Confidentiality of general insurance and life insurance data
This page contains consultations in relation to data confidentiality for the general insurance (GI) and life insurance (LI) industries.
August 2021
On 18 August 2021, APRA released a response letter outlining its decision to determine class of business and product group data for the GI and LI industries to be non-confidential.
The response letter and non-confidential submissions are available below:
Letter
Increased transparency of general insurance and life insurance data.
Non-confidential submissions
October 2020
Extension of consultation period for collection of data
On 23 March 2020, APRA announced an adapted 2020 agenda in response to the impact of COVID-19. As a result, this consultation was suspended until 30 September 2020.
APRA is now seeking to continue this consultation. Given the disruption related to COVID-19 we have extended the consultation period for a further four weeks.
Submissions on this proposal will now close on 3 December 2020.
February 2020
Proposal to increase transparency of general insurance and life insurance data
On 10 February 2020, APRA issued a consultation letter inviting submissions on its proposal to determine all class of business data for GI and all product group data for LI as non-confidential.
By publishing a greater breadth of industry-aggregate data, APRA will promote greater transparency and accountability in the LI and GI industry.
Submissions on this proposal have been extended and will now close on 31 March 2020. The consultation letter can be found below:
Note on submissions
It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.
Submissions may be the subject of a request for access made under the Freedom of Information Act 1982 (FOIA). APRA will determine such requests, if any, in accordance with the provisions of the FOIA. Information in the submission about any APRA-regulated entity that is not in the public domain and that is identified as confidential will be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and will therefore be exempt from production under the FOIA.