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1301.0 - Year Book Australia, 2002  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/01/2002   
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Contents >> Financial System >> Other insurance corporations

This sector includes all corporations that provide insurance other than life insurance. Included are general, fire, accident, employer liability, household, health and consumer credit insurers.

Private health insurers are regulated by the Private Health Insurance Administration Council (PHIAC) under the National Health Act 1959. At 30 June 2001 there were 44 private health insurers, including health benefit funds of friendly societies. Other private insurers are supervised by APRA under the Insurance Act 1973. At 30 June 2001 there were 154 insurers supervised by APRA. In addition, there were 13 public sector insurers at 30 June 2001. Table 26.9 sets out the financial assets and liabilities of Other insurance corporations at 30 June 2001 and the preceding two years.


26.9 OTHER INSURANCE CORPORATIONS, Financial Assets and Liabilities

June 1999

$m
June 2000

$m
June 2001

$m

FINANCIAL ASSETS

Currency and deposits
5,752
5,408
5,323
Bills of exchange
1,924
1,811
1,910
One name paper
2,518
2,302
1,858
Bonds
18,013
18,795
21,928
Loans and placements
7,639
8,977
8,308
Equities
22,215
24,625
26,103
Other accounts receivable
8,202
9,104
9,873
Total financial assets
66,263
71,022
75,303

LIABILITIES

Bonds on issue
429
588
362
Loans and placements
1,781
1,152
833
Listed shares and other equity
5,672
3,995
10,371
Unlisted shares and other equity
12,817
14,450
10,818
Prepayment of premiums
45,120
49,248
50,592
Other accounts receivable
9,649
10,495
10,902
Total liabilities
75,468
79,928
83,878

Source: Australian National Accounts: Financial Accounts (5232.0); APRA; PHIAC.


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