Non-Life Insurance in Australia - Market Summary, Competitive Analysis and Forecast to 2025
Non-Life Insurance in Australia - Market Summary, Competitive Analysis and Forecast to 2025
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.
- The Australian non-life insurance market had total gross written premiums of $48.3bn in 2020, representing a compound annual growth rate (CAGR) of 2.6% between 2016 and 2020.
- The property segment was the market's most lucrative in 2020, with total gross written premiums of $17.5bn, equivalent to 36.1% of the market's overall value.
- The future of the pandemic remains uncertain, which makes it difficult to predict the long-term performance of the non-life insurance market. However, it is already clear that insurers will need to adapt.
- 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
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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 leading players follow?
7.4. What are the strengths of leading players?
7.5. How are leading players incorporating new technology into their business strategy?
7.6. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Insurance Australia Group Ltd
8.2. Suncorp 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 leading players follow?
7.4. What are the strengths of leading players?
7.5. How are leading players incorporating new technology into their business strategy?
7.6. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Insurance Australia Group Ltd
8.2. Suncorp 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
Table 2: Australia non–life insurance market category segmentation: $ billion, 2020
Table 3: Australia non–life insurance market geography segmentation: $ billion, 2020
Table 4: Australia non-life insurance market value forecast: $ billion, 2020–25
Table 5: Australia non-life insurance market share: % share, by value, 2020
Table 6: Insurance Australia Group Ltd: key facts
Table 7: Insurance Australia Group Ltd: Annual Financial Ratios
Table 8: Insurance Australia Group Ltd: Key Employees
Table 9: Suncorp Group Ltd: key facts
Table 10: Suncorp Group Ltd: Annual Financial Ratios
Table 11: Suncorp Group Ltd: Key Employees
Table 12: QBE Insurance Group Limited: key facts
Table 13: QBE Insurance Group Limited: Annual Financial Ratios
Table 14: QBE Insurance Group Limited: Key Employees
Table 15: QBE Insurance Group Limited: Key Employees Continued
Table 16: Allianz SE: key facts
Table 17: Allianz SE: Annual Financial Ratios
Table 18: Allianz SE: Key Employees
Table 19: Allianz SE: Key Employees Continued
Table 20: Australia size of population (million), 2016–20
Table 21: Australia gdp (constant 2005 prices, $ billion), 2016–20
Table 22: Australia gdp (current prices, $ billion), 2016–20
Table 23: Australia inflation, 2016–20
Table 24: Australia consumer price index (absolute), 2016–20
Table 25: Australia exchange rate, 2016–20
Table 1: Australia non-life insurance market value: $ billion, 2016–20
Table 2: Australia non–life insurance market category segmentation: $ billion, 2020
Table 3: Australia non–life insurance market geography segmentation: $ billion, 2020
Table 4: Australia non-life insurance market value forecast: $ billion, 2020–25
Table 5: Australia non-life insurance market share: % share, by value, 2020
Table 6: Insurance Australia Group Ltd: key facts
Table 7: Insurance Australia Group Ltd: Annual Financial Ratios
Table 8: Insurance Australia Group Ltd: Key Employees
Table 9: Suncorp Group Ltd: key facts
Table 10: Suncorp Group Ltd: Annual Financial Ratios
Table 11: Suncorp Group Ltd: Key Employees
Table 12: QBE Insurance Group Limited: key facts
Table 13: QBE Insurance Group Limited: Annual Financial Ratios
Table 14: QBE Insurance Group Limited: Key Employees
Table 15: QBE Insurance Group Limited: Key Employees Continued
Table 16: Allianz SE: key facts
Table 17: Allianz SE: Annual Financial Ratios
Table 18: Allianz SE: Key Employees
Table 19: Allianz SE: Key Employees Continued
Table 20: Australia size of population (million), 2016–20
Table 21: Australia gdp (constant 2005 prices, $ billion), 2016–20
Table 22: Australia gdp (current prices, $ billion), 2016–20
Table 23: Australia inflation, 2016–20
Table 24: Australia consumer price index (absolute), 2016–20
Table 25: Australia exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Australia non-life insurance market value: $ billion, 2016–20
Figure 2: Australia non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Australia non–life insurance market geography segmentation: % share, by value, 2020
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
Figure 1: Australia non-life insurance market value: $ billion, 2016–20
Figure 2: Australia non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Australia non–life insurance market geography segmentation: % share, by value, 2020
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
