Consultation on life insurance data transformation
October 2023
On 12 October 2023, APRA and the Australian Securities and Investments Commission (ASIC) released a joint discussion paper on their proposed enhancements to the life insurance data collections.
APRA and ASIC are seeking to jointly build a more granular data collection for the life insurance industry through the Insurance Data Transformation (IDT) project.
Submissions on these proposals are due by 22 December 2023 and should be sent to: dataconsultations@apra.gov.au
The discussion paper is available below.
Discussion paper
Life Insurance Discussion Paper - Insurance Data Transformation
Note on submissions
It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.
Submissions may be the subject of a request for access made under the Freedom of Information Act 1982 (FOIA). APRA will determine such requests, if any, in accordance with the provisions of the FOIA. Information in the submission about any APRA-regulated entity that is not in the public domain and that is identified as confidential will be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and will therefore be exempt from production under the FOIA.