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  4. > Non-Life Insurance in Australia

Non-Life Insurance in Australia

  • January 2016
  • -
  • MarketLine
  • -
  • 36 pages

Introduction

Non-Life Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Australia non-life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others.

- The Australian non-life insurance market is expected to generate total gross written premiums of $32.8bn in 2015, representing a compound annual growth rate (CAGR) of 5.8% between 2011 and 2015.

- The motor segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $12.5bn, equivalent to 38.3% of the market's overall value.

- The strong growth seen in this market prior to 2014 can largely be attributed to an expansion in property related business, which in turn led to an increase in fire and house insurance policies.

Features

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

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

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

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

- Macroeconomic indicators provide insight into general trends within the Australia economy

Key Questions Answered

- What was the size of the Australia non-life insurance market by value in 2015?

- What will be the size of the Australia non-life insurance market in 2020?

- What factors are affecting the strength of competition in the Australia non-life insurance market?

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

- Who are the top competitiors in Australia's non-life insurance market?

Table Of Contents

Non-Life Insurance in Australia
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 16
New entrants 18
Threat of substitutes 19
Degree of rivalry 20
Leading Companies 21
Allianz Australia Limited 21
Insurance Australia Group Limited 22
QBE Insurance Group Limited 25
Suncorp Group Limited 28
Macroeconomic Indicators 31
Country Data 31
Methodology 33
Industry associations 34
Related MarketLine research 34
Appendix 35
About MarketLine 35

List of Tables
Table 1: Australia non-life insurance market value: $ billion, 2011-15(e)
Table 2: Australia non-life insurance market category segmentation: $ billion, 2015(e)
Table 3: Australia non-life insurance market geography segmentation: $ billion, 2015(e)
Table 4: Australia non-life insurance market share: % share, by value, 2015(e)
Table 5: Australia non-life insurance market value forecast: $ billion, 2015-20
Table 6: Allianz Australia Limited: key facts
Table 7: Insurance Australia Group Limited: key facts
Table 8: Insurance Australia Group Limited: key financials ($)
Table 9: Insurance Australia Group Limited: key financials (A$)
Table 10: Insurance Australia Group Limited: key financial ratios
Table 11: QBE Insurance Group Limited: key facts
Table 12: QBE Insurance Group Limited: key financials ($)
Table 13: QBE Insurance Group Limited: key financial ratios
Table 14: Suncorp Group Limited: key facts
Table 15: Suncorp Group Limited: key financials ($)
Table 16: Suncorp Group Limited: key financials (A$)
Table 17: Suncorp Group Limited: key financial ratios
Table 18: Australia size of population (million), 2011-15
Table 19: Australia gdp (constant 2005 prices, $ billion), 2011-15
Table 20: Australia gdp (current prices, $ billion), 2011-15
Table 21: Australia inflation, 2011-15
Table 22: Australia consumer price index (absolute), 2011-15
Table 23: Australia exchange rate, 2011-15

List of Figures
Figure 1: Australia non-life insurance market value: $ billion, 2011-15(e)
Figure 2: Australia non-life insurance market category segmentation: % share, by value, 2015(e)
Figure 3: Australia non-life insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: Australia non-life insurance market share: % share, by value, 2015(e)
Figure 5: Australia non-life insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the non-life insurance market in Australia, 2015
Figure 7: Drivers of buyer power in the non-life insurance market in Australia, 2015
Figure 8: Drivers of supplier power in the non-life insurance market in Australia, 2015
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in Australia, 2015
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in Australia, 2015
Figure 11: Drivers of degree of rivalry in the non-life insurance market in Australia, 2015
Figure 12: Insurance Australia Group Limited: revenues and profitability
Figure 13: Insurance Australia Group Limited: assets and liabilities
Figure 14: QBE Insurance Group Limited: revenues and profitability
Figure 15: QBE Insurance Group Limited: assets and liabilities
Figure 16: Suncorp Group Limited: revenues and profitability
Figure 17: Suncorp Group Limited: assets and liabilities

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