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APRA releases intermediated general insurance statistics for December 2018

Tuesday 5 March 2019

The Australian Prudential Regulation Authority (APRA) has released its half yearly Intermediated General Insurance Statistics publication for December 2018.

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:

  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

Statistics

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.