The Australian Prudential Regulation Authority (APRA) is scrapping its half-year report on the general insurance industry.

The statistics in the half-yearly bulletin will now be published quarterly, together with a yearly review.

APRA says the move will mean statistics on the industry will be available three months earlier and promote better understanding of how general insurance works.

The first quarterly bulletin is expected to cover the period from January to March this year – providing there are no objections to dropping the half-year figures.