General Insurance in Australia - IBISWorld Industry Market Research

General Insurance in Australia

General Insurance in Australia - IBISWorld Industry Market Research
General Insurance in Australia
Published Nov 02, 2012
40 pages — Published Nov 02, 2012
Price US$ 970.00  |  Buy this Report Now

About This Report


The General Insurance industry provides protection to individuals, households and businesses from the financial loss associated with events such as car accidents, floods, break-ins and medical malpractice. General insurers provide this coverage at a fraction of the potential loss by spreading risk. The industry earns revenue from the sale of insurance policies (premium income) and the investment of premium reserves in bonds, stocks and other assets (investment income).

Over 95% of the industry's premium income is derived from the renewal of policies that relate to existing risk, with the rest reflecting a change in risk exposure or pricing conditions.

This industry covers general insurers and reinsurers. General insurers underwrite insurance policies to protect individuals and businesses from the financial loss associated with property, casualty, liability and other risks. Underwriting involves assuming risks and assigning premiums. Reinsurers assume all or part of the risk associated with existing insurance policies originally underwritten by other insurers.

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. "General Insurance in Australia" Nov 02, 2012. Alacra Store. Apr 26, 2018. <>
IBISWorld Industry Market Research. (2012). General Insurance in Australia Nov 02, 2012. New York, NY: Alacra Store. Retrieved Apr 26, 2018 from <>
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