Background
On 7 August 2025, APRA released a consultation paper on proposed non-confidentiality determinations for the general insurance (GI) and life insurance (LI) industries and updates to GI & LI statistical publications.
Following updates to its industry aggregate publications last year to reflect the new reporting framework under AASB 17 Insurance Contracts, APRA sought feedback on the content of the remaining GI and LI publications, and its proposal to determine certain GI and LI data to be non-confidential.
Submissions received
APRA received six submissions from insurers, industry bodies, and other interested parties, four of which were non-confidential.
The non-confidential submissions can be viewed on the consultation page.
Submissions generally supported the publication updates and non-confidentiality determinations proposed by APRA, although some concerns were raised.
Response to submissions
Data to be determined non-confidential
For LI, no comments were received regarding the non-confidentiality proposal.
For GI, concerns were raised over the commercially sensitive nature of some forms included in the non-confidentiality proposal. In response to specific concerns identified about the sensitivity of capital adjustments and counterparty grade data, reporting forms GRS 111.0, GRS 111.0.G, GRS 114.1 and GRS 114.1.G will not be deemed non‑confidential.
For the remaining items in the GI proposal, APRA will determine them to be non-confidential. In practice, this will enable APRA to continue to:
- for the entity-level publications – publish the same (or equivalent) data items as the previous iteration of the publications prior to the reporting changes.
- for the industry aggregate publications – publish the statistics with minimal redactions, ensuring the statistics are as complete and useful as possible.1
APRA reiterates that data items from a reporting form will not be published for individual insurers unless it is included in a publication labelled as “entity-level” in Attachment A, and that any future changes to the scope of published insurer-level data would involve consultation. In addition, APRA has strict procedures and processes in place when considering requests to release data and will continue to respect any potential commercial concerns relating to the data collected from insurers.
Attachment B contains the list of items from reporting documents that will be determined to be not confidential under section 57 of Australian Prudential Regulation Authority Act 1998.
Frequency of publication
For GI, some respondents raised concerns about the publication of quarterly financial performance and capital data, stating that quarterly results could be volatile and prone to misinterpretation by users.
In 2017, APRA commenced the Quarterly General Insurance Institution-level Statistics publication.2 APRA considers that continuing the existing publication in a like-for-like format does not introduce any significant additional detriment to insurers. Continuing the publication will also ensure the existing level of disclosure is maintained, which supports informed decision-making for industry participants such as regulated insurers, policymakers and market analysts.
The release of the statistics will be accompanied by the appropriate supporting documentation and metadata to guide users and help ensure the data is interpreted in the right context.
Next steps
APRA will formalise the non-confidentiality determination in mid-2026 and will release the first editions of the updated statistics thereafter.