Insurance in Australia

Insurance in Australia



Summary



Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.



Key Highlights



– The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.

– The Australian insurance market had total gross written premiums of $79.1bn in 2018, representing a compound annual rate of change (CARC) of -3.5% between 2014 and 2018.

– The non-life insurance segment was the market’s most lucrative in 2018, with total gross written premiums of $49.0bn, equivalent to 61.9% of the market’s overall value.

– A hike in premiums of motor insurance in 2016 led the market’s growth to accelerate that year.



Scope



– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Australia

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Australia

– Leading company profiles reveal details of key insurance market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the Australia insurance market with five year forecasts



Reasons to Buy



– What was the size of the Australia insurance market by value in 2018?

– What will be the size of the Australia insurance market in 2023?

– What factors are affecting the strength of competition in the Australia insurance market?

– How has the market performed over the last five years?

– Who are the top competitiors in Australia’s insurance market?



Companies Mentioned:

Suncorp Group Ltd

Insurance Australia Group Ltd

QBE Insurance Group Limited

Allianz SE

Ritesh Tiwari is the Founder of Research By Markets. He has more than 7 years experience in the Market Research industry and a total experience spanning 18+ years. His core experience is in Sales and International Recruitments. Ritesh is a big foodie and a huge football fan, supporting Manchester United (EPL) and FC Barcelona (La Liga). He hardly misses watching any matches when these teams are playing. Get in touch with Ritesh via: enquiry@researchbymarkets.com *Industry Press Release is a part of Research By Markets.