APRA releases general insurance statistics for December 2017
18.09
The Australian Prudential Regulation Authority (APRA) today released its Intermediated General Insurance Statistics publication for the six months to December 2017.
The Intermediated General Insurance Statistics publication provides an overview of intermediated general insurance placed with APRA-authorised general insurers, Lloyd's underwriters and unauthorised foreign insurers (UFIs). The statistical tables include detailed information about risks placed with UFIs.
Key statistics from this publication are:
| December 2016 | December 2017 | Change | |
|---|---|---|---|
| Premium placed with APRA-authorised general insurers | $15,604 million | $16,883 million | +8.2% |
| Premium placed with Lloyd's underwriters | $1,857 million | $1,999 million | +7.6% |
| Premium placed with UFIs | $1,071 million | $1,067 million | -0.4% |
| Of which: Fire and industrial special risks | $615 million | $600 million | -2.4% |
Refer to the December 2017 Intermediated General Insurance Statistics publication.
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Contact APRA Media Unit, on +61 2 9210 3636
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For more information contact APRA on 1300 558 849.
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.