to APRA by general insurers.
The discussion paper provides insurers and other interested parties with the opportunity to provide feedback and suggestions on APRA’s proposed changes to general insurance statistical publications.
Submissions on the proposed statistics are due by 29 July 2016 and should be sent via e-mail to email@example.com.
The discussion paper relating to the general insurance industry is available on the APRA website.