APRA releases intermediated general insurance statistics for June 2016
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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% |
| $374 million | $281 million | -24.8% |
| $71 million | $41 million | -42.6% |
| $14 million | $13 million | -0.3% |
Refer to the June 2016Intermediated 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.