Publication of general insurance statistics

Abstract

The Australian Prudential Regulation Authority (APRA) today released a discussion paper on proposed changes to its general insurance statistical publications. APRA proposes to publish more general insurance statistics, including data recently determined non-confidential. In doing so, APRA intends to improve the relevance of APRA’s statistics to users, and address feedback in stakeholder surveys and other formal and informal consultations.   In particular, APRA proposes to: publish more industry-level statistics each quarter; modernise the segmentation of industry-level statistics; publish more institution-level statistics each quarter and annually; and publish new industry-level claims development statistics by class of business All the proposals are based on data already reported to APRA by general insurers.  &nbsp