ResearchMoz.us include new market research report " Non-Life Insurance Industry in Australia 2018: Market Size, Shares, Growth, Analysis, Key Trends, Opportunities And Forecast" to its huge collection of research reports.
The Australian non-life insurance segment’s gross written premium grew at a compound annual growth rate (CAGR) of 5.2% during the review period (2009−2013). The growth is attributed to the growth of property, motor insurance and the occurrence of natural disasters such as the Queensland flood and Yasi cyclone during 2010 and 2011, which led to an increase in paid claims. The number of policies also increased at a CAGR of 4.4% during the review period. Such an increase in the number of policies was due to the consumer awareness towards the need and benefits of non-life insurance.
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The Australian Prudential Regulation Authority (APRA) is responsible for licensing and prudential regulation of the insurance industry. The APRA’s Life and General Insurance Capital (LAGIC) came into effect from January 1, 2013 and is responsible for supervisory adjustment, internal capital adequacy assessment process (ICAAP), quality and composition of capital and governance and ownership.
Scope:-
This report provides a comprehensive analysis of the non-life insurance segment in Australia:
- It provides historical values for Australia’s non-life insurance segment for the report’s 2009–2013 review period and projected figures for the 2013–2018 forecast period.
- It offers a detailed analysis of the key categories in Australia’s non-life insurance segment, along with market forecasts until 2018.
- 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.
- It profiles the top non-life insurance companies in Australia and outlines the key regulations affecting them.
Reasons to buy:-
- Make strategic business decisions using in-depth historic and forecast market data related to the Australian non-life insurance segment and each category within it
- Understand the demand-side dynamics, key market trends and growth opportunities in Australian non-life insurance segment
- Assess the competitive dynamics in the non-life insurance segment
- Identify the growth opportunities and market dynamics in key product categories
- Gain insights into key regulations governing the Australian insurance industry, and their impact on companies and the market's future
Browse More related reports to Insurance at: http://www.researchmoz.us/insurance-market-reports-161.html
Key highlights:-
- In terms of gross written premium, the Australian insurance industry was the 11th-largest in the world in 2012.
- Non-life insurance was the second-largest segment during the review period, with property and motor insurance contributing to this growth.
- Property insurance is the largest category in the non-life segment with 41.3% share in terms of gross written premium in 2013.
- Motor vehicle sales in Australia grew at a CAGR of 2.5% during the review period.
- Interest rates stood at a record low in Australian history with 2.5% in 2013, which forced insurers to increase the premium rates.
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