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Australia Life and Non-Life Insurance Market Size and Share Outlook: Forecast Trends and Growth Analysis Report (2025-2034)

Publisher Expert Market Research
Published Oct 26, 2025
Length 112 Pages
SKU # EMAR20523666

Description

Non-life insurance is driving the Australia life and non-life insurance market growth as it protects against specific risks and losses that are provided compared to other insurance.The Australian life and non-life insurance market is thriving, as non-life insurance addresses specific risks and losses through various products such as motor, health, travel, and home insurance, catering to the diverse needs and preferences of consumers. It protects from unforeseen events or risks provides financial assistance and helps individuals and businesses to manage and mitigate risks.The approvals of private-sector dwellings have risen by 19.5% which will lead to increasing purchases of home insurance products. Therefore, according to the Australian Prudential Regulation Authority, homeowners and householders’ insurance product performance has increased to $13,674 in 2022 which indicates the substantial Australia life and non-life insurance market growth.According to the Australian Prudential Regulation Authority, the gross incurred claims in New South Wales and Queensland are reflected higher with the value of $4,532M and $3,544M respectively."Australia Life and Non-Life Insurance Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:Market Breakup by Insurance Type
Life Insurance
Non-Life InsuranceMarket Breakup by Distribution Channel
Direct
Brokers
Banks
Others

Market Breakup by Region
New South Wales
Victoria
Queensland
Australian Capital Territory
Western Australia
Others

Australia Life and Non-life Insurance Market ShareInsurance brokers act as intermediaries between insurance companies and customers, offering personalised advice, comparing policies from multiple insurers, and assisting with claims. They play a crucial role in simplifying the insurance process for individuals and businesses, providing expertise and access to a wide range of insurance products tailored to specific needs.Leading Companies in the Australia Life and Non-life Insurance MarketThe growth of the life and non-life insurance market is fuelled by increasing individuals' focus towards insurance products to safeguard their items from uncertainty and risks.
Insurance Australia Limited
AIA Australia Group
Zurich Financial Services Australia Ltd
Medibank Private Limited
ClearView Life Assurance Limited
Cover-More Insurance Services Pty Limited
AMP Limited
Nib Travel Insurance Distribution Pty Limited
Others

Table of Contents

112 Pages
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Life and Non-Life Insurance Market Overview
8.1 Key Industry Highlights
8.2 Australia Life and Non-Life Insurance Historical Market (2018-2024)
8.3 Australia Life and Non-Life Insurance Market Forecast (2025-2034)
9 Australia Life and Non-Life Insurance Market by Insurance Type
9.1 Life Insurance
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Non-Life Insurance
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 Australia Life and Non-Life Insurance Market by Distribution Channel
10.1 Direct
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Brokers
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Banks
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Others
11 Australia Life and Non-Life Insurance Market by Region
11.1 New South Wales
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 Victoria
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
11.3 Queensland
11.3.1 Historical Trend (2018-2024)
11.3.2 Forecast Trend (2025-2034)
11.4 Australian Capital Territory
11.4.1 Historical Trend (2018-2024)
11.4.2 Forecast Trend (2025-2034)
11.5 Western Australia
11.5.1 Historical Trend (2018-2024)
11.5.2 Forecast Trend (2025-2034)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Insurance Australia Limited
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 AIA Australia Group
13.2.2.1 Product Portfolio
13.2.2.2 Demographic Reach and Achievements
13.2.2.3 Certifications
13.2.3 Zurich Financial Services Australia Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Medibank Private Limited
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 ClearView Life Assurance Limited
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Cover-More Insurance Services Pty Limited
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 AMP Limited
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Nib Travel Insurance Distribution Pty Limited
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Others
14 Key Trends and Developments in the Market

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