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Health Insurance in Australia - Industry Market Research Report

Publisher IBISWorld
Published Feb 12, 2025
Length 76 Pages
SKU # IBSS19605571

Description

Health Insurance in Australia

The Health Insurance industry is an integral part of the Australian health system, providing insurance cover for an estimated 45.1% of the population. Revenue is expected to slip at an annualised 0.4% over the five years through 2022-23 to an estimated $27.4 billion. Slow nominal premium revenue growth, alongside volatile investment revenue, has hindered the performance of health insurers. Investment recovery and premium hikes have buoyed revenue by an expected 1.7% in 2022-23.

Industry insurers primarily underwrite insurance policies relating to health and medical risks. Underwriting insurance policies involves assuming risks and assigning premiums. Health insurers provide insurance cover for hospital, medical, dental and pharmaceutical expenses or costs. Health insurers generate revenue through insurance underwriting and returns from investing premiums.

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

76 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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