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Reinsurance in Australia, Key Trends and Opportunities to 2020

Reinsurance in Australia, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Reinsurance in Australia, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Australian reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011–2015) and forecast period (2015–2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Australian economy and demographics, and provides detailed analysis of natural hazards and their impact on the Australian insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary

Timetric’s 'Reinsurance in Australia, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Australian reinsurance segment, including:

  • The Australian reinsurance segment’s growth prospects by reinsurance ceded from direct insurance
  • A comprehensive overview of the Australian economy and demographics
  • Detailed analysis of natural hazards and their impact on the Australian insurance industry
  • The competitive landscape in the Australian reinsurance segment
Scope

This report provides a comprehensive analysis of the reinsurance segment in Australia:
  • It provides historical values for the Australian reinsurance 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 reinsurance segment, and market forecasts to 2020.
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Australia, and the reinsurance segment's growth prospects.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Australian reinsurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Australian reinsurance 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 premium accepted by the Australian reinsurance segment grew at a review-period CAGR of 5.7%.
  • Due to natural disasters such as the Queensland floods and Cyclone Yasi in 2011, premium rates for some classes of reinsurance increased by more than 50%. Insurers had to increase prices to remain solvent.
  • The reinsurance segment is highly competitive, with seven reinsurers providing cover for life insurers and 12 providing cover for non-life insurers.
  • Competition among reinsurers in Australia is based on price, as capital inflows are high and demand for reinsurance is relatively low.
  • The segment is expected to consolidate over the forecast period, as smaller reinsurers are expected to merge with larger reinsurers due to high competition and falling renewal rates.


  • Key Facts
    • Table Australian Reinsurance - Key Facts, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Australian Government Credit Ratings
  • Reinsurance Growth Dynamics and Challenges
    • Reinsurance Segment Size, 2011-2020
      • Table Australian Reinsurance - Premium Accepted (AUD Billion), 2011-2015
      • Table Australian Reinsurance - Premium Accepted (AUD Billion), 2015-2020
    • Reinsurance Segment Size by Premium Ceded, 2011-2020
      • Table Australian Reinsurance - Premium Ceded by Type of Insurance (AUD Billion), 2011-2015
      • Table Australian Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2011-2015
      • Table Australian Reinsurance - Premium Ceded by Type of Insurance (AUD Billion), 2015-2020
      • Table Australian Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2015-2020
      • Table Australian Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2015
      • Table Australian Life Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
      • Table Australian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2015
      • Table Australian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
      • Table Australian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2011-2015
      • Table Australian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
  • Key Industry Drivers
    • Reinsurance Drivers
    • Life Insurance Drivers
    • Non-Life Insurance Drivers
    • Personal Accident and Health Insurance Drivers
  • 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 and Strategic Insights
    • Overview
    • Leading Companies in the Australian Reinsurance Segment
      • Table Australian Life Reinsurance - Segment Shares (%), 2015
      • Table Australian Non-life Reinsurance - Segment Shares (%), 2015
      • Swiss Re Life & Health Australia Ltd - company overview
        • Table Swiss Re Life & Health Australia Ltd - Key Facts
      • RGA Reinsurance Company of Australia Ltd - company overview
        • Table RGA Reinsurance Company of Australia Ltd - Key Facts
      • Munich Reinsurance Company of Australasia Ltd - company overview
        • Table Munich Reinsurance Company of Australasia Ltd - Key Facts
      • Hannover Life Re of Australasia Ltd - company overview
        • Table Hannover Life Re of Australasia Ltd - Key Facts
      • General Reinsurance Life Australia Ltd - company overview
        • Table General Reinsurance Life Australia Ltd - Key Facts
        • Table General Reinsurance Life Australia Ltd - Key Financials (AUD Million), 2011-2015
      • Münchener Rückversicherungs-Gesellschaft (Munich Re) - company overview
        • Table Münchener Rückversicherungs-Gesellschaft (Munich Re) - Key Facts
        • Table Münchener Rückversicherungs-Gesellschaft (Munich Re) - Key Financials (AUD Million), 2011-2015
      • Swiss Reinsurance Company Ltd - company overview
        • Table Swiss Reinsurance Company Ltd - Key Facts
        • Table Swiss Reinsurance Company Ltd - Key Financials (AUD Million), 2011-2015
      • Hannover Rück SE - company overview
        • Table Hannover Rück SE - Key Facts
        • Table Hannover Rück SE - Key Financials (AUD Million), 2011-2015
      • General Reinsurance Australia Ltd - company overview
        • Table General Reinsurance Australia Ltd - Key Facts
        • Table General Reinsurance Australia Ltd - Key Financials (AUD Million), 2011-2015
      • Scor Reinsurance Asia-Pacific Pte Ltd - company overview
        • Table Scor Reinsurance Asia-Pacific Pte Ltd - Key Facts
        • Table Scor Reinsurance Asia-Pacific Pte Ltd - Key Financials (AUD Million), 2011-2015
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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