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 Jul 01, 2015
32 pages — Published Jul 01, 2015
Price US$ 910.00  |  Buy this Report Now

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Fluctuations in investment returns have caused significant revenue volatility for the Life Insurance industry over the past five years. Sharemarkets dipped in 2011-12 before posting strong returns over 2012-13. The introduction of the MySuper laws have boosted premium income during this period, with industry revenue forecast to rise at an annualised 3.7% over the five years through 2015-16, to total $78.6 billion. Investment revenue is forecast to ease in 2015-16 as markets settle, contributing to an expected decline of 1.8% for the current year.

Companies in this 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, there may be exclusions that limit the insurer's liability.

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" Jul 01, 2015. Alacra Store. Jun 19, 2018. <>
IBISWorld Industry Market Research. (2015). Life Insurance in Australia Jul 01, 2015. New York, NY: Alacra Store. Retrieved Jun 19, 2018 from <>
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