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Life Insurance in Australia, MarketLine

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

Introduction

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 life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2014 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

- The Australian life insurance market is expected to generate total gross written premiums of $60.7bn in 2015, representing a compound annual growth rate (CAGR) of 11.3% between 2011 and 2015.

- The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $33.5bn, equivalent to 55.3% of the market's overall value.

- Growth in this country is largely being driven by strong equity markets, which are benefiting the investment side of life insurer businesses.

Features

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

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

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

- Add weight to presentations and pitches by understanding the future growth prospects of the Australia 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 life insurance market by value in 2015?

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

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

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

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

Table Of Contents

Life Insurance in Australia, MarketLine
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 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
AMP Limited 19
Commonwealth Bank of Australia 23
National Australia Bank Group Limited 27
TAL 30
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 life insurance market value: $ billion, 2011-15(e)
Table 2: Australia life insurance market category segmentation: $ billion, 2015(e)
Table 3: Australia life insurance market geography segmentation: $ billion, 2015(e)
Table 4: Australia life insurance market share: % share, by value, 2015(e)
Table 5: Australia life insurance market value forecast: $ billion, 2015-20
Table 6: AMP Limited: key facts
Table 7: AMP Limited: key financials ($)
Table 8: AMP Limited: key financials (A$)
Table 9: AMP Limited: key financial ratios
Table 10: Commonwealth Bank of Australia: key facts
Table 11: Commonwealth Bank of Australia: key financials ($)
Table 12: Commonwealth Bank of Australia: key financials (A$)
Table 13: Commonwealth Bank of Australia: key financial ratios
Table 14: National Australia Bank Group Limited: key facts
Table 15: National Australia Bank Group Limited: key financials ($)
Table 16: National Australia Bank Group Limited: key financials (A$)
Table 17: National Australia Bank Group Limited: key financial ratios
Table 18: TAL: key facts
Table 19: Australia size of population (million), 2011-15
Table 20: Australia gdp (constant 2005 prices, $ billion), 2011-15
Table 21: Australia gdp (current prices, $ billion), 2011-15
Table 22: Australia inflation, 2011-15
Table 23: Australia consumer price index (absolute), 2011-15
Table 24: Australia exchange rate, 2011-15

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

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