APRA releases intermediated general insurance statistics for December 2015
The Australian Prudential Regulation Authority (APRA) today released its Intermediated General Insurance Statistics publication for the six months to December 2015.
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 December 2015:
| Six months to December 2014 | Six months to December 2015 | Change | |
|---|---|---|---|
| Premium placed with APRA-authorised general insurers | $8,048 million | $8,009 million | -0.5% |
| Premium placed with Lloyd’s underwriters | $909 million | $908 million | -0.1% |
| Premium placed with UFIs | $709 million | $746 million | +5.2% |
Of which: Fire and industrial | $413 million | $454 million | +9.8% |
Of which: Public and product | $67 million | $61 million | -8.9% |
Of which: Professional | $68 million | $78 million | +14.2% |
Refer to the December 2015 Intermediated General Insurance Statisticspublication.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.