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Insurance in Australia

  • January 2017
  • -
  • MarketLine
  • -
  • 36 pages

Summary
Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: 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.

Key Findings
- 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

Synopsis
Essential resource for top-line data and analysis covering the Australia insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Reasons To Buy
- What was the size of the Australia insurance market by value in 2015?
- What will be the size of the Australia insurance market in 2020?
- What factors are affecting the strength of competition in the Australia insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Australia's insurance market?

Key Findings
The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

The Australian insurance market had total gross written premiums of $70.8bn in 2015, representing a compound annual growth rate (CAGR) of 6.7% between 2011 and 2015.

The life Insurance segment was the market's most lucrative in 2015, with total gross written premiums of $43.7bn, equivalent to 61.7% of the market's overall value.

Strong growth in non-life segment prior to 2014 can be attributed to expanded property related business, causing a subsequent increase in fire and house insurance.

Table Of Contents

Insurance in Australia
Table of Contents
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
ACE Insurance Limited
Allianz Group
QBE Insurance Group Limited
Suncorp Group Limited
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine


List of Tables
Table 1: Australia insurance market value: $ billion, 2011-15
Table 2: Australia insurance market category segmentation: $ billion, 2015
Table 3: Australia insurance market geography segmentation: $ billion, 2015
Table 4: Australia insurance market share: % share, by value, 2015
Table 5: Australia insurance market value forecast: $ billion, 2015-20
Table 6: ACE Insurance Limited: key facts
Table 7: Allianz Group: key facts
Table 8: Allianz Group: key financials ($)
Table 9: Allianz Group: key financials (€)
Table 10: Allianz Group: key financial ratios
Table 11: QBE Insurance Group Limited: key facts
Table 12: QBE Insurance Group Limited: key financials ($)
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 insurance market value: $ billion, 2011-15
Figure 2: Australia insurance market category segmentation: % share, by value, 2015
Figure 3: Australia insurance market geography segmentation: % share, by value, 2015
Figure 4: Australia insurance market share: % share, by value, 2015
Figure 5: Australia insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the insurance market in Australia, 2015
Figure 7: Drivers of buyer power in the insurance market in Australia, 2015
Figure 8: Drivers of supplier power in the insurance market in Australia, 2015
Figure 9: Factors influencing the likelihood of new entrants in the insurance market in Australia, 2015
Figure 10: Factors influencing the threat of substitutes in the insurance market in Australia, 2015
Figure 11: Drivers of degree of rivalry in the insurance market in Australia, 2015
Figure 12: Allianz Group: revenues and profitability
Figure 13: Allianz Group: 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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