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Life Insurance & Pension in Australia

Publisher MarketLine
Published Dec 31, 2025
Length 38 Pages
SKU # MTLN21020448

Description

Life>Insurance>&>Pension>in>Australia

Summary

>Life>Insurance>&>Pension>in>Australia>industry>profile>provides>top-line>qualitative>and>quantitative>summary>information>including:>market>share,>market>size>(value>and>volume>2019-24,>and>forecast>to>2029).>The>profile>also>contains>descriptions>of>the>leading>players>including>key>financial>metrics>and>analysis>of>competitive>pressures>within>the>market.

Key>Highlights
  • Life>insurance>is>the>financial>cover>for>a>contingency>linked>with>human>life,>like>death,>disability,>accident,>retirement,>etc.>Human>life>is>subject>to>risks>of>death>and>disability>due>to>natural>and>accidental>causes.>When>human>life>is>lost>or>a>person>is>disabled>permanently>or>temporarily,>there>is>a>loss>of>income>to>the>household.
  • The>Australian>life>insurance>&>pension>market>recorded>gross>written>premiums>of>$16.2>billion>in>2024,>representing>a>negative>compound>annual>growth>rate>(CAGR)>of>5.1%>between>2019>and>2024.
  • The>life>insurance>segment>accounted>for>the>market's>largest>proportion>in>2024,>with>total>gross>written>premiums>of>$13.2>billion,>equivalent>to>81.5%>of>the>market's>overall>value.
  • In>2024,>Australia>accounted>for>1.4%>share>of>the>Asia-Pacific>life>insurance>&>pension>market.
Scope
  • Save>time>carrying>out>entry-level>research>by>identifying>the>size,>growth,>major>segments,>and>leading>players>in>the>life>insurance>&>pension>market>in>Australia
  • Use>the>Five>Forces>analysis>to>determine>the>competitive>intensity>and>therefore>attractiveness>of>the>life>insurance>&>pension>market>in>Australia
  • Leading>company>profiles>reveal>details>of>key>life>insurance>&>pension>market>players’>global>operations>and>financial>performance
  • Add>weight>to>presentations>and>pitches>by>understanding>the>future>growth>prospects>of>the>Australia>life>insurance>&>pension>market>with>five>year>forecasts>by>both>value>and>volume
Reasons>to>Buy
  • What>was>the>size>of>the>Australia>life>insurance>&>pension>market>by>value>in>2024?
  • What>will>be>the>size>of>the>Australia>life>insurance>&>pension>market>in>2029?
  • What>factors>are>affecting>the>strength>of>competition>in>the>Australia>life>insurance>&>pension>market?
  • How>has>the>market>performed>over>the>last>five>years?
  • Who>are>the>top>competitors>in>Australia's>life>insurance>&>pension>market?

Table of Contents

38 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strengths and strategies of the leading players?
7.4. What are the recent developments in the market?
8 Company Profiles
8.1. MLC Ltd
8.2. TAL Dai-ichi Life Australia Pty Ltd
8.3. Zurich Australia Ltd
8.4. AIA Australia Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Australia life insurance & pension market value: $ billion, 2019-24
Table 2: Australia life insurance & pension market category segmentation: % share, by value, 2019-24
Table 3: Australia life insurance & pension market category segmentation: $ billion, 2019-24
Table 4: Australia life insurance & pension market geography segmentation: $ billion, 2024
Table 5: Australia life insurance & pension market value forecast: $ billion, 2024-29
Table 6: Australia life insurance & pension market share: % share, by value, 2024
Table 7: MLC Ltd: Key Facts
Table 8: TAL Dai-ichi Life Australia Pty Ltd: Key Facts
Table 9: TAL Dai-ichi Life Australia Pty Ltd: Key Employees
Table 10: Zurich Australia Ltd: Key Facts
Table 11: AIA Australia Ltd: Key Facts
Table 12: AIA Australia Ltd: Key Employees
Table 13: Australia Size of Population (Million), 2020-24
Table 14: Australia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 15: Australia GDP (Current Prices, $ Billion), 2020-24
Table 16: Australia Inflation, 2020-24
Table 17: Australia Consumer Price Index (Absolute), 2020-24
Table 18: Australia Exchange Rate, 2019-24
List of Figures
Figure 1: Australia life insurance & pension market value: $ billion, 2019-24
Figure 2: Australia life insurance & pension market category segmentation: $ billion, 2019-24
Figure 3: Australia life insurance & pension market geography segmentation: % share, by value, 2024
Figure 4: Australia life insurance & pension market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the life insurance & pension market in Australia, 2024
Figure 6: Drivers of buyer power in the life insurance & pension market in Australia, 2024
Figure 7: Drivers of supplier power in the life insurance & pension market in Australia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Australia, 2024
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Australia, 2024
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Australia, 2024
Figure 11: Australia life insurance & pension market share: % share, by value, 2024

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