The latest APRA intermediated general insurance statistic figures show the extent of business placed by insurance intermediaries for the year ended 31 December 2019.
The latest Australian Prudential Regulation Authority (APRA) intermediated general insurance statistic figures show the extent of business placed by insurance intermediaries for the year ended 31 December 2019.
The Intermediated General Insurance Statistics publication, released bi-annually, provides an overview of intermediated general insurance placed with APRA-authorised general insurers, Lloyd’s underwriters and unauthorised foreign insurers.
— APRA (@APRAinfo) March 25, 2020
Aggregate business by intermediaries and authorised insurers
• As at 31 December 2019, there were 1,662 intermediaries licensed to conduct general insurance business.
• Of the 777 intermediaries that placed business directly with underwriters in the period:
• Intermediaries invoiced $13.4 billion in premium in the period. Of this:
Intermediaries placed $10 billion in premium with APRA-authorised general insurers that were effective in the preceding six-month period. This represented approximately 47 per cent of the $21.4 billion of direct premium written by APRA-authorised general insurers in the same period.
You can find the current and previous statistics on the APRA website.