General insurance intermediaries issued premium invoices totalling $22.97 billion in the six months to December, the Australian Prudential Regulation Authority says.

Business placed with APRA-authorised insurers, Lloyd’s underwriters and unauthorised foreign insurers was up from $22.28 billion a year earlier and from $21.59 billion in the first six months of last year.

The latest figure is based on data from 1766 intermediaries including brokers. In the year-earlier period, there were 1712.

Intermediaries placed most of their business with authorised insurers, invoicing $18.87 billion in the half. Lloyd’s underwriters took $2.99 billion.

Unauthorised foreign insurers took $1.11 billion in premium, mostly related to fire and industrial special risk ($652 million). “Other direct classes” accounted for $198 million; public and product liability $101 million; professional indemnity $93 million; marine and aviation $38 million; and “other accident” $26 million.

Singapore dominated with a 48% share of the UFI total, or $528 million. The UK followed with 20% ($225 million), then Bermuda and continental Europe, each on 13% ($140 million).

The biannual APRA update does not provide a breakdown of intermediary by type.

See the statistics here.