Brokers placing more than 14 billion in premiums: APRA
April 07, 2021
The Australian Prudential Regulation Authority (APRA) has released its Intermediated General Insurance Statistics publication for the six months to December 2020.
The Intermediated General Insurance Statistics publication provides an overview of intermediated general insurance placed with APRA-authorised general insurers, Lloyd’s underwriters and unauthorised foreign insurers (UFIs).
| Business placed by intermediaries and authorised insurers | Six months ended | ||||||
| Dec 2018 | Jun 2019 | Dec 2019 | Jun 2020 | Dec 2020 | |||
| Intermediated general insurance business | |||||||
| Total premium invoiced in the period of which: | 11,685 | 11,644 | 13,670 | 12,371 | 14,850 | ||
| Business placed with APRA-authorised general insurers ($m) | 9,571 | 9,724 | 11,155 | 10,164 | 11,859 | ||
| Business placed with Lloyd’s underwriters ($m) | 1,370 | 1,293 | 1,660 | 1,386 | 1,934 | ||
| Business placed with unauthorised foreign insurers ($m) | 744 | 626 | 856 | 822 | 1,057 | ||
| Total number of intermediaries of which: | 1,657 | 1,657 | 1,668 | 1,655 | 1,662 | ||
| Number that placed business with an underwritera of whichb: | 797 | 767 | 784 | 782 | 772 | ||
| Number that placed business with APRA-authorised general insurers | 746 | 728 | 742 | 747 | 738 | ||
| Number that placed business with Lloyd’s underwriters | 286 | 270 | 297 | 282 | 296 | ||
| Number that placed business with unauthorised foreign insurers | 84 | 81 | 82 | 86 | 95 | ||
| Number that placed business only through other Australian intermediaries | 30 | 24 | 25 | 25 | 33 | ||
| Number of intermediaries that placed no business | 830 | 866 | 859 | 848 | 857 | ||
The entire December 2020 Intermediated General Insurance Statistics publication are can be accessed here.