APRA suspends publication of the next quarterly insurance statistics
The Australian Prudential Regulation Authority (APRA) has advised it will suspend the release of the September 2023 editions of the quarterly insurance statistical publications ordinarily released in late November 2023.
In a letter released today, APRA explained it will not release the next insurance quarterly statistics to ensure these publications can accurately reflect the significant changes made to the capital and reporting framework for insurance that came into effect on 1 July 2023.
The release of the impacted publications will resume for the December 2023 editions.
The letter to industry is available on the APRA website at: September 2023 Quarterly Insurance Statistical Publication Break.
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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.