Health Insurance in Australia - IBISWorld Industry Market Research

Health Insurance in Australia

Health Insurance in Australia - IBISWorld Industry Market Research
Health Insurance in Australia
Published Dec 14, 2012
37 pages — Published Dec 14, 2012
Price US$ 970.00  |  Buy this Report Now

About This Report


The Health Insurance industry is an integral part of the Australian health system, providing coverage to more than 45% of the population. Health insurers generate revenue from the sale of health insurance policies (premium income) and the investment of premium reserves (investment income). Premium income tends to account for more than 96% of revenue, but this changes from year to year. In 2012-13, industry revenue is forecast to grow 4.4% to reach $18.6 billion on the back of strong premium income. In the five years through 2012-13, industry revenue is expected to grow at a compound annual rate of 5.0%.

This industry includes businesses that primarily underwrite insurance policies relating to health and medical risks. Underwriting insurance policies involves assuming risks and assigning premiums. The type of insurance cover provided by businesses operating in this industry is for hospital, medical, dental, pharmaceutical and funeral expenses or costs. Businesses within this industry generate revenue not only through insurance underwriting but also by investing premiums.

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. "Health Insurance in Australia" Dec 14, 2012. Alacra Store. Oct 25, 2016. <>
IBISWorld Industry Market Research. (2012). Health Insurance in Australia Dec 14, 2012. New York, NY: Alacra Store. Retrieved Oct 25, 2016 from <>
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