The Australian Prudential Regulation Authority (APRA) is proposing an overhaul of its general and life insurance data publications and says it wants all statistics submitted by general insurers to be non-confidential.

The regulator says in a discussion paper on general insurance that it plans to improve its statistical publications incrementally by publishing data that is consistent, more detailed about individual companies and that enables it to present group-level data not currently published.

Its General Insurance Supplementary Statistical Tables will be moved to the Quarterly General Insurance Performance Statistics, to meet stakeholders’ needs for more detailed and timely figures.

“This will enable APRA to publish the statistics sooner and more frequently,” the discussion paper says.

APRA also proposes no longer collecting and publishing data reported voluntarily by public insurers, which it says is “not widely used”. This would mean discontinuing the supplementary statistical tables.

The proposals follow the review of life and general insurers’ capital standards, which have changed reporting requirements on companies and mean APRA must consider the data that should be publicly available.

Submissions on the plan are due by April 5.