Car Insurance in Australia - IBISWorld Industry Market Research

Car Insurance in Australia

Car Insurance in Australia - IBISWorld Industry Market Research
Car Insurance in Australia
Published Mar 06, 2015
30 pages — Published Mar 06, 2015
Price US$ 910.00  |  Buy this Report Now

About This Report


The past five years have been characterised by declining investment returns and consecutive seasons of destruction. As the frequency of natural disasters has risen, so has the frequency of insurance claims. Although insurers have been able to pass on the rising costs to policy holders, the time lag between the new premium prices and payouts has caused profit margins to decline substantially. The rise in claimants has been compounded by poor investment income because of the low-yield environment. Weak economic conditions have driven up demand for bonds and other high-quality fixed-income assets that insurers are heavily invested in.

This industry underwrites (i.e. assuming the risk and assigning premiums) car insurance policies. Car insurance provides financial protection against physical damage to automobiles and bodily injuries resulting from traffic collisions. Car insurance can also protect against resulting liability.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Car Insurance in Australia" Mar 06, 2015. Alacra Store. Oct 27, 2016. <>
IBISWorld Industry Market Research. (2015). Car Insurance in Australia Mar 06, 2015. New York, NY: Alacra Store. Retrieved Oct 27, 2016 from <>
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