Insurance in Australia
Insurance in Australia
Summary
Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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
Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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 insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Australian insurance market is forecast to generate total gross written premiums of $63.4bn in 2020, representing a compound annual rate of change (CARC) of -5.4% between 2016 and 2020.
- The non-life insurance segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $42.5bn, equivalent to 67% of the market's overall value.
- One of the main drivers of insurance spending is consumer confidence.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Australia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Australia
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Australia insurance market with five year forecasts by both value and volume
- What was the size of the Australia insurance market by value in 2020?
- What will be the size of the Australia insurance market in 2025?
- What factors are affecting the strength of competition in the Australia insurance market?
- How has the market performed over the last five years?
- How large is Australia’s insurance market in relation to its regional counterparts?
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 the COVID-19 outbreak has 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 the COVID-19 outbreak has 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 insurance market value: $ billion, 2016-20(e)
Table 2: Australia insurance market category segmentation: $ billion, 2020(e)
Table 3: Australia insurance market geography segmentation: $ billion, 2020(e)
Table 4: Australia insurance market value forecast: $ billion, 2020-25
Table 5: Australia insurance market share: % share, by value, 2020(e)
Table 7: Suncorp Group Ltd: Key Employees
Table 9: Insurance Australia Group Ltd: Key Employees
Table 11: QBE Insurance Group Limited: Key Employees
Table 12: QBE Insurance Group Limited: Key Employees Continued
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 insurance market value: $ billion, 2016-20(e)
Table 2: Australia insurance market category segmentation: $ billion, 2020(e)
Table 3: Australia insurance market geography segmentation: $ billion, 2020(e)
Table 4: Australia insurance market value forecast: $ billion, 2020-25
Table 5: Australia insurance market share: % share, by value, 2020(e)
Table 7: Suncorp Group Ltd: Key Employees
Table 9: Insurance Australia Group Ltd: Key Employees
Table 11: QBE Insurance Group Limited: Key Employees
Table 12: QBE Insurance Group Limited: Key Employees Continued
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 insurance market value: $ billion, 2016-20(e)
Figure 2: Australia insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Australia insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Australia insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance market in Australia, 2020
Figure 6: Drivers of buyer power in the insurance market in Australia, 2020
Figure 7: Drivers of supplier power in the insurance market in Australia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Australia, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Australia, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Australia, 2020
Figure 11: Australia 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 insurance market value: $ billion, 2016-20(e)
Figure 2: Australia insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Australia insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Australia insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance market in Australia, 2020
Figure 6: Drivers of buyer power in the insurance market in Australia, 2020
Figure 7: Drivers of supplier power in the insurance market in Australia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Australia, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Australia, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Australia, 2020
Figure 11: Australia insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
Suncorp Group Ltd
Insurance Australia Group Ltd
QBE Insurance Group Limited
Allianz SE
