Non-Life Insurance in Australia

December 2025 | 42 pages | ID: N77B80E7EA4EN
MarketLine

Abstracts

Non-Life Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). 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 recorded gross written premiums of $62.5 billion in 2024, representing a compound annual growth rate (CAGR) of 6.2% between 2019 and 2024.
• The property segment accounted for the market's largest proportion in 2024, with total gross written premiums of $16.1 billion, equivalent to 25.8% of the market's overall value.
• In 2024, Australia accounted for a 12.5% share of the Asia-Pacific non-life insurance market.

Scope

• Save time carrying out entry-level research by identifying the size, growth, 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 by both value and volume

Reasons to Buy

• What was the size of the Australia non-life insurance market by value in 2024?
• What will be the size of the Australia non-life insurance market in 2029?
• 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?
• How large is Australia’s non-life insurance market in relation to its regional counterparts?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. 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. Who are the leading players?
7.2. What are the strengths and strategies of the leading players?
7.3. What are the most recent developments in the market?

8 COMPANY PROFILES

8.1. Allianz Australia Limited
8.2. Insurance Australia Group Ltd
8.3. QBE Insurance Group Ltd
8.4. AAI Limited

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

LIST OF TABLES

Table 1: Australia non-life insurance market value: $ billion, 2019-24
Table 2: Australia non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Australia non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Australia non-life insurance market geography segmentation: $ billion, 2024
Table 5: Australia non-life insurance market value forecast: $ billion, 2024-29
Table 6: Allianz Australia Limited: Key Facts
Table 7: Allianz Australia Limited: Key Employees
Table 8: Insurance Australia Group Ltd: Key Facts
Table 9: Insurance Australia Group Ltd: Annual Financial Ratios
Table 10: Insurance Australia Group Ltd: Key Employees
Table 11: QBE Insurance Group Ltd: Key Facts
Table 12: QBE Insurance Group Ltd: Annual Financial Ratios
Table 13: QBE Insurance Group Ltd: Key Employees
Table 14: QBE Insurance Group Ltd: Key Employees Continued
Table 15: AAI Limited: Key Facts
Table 16: AAI Limited: Key Employees
Table 17: Australia Size of Population (Million), 2020-24
Table 18: Australia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: Australia GDP (Current Prices, $ Billion), 2020-24
Table 20: Australia Inflation, 2020-24
Table 21: Australia Consumer Price Index (Absolute), 2020-24
Table 22: Australia Exchange Rate, 2019-24

List Of Figures

LIST OF FIGURES

Figure 1: Australia non-life insurance market value: $ billion, 2019-24
Figure 2: Australia non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Australia non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Australia non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Australia, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Australia, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Australia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Australia, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Australia, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Australia, 2024