Wednesday, July 24, 2013

Life Insurance Market in Australia, Key Trends and Opportunities to 2017



The report Life Insurance in Australia, Key Trends and Opportunities to 2017 by Timetric is now available at RnRMarketResearch.com. Contact sales@rnrmarketresearch.com with Life Insurance in Australia, Key Trends and Opportunities to 2017 in subject line and your contact details to purchase this report or get your questions answered.

During the review period (2008?2012), the Australian life insurance segment accounted for 48.1% of the industry’s total written premium value in 2012. The segment is also considered to be one of the most competitive of its kind in the Asia-Pacific region due to its stringent regulatory environment. The segment registered a positive annual growth rate during the financial crisis of 2008?2009. Over the forecast period (2012-2017), Australia’s life insurance growth will be driven by a number of factors, including government initiatives to promote life insurance, an aging population and the relatively low penetration of life insurance products in relation to other developed nations. As such, the segment’s written premium value is projected to increase at a forecast-period CAGR of 1.5%.


The report provides in depth market analysis, information and insights into the Australian life insurance market, including: The Australian life insurance market’s growth prospects by life insurance categories and customer segments. The various distribution channels in the Australian life insurance market. The competitive landscape in the Australian life insurance market.  A description of the life reinsurance market in Australia.

This report provides a comprehensive analysis of the life insurance market in Australia: It provides historical values for Australia’s life insurance market for the report’s 2008-2012 review period and forecast figures for the 2012-2017 forecast period. It offers a detailed analysis of the key sub-segments in Australia’s life insurance market, along with market forecasts until 2017. It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions. It analyses the various distribution channels for life insurance products in Australia. Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Australia for the life insurance business. It provides a detailed analysis of the reinsurance market in Australia and its growth prospects. It profiles the top life insurance companies in Australia and outlines the key regulations affecting them.


Make strategic business decisions using historic and forecast market data related to the Australian life insurance market and each sector within it. Understand the demand-side dynamics, key market trends and growth opportunities within the Australian life insurance market. Assess the competitive dynamics in the life insurance market, along with the reinsurance segment. Identify the growth opportunities and market dynamics within key product categories. Gain insights into key regulations governing the Australian insurance market and its impact on companies and the market’s future.

The Australian life insurance segment declined at a review-period CAGR of -0.6%. The written premium of the life insurance segment is expected to increase at a projected CAGR of 1.5% over the forecast period. Bancassurance is considered as the most popular and trusted life insurance distribution channel in Australia.  APRA is the regulatory body for insurance and is authorized to issue and retract the licenses of stakeholders such as insurance companies, agents and brokers. The Australian life insurance segment is highly competitive and contains both domestic and foreign insurers.


Table of Content

9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Australian Life Insurance Segment
9.3 Comparison of Five Leading Life Insurers
9.3.1 Gross written premium
9.3.2 Paid claims
9.3.3 Total assets
9.3.4 Total investment income
9.4 The Colonial Mutual Life Assurance Society Limited - Company Overview
9.4.1 The Colonial Mutual Life Assurance Society Limited - key facts
9.4.2 The Colonial Mutual Life Assurance Society Limited - key financials
9.5 AMP Life Limited - Company Overview
9.5.1 AMP Life Limited - key facts
9.5.2 AMP Life Limited - key financials
9.6 OnePath Life Limited - Company Overview
9.6.1 OnePath Life Limited - key facts
9.6.2 OnePath Life Limited - key financials
9.7 MLC Lifetime Company Limited - Company Overview
9.7.1 MLC Lifetime Company Limited - key facts
9.7.2 MLC Lifetime Company Limited - key financials
9.8 National Mutual Life Association of Australasia Ltd - Company Overview
9.8.1 National Mutual Life Association of Australia Ltd - key facts
9.8.2 National Mutual Life Association of Australia Ltd - key financials
9.9 AIA Australia Limited - Company Overview
9.9.1 AIA Australia Limited - key facts
9.9.2 AIA Australia Limited - key financials
9.1 Westpac Life Insurance Services Limited - Company Overview
9.10.1 Westpac Life Insurance Services Limited - key facts
9.10.2 Westpac Life Insurance Services Limited - key financials
9.11 Swiss Re Life and Health Company - Company Overview
9.11.1 Swiss Re Life and Health Company - key facts
9.11.2 Swiss Re Life and Health Company - key financials
9.12 RGA Reinsurance Company of Australia Limited - Company Overview
9.12.1 RGA Reinsurance Company of Australia Limited - key facts
9.12.2 RGA Reinsurance Company of Australia Limited - key financials
9.13 TAL Life Limited - Company Overview
9.13.1 TAL Life Limited - key facts
9.13.2 TAL Life Limited - key financials