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

About This Report

  
Abstract:

The Health Insurance industry is an integral part of the Australian health system, providing coverage to almost 47.0% 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 accounts for more than 95.0% of revenue, although this changes from year to year. Industry revenue is forecast to grow by 3.9% in 2014-15, to reach $20.8 billion, on the back of strong growth in premium income. Over the five years through 2014-15, industry revenue is expected to grow at an annualised 5.1%.

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 the industry is for hospital, medical, dental, pharmaceutical and funeral expenses or costs. Businesses within the 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.

  
Source:
Document ID
K6321
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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. "Health Insurance in Australia" Jan 23, 2015. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Health-Insurance-in-Australia-2042-3164>
  
APA:
IBISWorld Industry Market Research. (2015). Health 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/Health-Insurance-in-Australia-2042-3164>
  
US$ 910.00
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