APRA releases intermediated general insurance statistics for June 2017
The Australian Prudential Regulation Authority (APRA) today released its Intermediated General Insurance Statistics publication for the six months to June 2017.
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 year ended 30 June 2017:
| June 2016 | June 2017 | Change | |
|---|---|---|---|
| Premium placed with APRA-authorised general insurers | $15,598 million | $16,129 million | +3.4% |
| Premium placed with Lloyd’s underwriters | $1,741 million | $1,939 million | +11.4% |
| Premium placed with UFIs | $1,229 million | $1,012 million | -17.7% |
| Of which: Fire and industrial special risks | $735 million | $569 million | -22.6% |
Refer to the June 2017 Intermediated General Insurance Statistics publication.
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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.