Australia Non-Life Insurance Market to 2027
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Australia Non-Life Insurance Market to 2027
Summary
Non-Life Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). 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 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The Australian non-life insurance market had total gross written premiums of $54.9 billion in 2022, representing a compound annual growth rate (CAGR) of 5.2% between 2017 and 2022.
- The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $13.2 billion, equivalent to 24% of the market's overall value.
- In 2022, the Australian non-life insurance market witnessed an annual growth of 8.1% due to the increase in the number of active non-life insurance policies which reached 93,037 in 2022 (according to in-house research).
- 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 2022?
- What will be the size of the Australia non-life insurance market in 2027?
- 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 are the strengths of the leading players?
8 COMPANY PROFILES
8.1. Allianz SE
8.2. Insurance Australia Group Ltd
8.3. Suncorp Group Ltd
8.4. QBE Insurance Group Ltd
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 are the strengths of the leading players?
8 COMPANY PROFILES
8.1. Allianz SE
8.2. Insurance Australia Group Ltd
8.3. Suncorp Group Ltd
8.4. QBE Insurance Group Ltd
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, 2017–22
Table 2: Australia non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Australia non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Australia non–life insurance market geography segmentation: $ billion, 2022
Table 5: Australia non-life insurance market value forecast: $ billion, 2022–27
Table 6: Australia non-life insurance market share: % share, by value, 2022
Table 7: Allianz SE: key facts
Table 8: Allianz SE: Annual Financial Ratios
Table 9: Allianz SE: Key Employees
Table 10: Allianz SE: Key Employees Continued
Table 11: Insurance Australia Group Ltd: key facts
Table 12: Insurance Australia Group Ltd: Annual Financial Ratios
Table 13: Insurance Australia Group Ltd: Key Employees
Table 14: Suncorp Group Ltd: key facts
Table 15: Suncorp Group Ltd: Annual Financial Ratios
Table 16: Suncorp Group Ltd: Key Employees
Table 17: QBE Insurance Group Ltd: key facts
Table 18: QBE Insurance Group Ltd: Annual Financial Ratios
Table 19: QBE Insurance Group Ltd: Key Employees
Table 20: QBE Insurance Group Ltd: Key Employees Continued
Table 21: Australia size of population (million), 2018–22
Table 22: Australia gdp (constant 2005 prices, $ billion), 2018–22
Table 23: Australia gdp (current prices, $ billion), 2018–22
Table 24: Australia inflation, 2018–22
Table 25: Australia consumer price index (absolute), 2018–22
Table 26: Australia exchange rate, 2018–22
Table 1: Australia non-life insurance market value: $ billion, 2017–22
Table 2: Australia non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Australia non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Australia non–life insurance market geography segmentation: $ billion, 2022
Table 5: Australia non-life insurance market value forecast: $ billion, 2022–27
Table 6: Australia non-life insurance market share: % share, by value, 2022
Table 7: Allianz SE: key facts
Table 8: Allianz SE: Annual Financial Ratios
Table 9: Allianz SE: Key Employees
Table 10: Allianz SE: Key Employees Continued
Table 11: Insurance Australia Group Ltd: key facts
Table 12: Insurance Australia Group Ltd: Annual Financial Ratios
Table 13: Insurance Australia Group Ltd: Key Employees
Table 14: Suncorp Group Ltd: key facts
Table 15: Suncorp Group Ltd: Annual Financial Ratios
Table 16: Suncorp Group Ltd: Key Employees
Table 17: QBE Insurance Group Ltd: key facts
Table 18: QBE Insurance Group Ltd: Annual Financial Ratios
Table 19: QBE Insurance Group Ltd: Key Employees
Table 20: QBE Insurance Group Ltd: Key Employees Continued
Table 21: Australia size of population (million), 2018–22
Table 22: Australia gdp (constant 2005 prices, $ billion), 2018–22
Table 23: Australia gdp (current prices, $ billion), 2018–22
Table 24: Australia inflation, 2018–22
Table 25: Australia consumer price index (absolute), 2018–22
Table 26: Australia exchange rate, 2018–22
LIST OF FIGURES
Figure 1: Australia non-life insurance market value: $ billion, 2017–22
Figure 2: Australia non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Australia non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: Australia non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in Australia, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Australia, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Australia, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Australia, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Australia, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Australia, 2022
Figure 11: Australia non-life insurance market share: % share, by value, 2022
Figure 1: Australia non-life insurance market value: $ billion, 2017–22
Figure 2: Australia non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Australia non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: Australia non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in Australia, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Australia, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Australia, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Australia, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Australia, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Australia, 2022
Figure 11: Australia non-life insurance market share: % share, by value, 2022