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Life Insurance & Pension in Australia

Publisher MarketLine
Published Dec 31, 2025
Length 38 Pages
SKU # MTLN21050273

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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