The Australian Prudential Regulation Authority (APRA) has released the statistics on intermediated general insurance for the six months ended June 2021.

The prudential regulator published the data placed with APRA-authorised general insurers, Lloyd’s underwriters, and unauthorised foreign insurers on a bi-annual basis. It contains industry-level data relating to business placed by intermediaries.

The statistics were provided on business placed with unauthorised foreign insurers, segmented by region, exemption type, atypical risk class, and customised reason.

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For the six months ended June 2021, the total premium invoiced by intermediated general insurance business was $14,124 million, a slight decrease from $15,141 million for the six months ended December 2020.

From the total premium invoiced for the first half of 2021, business placed with APRA-authorised general insurers was $11,689 million, business placed with Lloyd’s underwriters at $1,642 million, and business placed with unauthorised foreign insurers at $793 million.

Meanwhile, the total number of intermediaries for the six months ended June 2021 was 1,666, a slight increase from 1,656 during the six months ended December 2020.

APRA also reported that the total premium effective in the six months to December 2020 reached $14,070 million, an increase from $13,426 million for the six months to June 2020.

From this, business placed with APRA-authorised general insurers reached $11,538 million. For business placed with Lloyd’s underwriters, it was $1,743 million, and for business placed with unauthorised foreign insurers it was $789 million.