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Personal Accident and Health Insurance in Australia, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Australia, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Australia, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers, challenges in the Australian personal accident and health insurance segment.

It provides 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 forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Australian economy and demographics, 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 'Personal Accident and Health Insurance in Australia, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Australian personal accident and health insurance segment, including:

  • The Australian personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • A comprehensive overview of the Australian economy and demographics
  • The various distribution channels in the Australian personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Australia
  • Details of regulatory policy applicable to the Australian insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Australia:
  • It provides historical values for the Australian personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2020.
  • It profiles the leading personal accident and health 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 personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Australian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health 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 personal accident and health insurance segment accounted for 18.4% of the industry’s gross written premium in 2015.
  • To maintain affordability and accessibility in private health insurance, under the Private Health Insurance Act, private health insurers are required to seek approval from the Minster of Health for any changes in premium.
  • Health insurers are expanding product portfolios beyond core health insurance to maintain their positions in the competitive environment.
  • Customers are increasingly using online platforms to make decisions about private health insurance
  • Australian health insurance is highly concentrated; the 10 leading insurers accounted for 91.2% of the gross written premium in 2014.


  • Key Facts and Highlights
    • Table Australian Personal Accident and Health Insurance - Key Facts, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Australian Government Credit Ratings
  • Personal Accident and Health Insurance Segment Outlook
    • Key Drivers
    • Key Trends
    • Challenges
    • Personal Accident and Health Insurance Growth Prospects by Category
      • Table Australian Personal Accident and Health Insurance - Gross Written Premium by Category (AUD Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Gross Written Premium by Category (AUD Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Direct Written Premium by Category (AUD Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Direct Written Premium by Category (AUD Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Net Earned Premium (AUD Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Net Earned Premium (AUD Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Paid Claims by Category (AUD Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Paid Claims by Category (AUD Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Incurred Loss by Category (AUD Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Incurred Loss by Category (AUD Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Net Written Premium by Category (AUD Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Net Written Premium by Category (US$ Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Net Written Premium by Category (AUD Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Net Written Premium by Category (US$ Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Loss Ratio (%), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Loss Ratio (%), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Commission and Expenses (AUD Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Commission and Expenses (AUD Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Combined Ratio (%), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Combined Ratio (%), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Total Assets (AUD Billion), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Total Assets (AUD Billion), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Total Investment Income (AUD Million), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Total Investment Income (AUD Million), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2015-2020
      • Personal accident insurance
        • Table Australian Personal Accident Insurance - Direct Written Premium (AUD Billion), 2011-2015
        • Table Australian Personal Accident Insurance - Direct Written Premium (AUD Billion), 2015-2020
        • Table Australian Personal Accident Insurance - Loss Ratio (%), 2011-2015
        • Table Australian Personal Accident Insurance - Loss Ratio (%), 2015-2020
      • Travel insurance
        • Table Australian Travel Insurance - Direct Written Premium (AUD Million), 2011-2015
        • Table Australian Travel Insurance - Direct Written Premium (AUD Billion), 2015-2020
        • Table Australian Travel Insurance - Loss Ratio (%), 2011-2015
        • Table Australian Travel Insurance - Loss Ratio (%), 2015-2020
      • Health insurance
        • Table Australian Health Insurance - Direct Written Premium (AUD Billion), 2011-2015
        • Table Australian Health Insurance - Direct Written Premium (AUD Billion), 2015-2020
        • Table Australian Health Insurance - Paid Claims (AUD Billion), 2011-2015
        • Table Australian Non-Life Health Insurance - Paid Claims (AUD Billion), 2015-2020
        • Table Australian Health Insurance - Loss Ratio (%), 2011-2015
        • Table Australian Health Insurance - Loss Ratio (%), 2015-2020
  • Analysis by Distribution Channel
  • Competitive Landscape and Strategic Insights
    • Overview
    • Leading Companies in the Australian Health Insurance Category
      • Table Australian Health Insurance - Category Shares, 2014
      • Medibank Private Ltd - company overview
        • Table Medibank Private Ltd - Key Facts
        • Table Medibank Private Ltd - Key Financials (AUD Million), 2010-2014
      • Bupa Australia Health Pty Ltd - company overview
        • Table Bupa Australia Health Pty Ltd - Key Facts
        • Table Bupa Australia Health Pty Ltd - Key Financials (AUD Million), 2010-2014
      • The Hospitals Contribution Fund of Australia Ltd - company overview
        • Table The Hospitals Contribution Fund of Australia Ltd - Key Facts
        • Table The Hospitals Contribution Fund of Australia Ltd - Key Financials (AUD Million), 2010-2014
      • nib Health Funds Ltd - company overview
        • Table nib Health Funds Ltd - Key Facts
        • Table nib Health Funds Ltd - Key Financials (AUD Million), 2010-2014
      • HBF Health Ltd - company overview
        • Table HBF Health Ltd - Key Facts
        • Table HBF Health Ltd - Key Financials (AUD Million), 2010-2014
      • Australian Unity Health Ltd - company overview
        • Table Australian Unity Health Ltd - Key Facts
        • Table Australian Unity Health Ltd - Key Financials (AUD Million), 2010-2014
      • Teachers Federation Health Ltd - company overview
        • Table Teachers Federation Health Ltd - Key Facts
        • Table Teachers Federation Health Ltd - Key Financials (AUD Million), 2010-2014
      • GMHBA Ltd - company overview
        • Table GMHBA Ltd - Key Facts
        • Table GMHBA Ltd - Key Financials (AUD Million), 2010-2014
      • Defence Health Ltd - company overview
        • Table Defence Health Ltd - Key Facts
        • Table Defence Health Ltd - Key Financials (AUD Million), 2010-2014
      • CBHS Health Fund Ltd - company overview
        • Table CBHS Health Fund Ltd - Key Facts
        • Table CBHS Health Fund Ltd - Key Financials (AUD Million), 2010-2014
  • 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)
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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