The
written premium of the non-life segment increased at a CAGR of 5.3% during the
review period. The rise was partly due to an increase in GDP at the end of
review period, growing demand for property insurance, and the occurrence of
natural disasters during 2010-2012 that increased premium costs. The occurrence
of natural disasters has increased the level of risk and driven consumer
preparation for risk avoidance. These factors, along with growth in the
property and automobile categories, are expected to drive the growth of the
non-life insurance segment over the forecast period. As such, the segment’s
written premium is expected to increase at a projected CAGR of 4.8% over the
forecast period.
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This
report provides a comprehensive analysis of the non-life insurance market in
Australia: It provides historical values for Australia’s non-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 non-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 non-life insurance products
in Australia. Using Porter’s industry-standard “Five Forces” analysis, it
details the competitive landscape in Australia for the non-life insurance
business. It provides a detailed analysis of the reinsurance market in
Australia and its growth prospects. It profiles the top non-life insurance
companies in Australia and outlines the key regulations affecting them.
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Make
strategic business decisions using historic and forecast market data related to
the Australian non-life insurance market and each sector within it. Understand
the demand-side dynamics, key market trends and growth opportunities within the
Australian non-life insurance market. Assess the competitive dynamics in the
non-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 non-life insurance segment grew at a CAGR of 5.3% during the review
period. The written premium of the non-life segment is expected to increase at
a projected CAGR of 4.8% over the forecast period. The network of brokers is
the leading distribution channel in the non-life insurance segment. The
Australian Prudential Regulation Authority (APRA) is the insurance regulatory
body and is authorized to issue and retract the licenses of insurers, agents,
brokers and related stakeholders. The non-life segment is fragmented and
relatively mature in terms of product development, risk assessment and
management.
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Table of Content
9.1 Overview
9.2 Leading Companies in the Australian Non-Life Insurance Segment
9.3 Comparison of top five insurers
9.3.1 Gross written premium
9.3.2 Outwards reinsurance expense
9.3.3 Net earned premiums
9.3.4 Gross claims
9.3.5 Paid claims
9.3.6 Total assets
9.3.7 Total investment income
9.4 QBE Insurance (Australia) Ltd - Company Overview
9.4.1 QBE Insurance (Australia) Ltd - key facts
9.4.2 QBE Insurance (Australia) Ltd - key financials
9.5 Insurance Australia Group Ltd - Company Overview
9.5.1 Insurance Australia Group Ltd - key facts
9.5.2 Insurance Australia Group Ltd - Key Financials
9.6 Allianz Australia Insurance Ltd - Company Overview
9.6.1 Allianz Australia Insurance Ltd - key facts
9.6.2 Allianz Australia Insurance Ltd - key financials
9.7 Insurance Manufacturers of Australia Pty Ltd (IMA) - Company Overview
9.7.1 Insurance Manufacturers of Australia Pty Ltd (IMA) - key facts
9.7.2 Insurance Manufacturers of Australia Pty Ltd (IMA) - key financials
9.8 Australian Associated Motor Insurers Ltd - Company Overview
9.8.1 Australian Associated Motor Insurers Ltd - key facts
9.8.2 Australian Associated Motor Insurers Ltd - key financials
9.9 CGU Insurance Australia Ltd - Company Overview
9.9.1 CGU Insurance Australia Ltd - key facts
9.9.2 CGU Insurance Australia Ltd - key financials
9.1 GIO General Ltd - Company Overview
9.10.1 GIO General Ltd - key facts
9.10.2 GIO General Ltd - key financials
9.11 Vero Insurance Ltd - Company Overview
9.11.1 Vero Insurance Ltd - key facts
9.11.2 Vero Insurance Ltd - key financials
9.12 Wesfarmers General Insurance Ltd - Company Overview
9.12.1 Wesfarmers General Insurance Ltd - key facts
9.12.2 Wesfarmers General Insurance Ltd - key financials
9.13 Zurich Australian Insurance Ltd - Company Overview
9.13.1 Zurich Australian Insurance Ltd - key facts
9.13.2 Zurich Australian Insurance Ltd - key financials
