Non-Life Insurance in Australia
Non-Life Insurance in Australia
Summary
Non-Life Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Non-Life Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the 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 2019 annual average exchange rates.
- The Australian non-life insurance market is forecast to generate total gross written premiums of $42.5bn in 2020, representing a compound annual rate of change (CARC) of -0.9% between 2016 and 2020.
- The liability segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $17.3bn, equivalent to 40.6% of the market's overall value.
- High levels of household disposable income, alongside lower consumer confidence in 2020, will boost sales for non-life insurance products; however, low interest rates will keep profits low.
- 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
- What was the size of the Australia non-life insurance market by value in 2020?
- What will be the size of the Australia non-life insurance market in 2025?
- 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?
- What are the main segments that make up Australia's non-life insurance market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the sector?
8 COMPANY PROFILES
8.1. Suncorp Group Ltd
8.2. Insurance Australia Group Ltd
8.3. QBE Insurance Group Limited
8.4. Allianz SE
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the sector?
8 COMPANY PROFILES
8.1. Suncorp Group Ltd
8.2. Insurance Australia Group Ltd
8.3. QBE Insurance Group Limited
8.4. Allianz SE
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Australia non-life insurance market value: $ billion, 2016-20(e)
Table 2: Australia non-life insurance market category segmentation: $ billion, 2020(e)
Table 3: Australia non-life insurance market geography segmentation: $ billion, 2020(e)
Table 4: Australia non-life insurance market value forecast: $ billion, 2020-25
Table 5: Australia non-life insurance market share: % share, by value, 2020(e)
Table 6: Suncorp Group Ltd: key facts
Table 7: Suncorp Group Ltd: Key Employees
Table 8: Insurance Australia Group Ltd: key facts
Table 9: Insurance Australia Group Ltd: Key Employees
Table 10: QBE Insurance Group Limited: key facts
Table 11: QBE Insurance Group Limited: Key Employees
Table 12: QBE Insurance Group Limited: Key Employees Continued
Table 13: Allianz SE: key facts
Table 14: Allianz SE: Key Employees
Table 15: Allianz SE: Key Employees Continued
Table 16: Australia size of population (million), 2016-20
Table 17: Australia gdp (constant 2005 prices, $ billion), 2016-20
Table 18: Australia gdp (current prices, $ billion), 2016-20
Table 19: Australia inflation, 2016-20
Table 20: Australia consumer price index (absolute), 2016-20
Table 21: Australia exchange rate, 2015-19
Table 1: Australia non-life insurance market value: $ billion, 2016-20(e)
Table 2: Australia non-life insurance market category segmentation: $ billion, 2020(e)
Table 3: Australia non-life insurance market geography segmentation: $ billion, 2020(e)
Table 4: Australia non-life insurance market value forecast: $ billion, 2020-25
Table 5: Australia non-life insurance market share: % share, by value, 2020(e)
Table 6: Suncorp Group Ltd: key facts
Table 7: Suncorp Group Ltd: Key Employees
Table 8: Insurance Australia Group Ltd: key facts
Table 9: Insurance Australia Group Ltd: Key Employees
Table 10: QBE Insurance Group Limited: key facts
Table 11: QBE Insurance Group Limited: Key Employees
Table 12: QBE Insurance Group Limited: Key Employees Continued
Table 13: Allianz SE: key facts
Table 14: Allianz SE: Key Employees
Table 15: Allianz SE: Key Employees Continued
Table 16: Australia size of population (million), 2016-20
Table 17: Australia gdp (constant 2005 prices, $ billion), 2016-20
Table 18: Australia gdp (current prices, $ billion), 2016-20
Table 19: Australia inflation, 2016-20
Table 20: Australia consumer price index (absolute), 2016-20
Table 21: Australia exchange rate, 2015-19
LIST OF FIGURES
Figure 1: Australia non-life insurance market value: $ billion, 2016-20(e)
Figure 2: Australia non-life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Australia non-life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Australia non-life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the non-life insurance market in Australia, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Australia, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Australia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Australia, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Australia, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Australia, 2020
Figure 11: Australia non-life insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
Suncorp Group Ltd
Insurance Australia Group Ltd
QBE Insurance Group Limited
Allianz SE
Figure 1: Australia non-life insurance market value: $ billion, 2016-20(e)
Figure 2: Australia non-life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Australia non-life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Australia non-life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the non-life insurance market in Australia, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Australia, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Australia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Australia, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Australia, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Australia, 2020
Figure 11: Australia non-life insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
Suncorp Group Ltd
Insurance Australia Group Ltd
QBE Insurance Group Limited
Allianz SE
