Shopping Cart 0
Cart Subtotal
USD 0

Insurance in Australia

Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only.
Print Option: Yes
Copy Option: No
Deliverable Format : PDF Via Email

Single User License
USD 350

Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only.
Print Option: Yes
Copy Option: No
Deliverable Format : PDF Via Email

Site License
USD 700

Multiple Users within the Company/ Enterprise
Print Option: Yes
Copy Option: Yes
Deliverable Format : Excel, PDF Via Email

Corporate User License
USD 1050
  • Details
  • Table Of Content
  • Licence Rights
  • Section Purchase
  • Products and Companies

Details

Insurance in Australia

Summary

Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Essential resource for top-line data and analysis covering the Australia insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

- The Australian insurance market had total gross written premiums of USD 62.2bn in 2017, representing a compound annual rate of change (CARC) of 0% between 2013 and 2017.

- The life segment was the market's most lucrative in 2017, with total gross written premiums of USD 32.2bn, equivalent to 51.7% of the market's overall value.

- A hike in premiums of motor insurance in 2016 led the market's growth to accelerate that year. In particular, the state of Western Australia recorded rapid premium growth. A report released by the Australian Competition and Consumer Commission (ACCC) found that between 2007-2008 and 2016-2017, the average combined home and contents premiums, adjusted to account for changes in the sum insured, have increased by between 23%-67% in Northern Australia, compared to just 16% in the rest of Australia.

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 2017?

- What will be the size of the Australia insurance market in 2022?

- 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?

READ MORE

Table Of Content

Scope

Table of Contents

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 9

Market value 9

Market Segmentation 10

Category segmentation 10

Geography segmentation 11

Market share 12

Market Outlook 13

Market value forecast 13

Five Forces Analysis 14

Summary 14

Buyer power 15

Supplier power 17

New entrants 19

Threat of substitutes 21

Degree of rivalry 22

Leading Companies 24

Allianz Group 24

QBE Insurance Group Limited 28

Suncorp Group Ltd 31

TAL Dai-ichi Life Australia Pty Ltd 34

Macroeconomic Indicators 35

Country data 35

Methodology 37

Industry associations 38

Related MarketLine research 38

Appendix 39

About MarketLine 39


List Of Figure

List of Tables

Table 1: Australia insurance market value: USD billion, 2013-17

Table 2: Australia insurance market category segmentation: USD billion, 2017

Table 3: Australia insurance market geography segmentation: USD billion, 2017

Table 4: Australia insurance market share: % share, by value, 2017

Table 5: Australia insurance market value forecast: USD billion, 2017-22

Table 6: Allianz Group: key facts

Table 7: Allianz Group: key financials (USD )

Table 8: Allianz Group: key financials (EUR)

Table 9: Allianz Group: key financial ratios

Table 10: QBE Insurance Group Limited: key facts

Table 11: QBE Insurance Group Limited: key financials (USD )

Table 12: QBE Insurance Group Limited: key financial ratios

Table 13: Suncorp Group Ltd: key facts

Table 14: Suncorp Group Ltd: key financials (USD )

Table 15: Suncorp Group Ltd: key financials (AUSD )

Table 16: Suncorp Group Ltd: key financial ratios

Table 17: TAL Dai-ichi Life Australia Pty Ltd: key facts

Table 18: Australia size of population (million), 2013-17

Table 19: Australia gdp (constant 2005 prices, USD billion), 2013-17

Table 20: Australia gdp (current prices, USD billion), 2013-17

Table 21: Australia inflation, 2013-17

Table 22: Australia consumer price index (absolute), 2013-17

Table 23: Australia exchange rate, 2013-17


List Of Table

List of Figures

Figure 1: Australia insurance market value: USD billion, 2013-17

Figure 2: Australia insurance market category segmentation: % share, by value, 2017

Figure 3: Australia insurance market geography segmentation: % share, by value, 2017

Figure 4: Australia insurance market share: % share, by value, 2017

Figure 5: Australia insurance market value forecast: USD billion, 2017-22

Figure 6: Forces driving competition in the insurance market in Australia, 2017

Figure 7: Drivers of buyer power in the insurance market in Australia, 2017

Figure 8: Drivers of supplier power in the insurance market in Australia, 2017

Figure 9: Factors influencing the likelihood of new entrants in the insurance market in Australia, 2017

Figure 10: Factors influencing the threat of substitutes in the insurance market in Australia, 2017

Figure 11: Drivers of degree of rivalry in the insurance market in Australia, 2017

Figure 12: Allianz Group: revenues & profitability

Figure 13: Allianz Group: assets & liabilities

Figure 14: QBE Insurance Group Limited: revenues & profitability

Figure 15: QBE Insurance Group Limited: assets & liabilities

Figure 16: Suncorp Group Ltd: revenues & profitability

Figure 17: Suncorp Group Ltd: assets & liabilities

Licence Rights

Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Section Purchase

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

Products and Companies

Products

Financial Services, Insurance, MarketLine, Australia


Companies

Allianz Group

QBE Insurance Group Limited

Suncorp Group Ltd

TAL Dai-ichi Life Australia Pty Ltd