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Insurance in Australia

Insurance in Australia

Summary

Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

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 $65.5bn in 2016, representing a compound annual growth rate (CAGR) of 4.7% between 2012 and 2016.

The life insurance segment was the market's most lucrative in 2016, with total gross written premiums of $37.7bn, equivalent to 57.5% of the market's overall value.

The plunge of the life insurance segment in the last two years has led to the decline of the whole market in that period. In contrast, the non-life segment recorded moderate growth driven by premium increases over the last two years.

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 2016?
  • What will be the size of the Australia insurance market in 2021?
  • 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?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Insurance Australia Group Limited
MetLife, Inc.
QBE Insurance Group Limited
Suncorp Group Limited
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: Australia insurance market value: $ billion, 2012-16
Table 2: Australia insurance market category segmentation: $ billion, 2016
Table 3: Australia insurance market geography segmentation: $ billion, 2016
Table 4: Australia insurance market value forecast: $ billion, 2016-21
Table 5: Insurance Australia Group Limited: key facts
Table 6: Insurance Australia Group Limited: key financials ($)
Table 7: Insurance Australia Group Limited: key financials (A$)
Table 8: Insurance Australia Group Limited: key financial ratios
Table 9: MetLife, Inc.: key facts
Table 10: MetLife, Inc.: key financials ($)
Table 11: MetLife, Inc.: key financial ratios
Table 12: QBE Insurance Group Limited: key facts
Table 13: QBE Insurance Group Limited: key financials ($)
Table 14: QBE Insurance Group Limited: key financial ratios
Table 15: Suncorp Group Limited: key facts
Table 16: Suncorp Group Limited: key financials ($)
Table 17: Suncorp Group Limited: key financials (A$)
Table 18: Suncorp Group Limited: key financial ratios
Table 19: Australia size of population (million), 2012-16
Table 20: Australia gdp (constant 2005 prices, $ billion), 2012-16
Table 21: Australia gdp (current prices, $ billion), 2012-16
Table 22: Australia inflation, 2012-16
Table 23: Australia consumer price index (absolute), 2012-16
Table 24: Australia exchange rate, 2012-16
List of Figures
Figure 1: Australia insurance market value: $ billion, 2012-16
Figure 2: Australia insurance market category segmentation: % share, by value, 2016
Figure 3: Australia insurance market geography segmentation: % share, by value, 2016
Figure 4: Australia insurance market value forecast: $ billion, 2016-21
Figure 5: Forces driving competition in the insurance market in Australia, 2016
Figure 6: Drivers of buyer power in the insurance market in Australia, 2016
Figure 7: Drivers of supplier power in the insurance market in Australia, 2016
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Australia, 2016
Figure 9: Factors influencing the threat of substitutes in the insurance market in Australia, 2016
Figure 10: Drivers of degree of rivalry in the insurance market in Australia, 2016
Figure 11: Insurance Australia Group Limited: revenues & profitability
Figure 12: Insurance Australia Group Limited: assets & liabilities
Figure 13: MetLife, Inc.: revenues & profitability
Figure 14: MetLife, Inc.: assets & liabilities
Figure 15: QBE Insurance Group Limited: revenues & profitability
Figure 16: QBE Insurance Group Limited: assets & liabilities
Figure 17: Suncorp Group Limited: revenues & profitability
Figure 18: Suncorp Group Limited: assets & liabilities

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