Non-Life Insurance in Australia

Market: Non-Life Insurance

Australia, 38 pages report, published by MarketLine

Keywords : Non-Life Insurance, Australia, MarketLine

Report ThumbnailDecember-2016
Summary
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.

Key Findings
- 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

Synopsis
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.

Reasons To Buy
- 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 competitors in Australia's non-life insurance market?

Key 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 value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2015 annual average exchange rates.

The Australian non-life insurance market had total gross written premiums of $27.1bn in 2015, representing a compound annual growth rate (CAGR) of 5.6% between 2011 and 2015.

The motor segment was the market's most lucrative in 2015, with total gross written premiums of $10.4bn, equivalent to 38.5% of the market's overall value.

Most players in this market focus on one type of insurance however recently, companies have broadened their scope, increasing competition in the different sub-sections of this market.
  • Figure 1: Australia non-life insurance market value: $ billion, 2011–15
  • Figure 2: Australia non–life insurance market category segmentation: % share, by value, 2015
  • Figure 3: Australia non–life insurance market geography segmentation: % share, by value, 2015
  • Figure 4: Australia non-life insurance market share: % share, by value, 2015
  • 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: Allianz Group: revenues & profitability
  • Figure 13: Allianz Group: assets & liabilities
  • Figure 14: Insurance Australia Group Limited: revenues & profitability
  • Figure 15: Insurance Australia Group Limited: assets & liabilities
  • Figure 16: QBE Insurance Group Limited: revenues & profitability
  • Figure 17: QBE Insurance Group Limited: assets & liabilities
  • Figure 18: Suncorp Group Limited: revenues & profitability
  • Figure 19: Suncorp Group Limited: assets & liabilities
  • Table 1: Australia non-life insurance market value: $ billion, 2011–15
  • Table 2: Australia non–life insurance market category segmentation: $ billion, 2015
  • Table 3: Australia non–life insurance market geography segmentation: $ billion, 2015
  • Table 4: Australia non-life insurance market share: % share, by value, 2015
  • Table 5: Australia non-life insurance market value forecast: $ billion, 2015–20
  • Table 6: Allianz Group: key facts
  • Table 7: Allianz Group: key financials ($)
  • Table 8: Allianz Group: key financials (€)
  • Table 9: Allianz Group: key financial ratios
  • Table 10: Insurance Australia Group Limited: key facts
  • Table 11: Insurance Australia Group Limited: key financials ($)
  • Table 12: Insurance Australia Group Limited: key financials (A$)
  • Table 13: Insurance Australia Group Limited: key financial ratios
  • Table 14: QBE Insurance Group Limited: key facts
  • Table 15: QBE Insurance Group Limited: key financials ($)
  • Table 16: QBE Insurance Group Limited: key financial ratios
  • Table 17: Suncorp Group Limited: key facts
  • Table 18: Suncorp Group Limited: key financials ($)
  • Table 19: Suncorp Group Limited: key financials (A$)
  • Table 20: Suncorp Group Limited: key financial ratios
  • Table 21: Australia size of population (million), 2011–15
  • Table 22: Australia gdp (constant 2005 prices, $ billion), 2011–15
  • Table 23: Australia gdp (current prices, $ billion), 2011–15
  • Table 24: Australia inflation, 2011–15
  • Table 25: Australia consumer price index (absolute), 2011–15
  • Table 26: Australia exchange rate, 2011–15
  • 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
  • Allianz Group
  • Insurance Australia Group Limited
  • QBE Insurance Group Limited
  • Suncorp Group Limited
  • Macroeconomic Indicators
  • Country data
  • Methodology
  • Industry associations
  • Related MarketLine research
  • Appendix
  • About MarketLine

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