APRA releases report on the National Claims and Policies Database
The Australian Prudential Regulation Authority (APRA) has released a report on the policies and claims data that APRA collects in its annual National Claims and Policies Database (NCPD).
The report supports one of the objectives in APRA’s Corporate Plan 2021-2025, which is to help find solutions to current challenges in the financial services industry by providing insights on the affordability of public and product liability, professional indemnity and directors and officers insurance.
The report and excel file with detailed NCPD data can be found on the APRA website at: National Claims and Policies Database analysis report.
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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.