APRA Releases Quarterly General Insurance Performance Statistics

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In The Australian Prudential Regulation Authority Quarterly General Insurance Performance Statistics released on 1 December

APRA has reported a net earned premium for the industry in the September 2011 quarter was $6.7 billion, up from $6.6 billion in the previous quarter. Outwards reinsurance expense increased to $2.3 billion in the September 2011 quarter from $2.1 billion in the June 2011 quarter.

The Australian Prudential Regulation Authority (APRA) oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, friendly societies and most members of the superannuation industry.

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