Insurance in Australia

Insurance in Australia

  • February 2020 •
  • 44 pages •
  • Report ID: 2881578 •
  • Format: PDF
Insurance in Australia

Summary
Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Australian insurance market had total gross written premiums of $79.1bn in 2018, representing a compound annual rate of change (CARC) of -3.5% between 2014 and 2018.
- The non-life insurance segment was the market’s most lucrative in 2018, with total gross written premiums of $49.0bn, equivalent to 61.9% of the market’s overall value.
- A hike in premiums of motor insurance in 2016 led the market’s growth to accelerate that year.

Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Australia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Australia
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Australia insurance market with five year forecasts

Reasons to Buy

- What was the size of the Australia insurance market by value in 2018?
- What will be the size of the Australia insurance market in 2023?
- What factors are affecting the strength of competition in the Australia insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Australia’s insurance market?
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