Life Insurance in Australia - IBISWorld Industry Market Research

Life Insurance in Australia

Life Insurance in Australia - IBISWorld Industry Market Research
Life Insurance in Australia
Published Oct 09, 2012
38 pages — Published Oct 09, 2012
Price US$ 970.00  |  Buy this Report Now

About This Report


Life insurers protect millions of Australian families and businesses from the financial hardship that arises from death, disability and trauma. Loss of income is the most common effect of such life events and is a subsequent cause of financial problems. For example, most families would struggle to meet financial obligations such as mortgage repayments, utility bills and food costs should the primary breadwinner die without insurance. However, with cover the insurer pays cash to the deceased's dependants, ideally allowing them to meet these needs.

Companies in the Life Insurance industry provide life insurance cover and life-based investment products. Life insurance (or life assurance) is a contract obligating the insurer to pay designated beneficiaries a sum of money in the event of the insured individual's death, disablement, or serious illness or injury. As with all insurance contracts, exclusions may apply that limit the insurer's liability, and typically include suicide, riot or war.

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. "Life Insurance in Australia" Oct 09, 2012. Alacra Store. Oct 24, 2016. <>
IBISWorld Industry Market Research. (2012). Life Insurance in Australia Oct 09, 2012. New York, NY: Alacra Store. Retrieved Oct 24, 2016 from <>
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