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Synopsis 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 Australian life insurance market • The competitive landscape in the Australian life insurance market • A description of the life reinsurance market in Australia Summary The Australian life insurance segment was the largest segment in the overall Australian Insurance Industry during the review period in terms of gross written premium. The life insurance business in Australia is also considered to be one of the most competitive of its kind in the Asia-Pacific region due to a strict regulatory environment that keeps a check on pricing and a concentrated life insurance market. Scope This report provides a comprehensive analysis of the life insurance market in Australia: • It provides historical values for the Australian life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period • It offers a detailed analysis of the key sub-segments in the Australian life insurance market, along with market forecasts until 2016 • 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 insurance products in Australia • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Australia for 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 Reasons To Buy • Make strategic business decisions using in depth 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 Key Highlights • The Australian life insurance segment registered a positive annual growth rate even during the global economic crisis in 2009. • The Australian government’s interventions created some major trends in the life insurance segment during the review period, which helped to shape the demand for life insurance and retirement savings in Australia. • Australia’s higher life expectancy was a key growth driver in the Australian life insurance segment during the review period. • The sale of long-term life insurance products related to pensions supported the growth of the life insurance segment during the review period. • The life insurance segment in Australia is highly competitive and underpenetrated and is expected to register a strong growth in new policy sales, which Australian life insurance providers can capitalize on over the forecast period. Table of Contents 1 Executive Summary 2 Introduction 2.1 What is this Report About? 2.2 Definitions 2.3 Methodology 3 Australian Insurance Industry Attractiveness 3.1 Insurance Industry Market Size, 2007–2016 3.2 Key Industry Trends and Drivers 3.2.1 Business drivers 3.2.2 Consumer drivers 3.3 Recent Market Developments 4 Life Insurance Segment Outlook 4.1 Life Insurance Growth Prospects by Category 4.1.1 Individual life insurance category To know more about this reports, please visit our website : http://www.bharatbook.com/insurance-market-research-reports/life-insurance-in-australia-key-trends-and-opportunities-to-2016.html Or Bharat Book Bureau Tel: +91 22 27810772 / 27810773 Fax: + 91 22 27812290 Email: info@bharatbook.com Website: www.bharatbook.com Follow us on twitter: https://twitter.com/researchbook Our Blogs:http://www.linkedin.com/company/bharat-book-bureau http://financemarketreports.blogspot.com/
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