Australian Insurance Marketplace Assessed by BMI in New Cutting-edge Research Study Available at MarketPublishers.com15 Feb 2016 • by Natalie Aster
LONDON – At the beginning of 2016, the Australian insurance market has seen positive general trends. Owing primarily to net immigration, the country’s population is booming. This is expected to contribute to an ongoing upsurge in overall economic activity in the years to come, even if the tempo of expansion is slower compared to that in the recent past. The life segment will likely reap benefits from the further expansion of superannuation funds, from innovation by life insurance firms, and from soaring demand for annuities and other solutions for retirement income. The non-life segment is likely to benefit from the growth in volume terms – though players in a great many sub-sectors are expected to keep on facing downward price pressure. However, the health insurance sub-sector is an exception to this, where insurance companies are set to benefit from surging volumes as well as, due to inflation in costs of healthcare, rates.
The expansion of the non-life segment keeps on being underpinned by the rise of the private health insurance. The demand for health insurance is being fuelled by tax incentives, the mushrooming population boom, and also the ageing population.
AMP Limited, Comminsure/CFSGAM, QBE Insurance Group, Insurance Australia Group and Suncorp Group Limited are the leading players operating in the national insurance industry.
New market research report “Australia Insurance Report Q2 2016” elaborated by BMI RESEARCH draws up a comprehensive picture of the insurance industry in Australia. It provides a granular SWOT analysis for the country’s insurance market, as well as provides detailed industry forecast to 2019.The report gives an overview of the insurance claims by sector over 2009-2014, and offers detailed forecasts to 2019 of the premiums earned by the life insurance sector, non-life insurance sector, and non-life insurance sub-sector. It provides granular risk/reward ratings (RRRs) for the industry in the Asia-Pacific region for Q2 2016. The research publication takes an up-close look at the life insurance market and the non-life insurance market. Furthermore, the report casts light on the competitive landscape, and gives an in-depth examination of the leading five industry players along with their product offerings.
Australia Insurance Report Q2 2016
Published: February, 2016
Price: US$ 1,295.00
More reports by the publisher can be found at BMI page.