Insurance in Australia - Market Summary, Competitive Analysis and Forecast to 2025

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 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 had total gross written premiums of $62.9bn in 2020, representing a compound annual rate of change (CARC) of -5.4% between 2016 and 2020.
The non-life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $48.3bn, equivalent to 76.8% 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.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, 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

Reasons to Buy

What was the size of the Australia machinery market by value in 2020?
What will be the size of the Australia machinery market in 2025?
What factors are affecting the strength of competition in the Australia machinery market?
How has the market performed over the last five years?
What are the main segments that make up Australia's machinery 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 leading players follow?
7.4. What are the strengths of leading players?
7.5. How are leading players incorporating new technology into their business strategies?
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 Research
10.4. About The Publisher

List of Tables

Table 1: Australia insurance market value: $ billion, 2016 - 20
Table 2: Australia insurance market category segmentation: $ billion, 2020
Table 3: Australia insurance market geography segmentation: $ billion, 2020
Table 4: Australia insurance market value forecast: $ billion, 2020 - 25
Table 5: Australia 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 insurance market value: $ billion, 2016 - 20
Figure 2: Australia insurance market category segmentation: % share, by value, 2020
Figure 3: Australia insurance market geography segmentation: % share, by value, 2020
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

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Insurance Australia Group Ltd
Suncorp Group Ltd
QBE Insurance Group Limited
Allianz SE

Table Information

Report Attribute	Details
No. of Pages	46
Published	November 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 62.91 Billion
Forecasted Market Value ( USD ) by 2025	$ 71.94 Billion
Compound Annual Growth Rate	2.7%
Regions Covered	Australia

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€346EUR$350USD£288GBP
SITE LICENSE PDF	The product is a PDF.	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€691EUR$700USD£575GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€1037EUR$1,050USD£863GBP

Key Highlights

Scope

Reasons to Buy

Table of Contents

Companies Mentioned (Partial List)

Table Information

Related Topics

Related Reports

Non-Life Insurance Global Group of Eight (G8) Industry Guide 2018-2027

Non-Life Insurance BRIC (Brazil, Russia, India, China) Industry Guide 2018-2027

General Insurance in Australia - Industry Market Research Report

Global Direct General Insurance Carriers - Industry Market Research Report

Telecommunication Insurance Market Report 2024