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Non-Life Insurance in Australia, Key Trends and Opportunities to 2020

  • Key Facts and Highlights
    • Table Australian Non-Life Insurance – Key Facts, 2015
    • Table Australian Non-Life Insurance – Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Australian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Australian Non-Life Insurance – Gross Written Premium (AUD Billion and US$ Billion), 2011–2015
        • Table Australian Non-Life Insurance – Penetration (%), 2011–2015
        • Table Australian Non-Life Insurance – Gross Written Premium (AUD Billion and US$ Billion), 2015–2020
        • Table Australian Non-Life Insurance – Penetration (%), 2015–2020
        • Table Australian Non-Life Insurance – Premium per Capita (AUD and US$), 2011–2015
        • Table Australian Non-Life Insurance – Premium per Capita (AUD and US$), 2015–2020
      • Claims
        • Table Australian Non-Life Insurance – Paid Claims (AUD Billion and US$ Billion), 2011–2015
        • Table Australian Non-Life Insurance – Paid Claims (AUD Billion and US$ Billion), 2015–2020
      • Profitability
        • Table Australian Non-Life Insurance – Profitability Ratio (%), 2011–2015
        • Table Australian Non-Life Insurance – Profitability Ratio (%), 2015–2020
      • Assets and investments
        • Table Australian Non-Life Insurance – Total Assets (AUD Billion and US$ Billion), 2011–2015
        • Table Australian Non-Life Insurance – Total Assets (AUD Billion and US$ Billion), 2015–2020
        • Table Australian Non-Life Insurance – Total Investment Income (AUD Billion and US$ Billion), 2011–2015
        • Table Australian Non-Life Insurance – Total Investment Income (AUD Billion and US$ Billion), 2015–2020
        • Table Australian Non-Life Insurance – Investment Portfolio (AUD Billion), 2011–2015
        • Table Australian Non-Life Insurance – Investment Portfolio (AUD Billion), 2015–2020
  • Outlook by Category
    • Table Australian Non-Life Insurance – Direct Written Premium by Category (AUD Billion), 2011–2015
    • Table Australian Non-Life Insurance – Direct Written Premium by Category (AUD Billion), 2015–2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Australian Property Insurance – Direct Written Premium by Sub-Category (AUD Billion), 2011–2015
        • Table Australian Property Insurance – Direct Written Premium by Sub-Category (AUD Billion), 2015–2020
      • Claims
        • Table Australian Property Insurance – Paid Claims (AUD Billion and US$ Billion), 2011–2015
        • Table Australian Property Insurance – Paid Claims (AUD Billion and US$ Billion), 2015–2020
      • Profitability
        • Table Australian Property Insurance – Loss Ratio (%), 2011–2015
        • Table Australian Property Insurance – Loss Ratio (%), 2015–2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Australian Motor Insurance – Direct Written Premium by Sub-Category (AUD Billion), 2011–2015
        • Table Australian Motor Insurance – Direct Written Premium by Sub-Category (AUD Billion), 2015–2020
      • Claims
        • Table Australian Motor Insurance – Paid Claims (AUD Billion and US$ Billion), 2011–2015
        • Table Australian Motor Insurance – Paid Claims (AUD Billion and US$ Billion), 2015–2020
      • Profitability
        • Table Australian Motor Insurance – Loss Ratio (%), 2011–2015
        • Table Australian Motor Insurance – Loss Ratio (%), 2015–2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Australian Liability Insurance – Direct Written Premium (AUD Billion), 2011–2015
        • Table Australian Liability Insurance – Direct Written Premium (AUD Billion), 2015–2020
      • Claims
        • Table Australian Liability Insurance – Paid Claims (AUD Billion and US$ Billion), 2011–2015
        • Table Australian Liability Insurance – Paid Claims (AUD Billion and US$ Billion), 2015–2020
      • Profitability
        • Table Australian Liability Insurance – Loss Ratio (%), 2011–2015
        • Table Australian Liability Insurance – Loss Ratio (%), 2015–2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Australian Transport Network – Global Rankings
      • Premium
        • Table Australian Marine, Aviation and Transit Insurance – Direct Written Premium (AUD Million), 2011–2015
        • Table Australian Marine, Aviation and Transit Insurance – Direct Written Premium (AUD Million), 2015–2020
      • Claims
        • Table Australian Marine, Aviation and Transit Insurance – Paid Claims (AUD Million and US$ Million), 2011–2015
        • Table Australian Marine, Aviation and Transit Insurance – Paid Claims (AUD Million and US$ Billion), 2015–2020
      • Profitability
        • Table Australian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2011–2015
        • Table Australian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2015–2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Australian Non-Life Insurance – Direct Written Premium by Distribution Channel (AUD Billion), 2011–2015
      • Table Australian Non-Life Insurance – Direct Written Premium by Distribution Channel (AUD Billion), 2015–2020
      • Table Australian Non-Life Insurance – Direct Written Premium by Distribution Channel (%), 2011–2020
      • Agencies
      • Insurance brokers
      • Direct marketing
      • E-commerce
      • Bancassurance
      • Other channels
  • Natural Hazards
    • Table Australian Average Annual Loss by Hazard, 1990–2014
    • Floods
    • Cyclones and Storm Surges
    • Hailstorms
    • Wildfires
    • Extreme Temperature and Drought
    • Landslides
    • Exposure
  • Competitive Landscape
    • Overview
    • Leading Companies in the Australian Non-Life Insurance Segment
      • Table Australian Non-Life Insurance Segment Share (%), 2015
      • AAI Ltd – company overview
        • Table AAI Ltd – Key Facts
        • Table AAI Ltd – Key Financials (AUD Million), 2013–2015
      • QBE Insurance (Australia) Ltd – company overview
        • Table QBE Insurance (Australia) Ltd – Key Facts
        • Table QBE Insurance (Australia) Ltd – Key Financials (AUD Million), 2011–2015
      • Allianz Australia Insurance Ltd – company overview
        • Table Allianz Australia Insurance Ltd – Key Facts
        • Table Allianz Australia Insurance Ltd – Key Financials (AUD Million), 2011–2015
      • Insurance Australia Group Ltd – company overview
        • Table Insurance Australia Group Ltd – Key Facts
        • Table Insurance Australia Group Ltd – Key Financials (AUD Million), 2011–2015
      • Insurance Manufacturers of Australia Pty Ltd (IMA) –company overview
        • Table Insurance Manufacturers of Australia Pty Ltd – Key Facts
        • Table Insurance Manufacturers of Australia Pty Ltd – Key Financials (AUD Million), 2011–2015
  • Governance, Risk and Compliance
    • Table Australia – Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Australia – Life Insurance Regulatory Framework
      • Property insurance
        • Table Australia – Property Insurance Regulatory Framework
      • Motor insurance
        • Table Australia – Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Australia – Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Aircraft passenger liability insurance
      • Motor third-party liability (MTPL) insurance regulations
      • Workmen's compensation insurance
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • Australian Prudential Regulation Authority
      • Australian Securities and Investment Commission
      • Financial Services Council (FSC)
      • Insurance Council of Australia
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Australia – Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Australian Insurance Industry – Policies and Premium, 2011–2015
      • Table Australian Insurance Industry – Policies and Premium, 2015–2020
    • Claims and Expenses
      • Table Australian Non-Life Insurance – Claims and Expenses, 2011–2015
      • Table Australian Non-Life Insurance – Claims and Expenses, 2015–2020
    • Assets and Investments
      • Table Australian Non-Life Insurance – Assets and Investments, 2011–2015
      • Table Australian Non-Life Insurance – Assets and Investments, 2015–2020
    • Direct Marketing and E-Commerce
      • Table Australian Non-Life Insurance – Direct Marketing and E-Commerce, 2011–2015
      • Table Australian Non-Life Insurance – Direct Marketing and E-Commerce, 2015–2020
    • Insurance Brokers and Agencies
      • Table Australian Non-Life Insurance – Insurance Brokers and Agencies, 2011–2015
      • Table Australian Non-Life Insurance – Insurance Brokers and Agencies, 2015–2020
    • Bancassurance and Other Distribution Channels
      • Table Australian Non-Life Insurance – Bancassurance and Other Distribution Channels, 2011–2015
      • Table Australian Non-Life Insurance – Bancassurance and Other Distribution Channels, 2015–2020
    • Property Insurance
      • Table Australian Non-Life Insurance – Property Insurance, 2011–2015
      • Table Australian Non-Life Insurance – Property Insurance, 2015–2020
    • Property Insurance by Product
      • Table Australian Non-Life Insurance – Property Insurance by Product, 2011–2015
      • Table Australian Non-Life Insurance – Property Insurance by Product, 2015–2020
    • Motor Insurance
      • Table Australian Non-Life Insurance – Motor Insurance, 2011–2015
      • Table Australian Non-Life Insurance – Motor Insurance, 2015–2020
    • Motor Insurance by Product
      • Table Australian Non-Life Insurance – Motor Insurance by Product, 2011–2015
      • Table Australian Non-Life Insurance – Motor Insurance by Product, 2015–2020
    • Liability Insurance
      • Table Australian Non-Life Insurance – Liability Insurance, 2011–2015
      • Table Australian Non-Life Insurance – Liability Insurance, 2015–2020
    • Marine, Aviation and Transit Insurance
      • Table Australian Non-Life Insurance – Marine, Aviation and Transit Insurance, 2011–2015
      • Table Australian Non-Life Insurance – Marine, Aviation and Transit Insurance, 2015–2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

