APRA releases General Insurance Claims Development Statistics for December 2020
The Australian Prudential Regulation Authority (APRA) has released its annual General Insurance Claims Development Statistics publication for the December 2020 reference period.
The publication details claims development trends across the general insurance industry by class of business. The statistics cover the long-tail and short-tail classes of business, and reinsurance.
Copies of the December 2020 General Insurance Claims Development Statistics are available on the APRA website at: General insurance claims development statistics.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.