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Car Insurance in Australia - Industry Market Research Report

Publisher IBISWorld
Published Jul 22, 2024
Length 74 Pages
SKU # IBSS19022657

Description

Car Insurance in Australia - Industry Market Research Report


Car Insurance in Australia

The Car Insurance industry has seen growth in the last five years despite challenges like as fluctuating investment returns, high costs of car repairs, escalating natural disaster damage and the impact of the COVID-19 pandemic. The rise in natural disasters, in particular, compounded the frequency of insurance claims. Yet, rising costs were passed on to policyholders, backing up an upswing in profitability. Industry revenue has been growing at an annualised 1.0% over the past five years and is expected to total $26.8 billion in 2023-24, when revenue will climb by 4.1%.

The industry underwrites car insurance policies. Car insurance provides financial cover for physical damage to automobiles and bodily injuries as a result of traffic collisions. Car insurance can also protect against liability as a result of accidents.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

74 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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