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Australia Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The Australia Insurance Report
- Independent 5-year insurance industry forecast for Australia.
- Original insurance market research and insurance sector trend analysis for Australia’s insurance industry.
- Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Australia.
The Australia Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Australia through end-; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Australia; and analysis of the latest insurance industry developments, trends and regulatory changes in Australia.
Business Monitor International's Australia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Australian insurance industry.
Coverage
Australia Insurance Sector At A Glance
Key insights into the insurance market, covering industry trends, key players and the regulatory environment, plus snapshots of life and non-life premium values in local currency and US$.
Evolution of the Australian Insurance Market
Analysis of recent developments in the local insurance market, including data on life and non-life premium values, density and penetration, dating from 1998.
BMI 5-Year Industry Forecasts for Australia
Analysis of market growth drivers, including 5-year projections (to end-) for premium values. Forecasts section also includes BMI risk ratings on local economy, politics and business environment. Industry indicators covered include:
Number of life and non-life insurance companies; total and per capita Property/Casualty premiums and claims; total and per capita Life/Health premiums and claims; total premium income; total claims/expenses; total operating expenses; total assets and investments; industry density (per capita premiums) and penetration (premiums as a portion of GDP)
BMI 5-Year Macroeconomic Forecast for Australia
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Insurance Company Rankings in Australia
Comparative company analyses and rankings by premium income (life and non-life).
Insurance Industry Competitive Landscape in Asia
A cross-border overview of key players and their market share across the region. Tables and graphs show country presence of multinationals throughout the region.
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Australia Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Chapter - The Sector At A Glance |
| Table: Overview Of Australia's Insurance Sector |
| Key Insights On The Insurance Sector Of Australia |
| Australia SWOT |
| Latest News |
| Comment – The Global Financial Crisis |
| Table: Selected European Countries' Estimated Budget And Current Account, 2008 (as % of GDP) |
| Other Recent Developments |
| Table: Premium Growth, 2005-2013 |
| Projections And Drivers Of Growth |
| Table: Growth Drivers, 2005-2012 |
Chapter - Country Update |
| Macroeconomic Outlook |
| Table: Australia - Economic Activity |
| Political Outlook |
Chapter - Insurance Business Environment Rating |
| Table: Australia Insurance Business Environment |
Chapter - Regional Context |
| Table: Non-Life Premiums In A Regional Context, 2008 |
| Table: Life Premiums In A Regional Context, 2008 |
Chapter - Analysis Of Competitive Conditions |
| Australia – Non-Life Segment |
| Australia – Life Segment |
| Table: Total Premiums – Australian Life Business (year ended December 31 2007) |
Chapter - Company Profiles |
| AIG |
| Allianz |
| AMP Limited |
| Aviva |
| AXA |
| HDI-Gerling |
| HSBC Insurance |
| ING |
| Insurance Australia Group Limited (IAG) |
| Lumley Group |
| MetLife |
| Prudential Financial |
| Prudential Plc |
| QBE |
| Suncorp- Metway Limited |
| TOWER Australia Group Limited |
| Zurich |
Chapter - Country Snapshot: Australia Demographic Data |
| Section 1: Population |
| Table: Demographic Indicators, 2005-2030 |
| Table: Rural/Urban Breakdown, 2005-2012 |
| Section 2: Education And Healthcare |
| Table: Education, 2002-2005 |
| Table: Vital Statistics |
| Section 3: Labour Market And Spending Power |
| Table: Employment Indicators, 2001-2006 |
| Table: Consumer Expenditure, 2000-2012 (US$) |
| Table: Average Annual Wages, 2000-2012 |
Chapter - Methodology |
| Basis Of Projections |
| Insurance Business Environment Rating |
| Table: Insurance Business Environment Indicators And Rationale |
| Table: Weighting Of Indicators |
|
Australia Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Any analysis of the financial sector has to be dominated at present by the global financial crisis. The Australian companies are financially strong and were almost untouched in terms of any direct involvement in the subprime crisis. However, they are of course impacted by global events and especially the collapse in stock market prices. The leading Australian indicator, the ASX 200 index, fell from 6,754 at the end of October 2007 to 5,215 at the end of the financial year on 30 June. It continued to fall, most dramatically in October, to close at 3,722 on 31 December, down 45% from its peak.
The general insurers have been reporting severe impacts on their results from the combination of investment losses and an increase in catastrophe claims. Market leader Suncorp Metway (Suncorp), for instance, reported that its non-life insurance profits fell to AUD307mn for the year ended 30 June 2008, as compared to 835mn a year earlier.
Hard numbers for the life companies have not yet been published but anecdotal evidence suggests that there has been a big fall-off in new business as prospects, firstly, anticipate lower savings and secondly, see less reward by way of investment returns.
In the non-life sector, the processes of industry consolidation by way of merger and acquisition have resulted in an extremely concentrated industry dominated by just four players. In the life sector the top three firms produced 72% of the premium income.
The non-life sector is growing as one would expect the industry to grow in a fully developed mature economy, that is, roughly in line with growth in GDP.
Growth in the life sector is dominated by contributions to Australia’s superannuation regime. This part of the industry is still growing at over 10% pa and is likely to do so throughout the planning period. The linkages between superannuation and life insurance mean that the biggest players are the local financial services groups, which combine strong local brands with distribution power and, usually, a bancassurance offering. ING, through its relationship with ANZ Banking Group, is the only multi-national titan to take advantage of this.
|
Australia Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Africa |
| Algeria, Egypt, Libya, Morocco, Nigeria, South Africa and Tunisia |
Asia |
| China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam |
Caribbean |
| Bahamas, Barbados, Bermuda, Dominican Republic, Jamaica and Trinidad & Tobago |
Europe |
| Bulgaria, Croatia, Czech Republic, Estonia, Germany, Greece, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Ukraine and United Kingdom |
Latin America |
| Argentina, Brazil and Mexico |
Middle East |
| Bahrain, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Turkey and United Arab Emirates |
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