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.