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APRA resumes consultation period on data confidentiality for general and life insurers

Thursday 5 November 2020

The Australian Prudential Regulation Authority (APRA) has announced the resumption of the consultation period for a proposal to determine all classes of business data for general insurance and all product group data for life insurance as non-confidential.

APRA suspended the consultation on 23 March this year in response to the impact of COVID-19. The consultation resumes today and will last for four weeks. Submissions on this proposal will close on 3 December 2020.

The original letter for this consultation can be found at: Confidentiality of general insurance and life insurance data.

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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, 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.