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APRA releases intermediated general insurance statistics for June 2016

Wednesday 7 September 2016

 

16.34

The Australian Prudential Regulation Authority (APRA) today released its Intermediated General Insurance Statistics publication for the six months to June 2016.

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 for the intermediated general insurance industry in the six months to June 2016:

  Six months to June 2015 Six months to June 2016 Change
Premium placed with APRA-authorised general insurers $7,435 million $7,419 million -0.2%
Premium placed with Lloyd’s underwriters $852 million $827 million -2.9%
Premium placed with UFIs $596 million $483 million -18.9%

Of which: Fire and industrial special risks

$374 million $281 million -24.8%

Of which: Professional Indemnity

$71 million $41 million -42.6%

Of which: Public and product liability

$14 million $13 million -0.3%

Refer to the June 2016 Intermediated General Insurance Statistics publication.

Statistics

Media enquiries

Contact Ben McLean, APRA Media Unit, on +61 2 9210 3024

All other enquiries

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, 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 $6.5 trillion in assets for Australian depositors, policyholders and superannuation fund members.