APRA releases discussion paper on proposed intermediated general insurance statistics

The Australian Prudential Regulation Authority (“APRA”) has released a discussion paper describing its proposals to publish data on general insurance business handled by insurance intermediaries, or brokers. APRA and the Australian Securities and Investments Commission announced the collection of intermediated insurance data in December 2009. General insurance intermediaries must report all insurance contracts and provide additional details on insurance placed with unauthorised foreign insurers.

APRA is now seeking comment from a wide range of stakeholders on its proposal to publish statistics based on the intermediated insurance data collection.

Originally Published: 
14/06/2011