Non-Life Insurance in Australia, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Australia, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Australian non-life insurance segment, and a comparison of the Australian insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and over the forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Australian economy and demographics, explains the various types of natural hazards and their impact on the Australian insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in Australia, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Australian non-life insurance segment, including:

  • The Australian non-life insurance segment’s detailed outlook by product category
  • A comprehensive overview of the Australian economy and demographics
  • A comparison of the Australian insurance industry with its regional counterparts
  • The various distribution channels in the Australian non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Australian insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Australia
  • Details of regulatory policy applicable to the Australian insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Australia:
  • It provides historical values for the Australian non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Australian non-life insurance segment, and market forecasts to 2020.
  • It profiles the top non-life insurance companies in Australia, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Australian non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Australian non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Australian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The non-life segment accounted for 30.1% of the Australian insurance industry’s gross written premium in 2015.
  • Motor insurance was the second-largest non-life category, accounting for 42.6% of its direct written premium in 2014.
  • Each state and territory in Australia has a mandatory motor vehicle accident personal injury insurance system.
  • Competition in general liability insurance in Australia is high, with insurers being highly competitive for clients with no claims history.
  • Direct marketing was the leading distribution channel, accounting for 47.1% of the non-life direct written premium in 2015.
  • The Australian non-life segment is fragmented, with the 10 leading companies accounting for 73.9% of the gross written premium in 2015.


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