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 Jan 23, 2015
36 pages — Published Jan 23, 2015
Price US$ 910.00  |  Buy this Report Now

About This Report

  
Abstract:

The General Insurance industry provides protection for individuals, households and businesses from the financial loss associated with events such as car accidents, floods, break-ins and malpractice. General insurers provide this coverage at a fraction of the potential loss by spreading risk over many policies. 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 95.0% of the industry's premium income is derived from the renewal of policies that relate to existing risk, with the rest coming from a change in risk exposure or pricing conditions.

This industry includes general insurers and reinsurers. General insurers underwrite insurance policies to protect individuals and businesses from 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 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.

  
Source:
Document ID
K6322
Country
Report Type
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PDF Adobe Acrobat
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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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Cite this Report

  
MLA:
IBISWorld Industry Market Research. "General Insurance in Australia" Jan 23, 2015. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/General-Insurance-in-Australia-2042-2719>
  
APA:
IBISWorld Industry Market Research. (2015). General Insurance in Australia Jan 23, 2015. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/General-Insurance-in-Australia-2042-2719>
  
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