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

  • April 2016
  • 123 pages
  • Timetric
Report ID: 1639166

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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.

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