Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). 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.
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 is expected to generate total gross written premiums of $93.4bn in 2015, representing a compound annual growth rate (CAGR) of 9.2% between 2011 and 2015.
The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $60.7bn, equivalent to 64.9% of the market's overall value.
The strong growth seen in the non-life segment prior to 2014 can largely be attributed to an expansion in property related business, which in turn led to an increase in fire and house insurance policies
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
Macroeconomic indicators provide insight into general trends within the Australia economy
Key Questions Answered
What was the size of the Australia insurance market by value in 2015?
What will be the size of the Australia insurance market in 2020?
What factors are affecting the strength of competition in the Australia insurance market?
How has the market performed over the last five years?
What are the main segments that make up Australia's insurance market?