APRA seeks feedback on quarterly insurance statistical reports
APRA seeks feedback on quarterly insurance statistical reports | Insurance Business Australia
Insurance News
APRA seeks feedback on quarterly insurance statistical reports
Proposed modifications align with regulatory changes
Insurance News
By
Roxanne Libatique
The Australian Prudential Regulation Authority (APRA) has launched a public consultation to seek input on planned updates to the content and format of quarterly insurance statistical releases.
These updates are in response to recent regulatory changes, including the adoption of the Australian Accounting Standards Board (AASB17) collections and modifications to the private health insurance (PHI) capital framework, which have substantially modified the reporting landscape for insurers.
quarterly general insurance performance statistics;
quarterly life insurance performance statistics; and
quarterly private health insurance statistics.
The goal is to enhance the accessibility and comprehension of insurance industry data through more dynamic data representations, including tables and visualisations.
Feedback from industry stakeholders is requested by May 22, 2024. Responses should be forwarded to [email protected].
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