Life Insurance in Australia, Key Trends and Opportunities to 2018

  • ID: 3035914
  • Report
  • Region: Australia
  • 280 pages
  • GlobalData
1 of 4

FEATURED COMPANIES

  • AIA Australia Ltd
  • AMP Life Ltd
  • MLC Ltd
  • OnePath Life Ltd
  • Suncorp Life & Super
  • TAL Life Ltd
  • MORE
The report provides in-depth market analysis, information and insights into the Australian life insurance segment, including:
- The Australian life insurance segment’s growth prospects by category
- Key trends and drivers for the life insurance segment
- The various distribution channels in the Australian life insurance segment
- The detailed competitive landscape on the life insurance segment in Australia
- Detailed regulatory policies applicable to the Australian insurance industry

Summary:

Life insurance is the largest segment of the Australian insurance industry, and accounted for 45.5% of the industry’s gross written premium in 2013. The life segment’s gross written premium decreased at a compound annual growth rate (CAGR) of -0.4% during the review period (2009-2013), due to an increase in claims following a rise in death rates and rising rates of policy lapses as consumers reduced insurance cover. Life insurance claims increased at a CAGR of 2.1%. The life segment is expected to grow over the forecast period due to factors such as an ageing population, low penetration compared to other developed countries and underinsurance. The gross written premium is expected to post a CAGR of 3.0% over the forecast period (2013-2018).

Scope:

This report provides a comprehensive analysis of the life insurance segment in Australia:
- It provides historical values for the Australian life insurance segment for the report’s 2009-2013 review period and projected figures for the 2013-2018 forecast period.
- It offers a detailed analysis of the key categories in the Australian life insurance segment, along with forecasts until 2018.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
- It analyses the various distribution channels for life insurance products in Australia.
- It profiles the top life insurance companies in Australia and outlines the key regulations affecting them.

Reasons To Buy:

- Make strategic business decisions using in-depth historic and forecast market data related to the Australian life insurance segment and each category within it
- Understand the demand-side dynamics, key market trends and growth opportunities in the Australian life insurance segment
- Assess the competitive dynamics in the life insurance segment
- Identify the growth opportunities and market dynamics in key product categories
- Gain insights into key regulations governing the Australian insurance industry, and their impact on companies and the market's future

Key Highlights:

- In terms of gross written premium, the Australian insurance industry was the 11th-largest in the world in 2012.
- Life insurance was the largest segment in the Australian insurance industry in 2013, accounting for 45.5% of its gross written premium.
- The distribution of life insurance in Australia was led by bancassurance, and followed by brokers and direct marketing.
- Increased premium rates, an aging population, new product innovation, increasing awareness of insurance, and rising penetration will contribute to the growth of life insurance over the forecast period.
- Low insurance penetration gives an opportunity to life insurers operating in Australia to grow by offering new products to meet consumer requirements.
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • AIA Australia Ltd
  • AMP Life Ltd
  • MLC Ltd
  • OnePath Life Ltd
  • Suncorp Life & Super
  • TAL Life Ltd
  • MORE
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Australian Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2009-2018
3.2 Key Industry Trends and Drivers
3.3 Challenges
3.4 Recent Market Developments
4 Life Insurance Outlook
4.1 Consumer Segmentation
4.2 Product and Marketing Strategies
4.2.1 Product strategies
4.2.2 Marketing strategies
4.3 Life Insurance Growth Prospects by Category
4.4 Individual life insurance
4.4.1 Individual whole life insurance
4.4.2 Individual general annuity insurance
4.4.3 Individual pension insurance
4.4.4 Individual term life insurance
4.4.5 Individual other insurance
4.5 Group Life Insurance
4.5.1 Group whole life insurance
4.5.2 Group superannuation insurance
4.6 Life Insurance Growth Prospects by Policy Type
4.6.1 Individual single-premium insurance
4.6.2 Individual non-single-premium insurance
4.6.3 Group single-premium insurance
4.6.4 Group non-single-premium insurance
4.7 Life Insurance Growth Prospects by Product Type
4.7.1 Total linked insurance business
4.7.2 Total non-linked insurance business
5 Analysis by Distribution Channel
5.1 Direct Marketing
5.2 Bancassurance
5.3 Agencies
5.4 E-commerce
5.5 Brokers
5.6 Other Channels
6 Porter’s Five Forces Analysis - Australian Life Insurance
6.1 Bargaining Power of Suppliers: Low to Medium
6.2 Bargaining Power of Buyers: Medium
6.3 Barriers to Entry: Medium
6.4 Intensity of Rivalry: Medium
6.5 Threat of Substitutes: Medium
7 Reinsurance Growth Dynamics and Challenges
7.1 Reinsurance Segment Size, 2009-2018
7.2 Reinsurance Segment Size by Premium Ceded, 2009-2018
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Legislation and Market Practice by Type of Insurance
8.2.1 Life insurance
8.2.2 Property insurance
8.2.3 Motor insurance
8.2.4 Liability insurance
8.2.5 Marine, aviation and transit insurance
8.2.6 Personal accident and health insurance
8.3 Compulsory Insurance
8.3.1 Aircraft passenger liability for death or injury
8.3.2 Motor third-party liability (MTPL) insurance regulations
8.3.3 Workmen’s compensation insurance
8.4 Supervision and Control
8.4.1 International Association of Insurance Supervisors (IAIS)
8.4.2 Australian Prudential Regulation Authority (APRA)
8.4.3 Australian Securities and Investment Commission (ASIC)
8.4.4 Financial Services Council (FSC)
8.4.5 Insurance Council Australia (ICA)
8.5 Non-Admitted Insurance Regulations
8.5.1 Overview
8.5.2 Intermediaries
8.5.3 Market practices
8.5.4 Fines and penalties
8.6 Company Registration and Operations
8.6.1 Types of insurance organization
8.6.2 Establishing a local company
8.6.3 Foreign ownership
8.6.4 Types of license
8.6.5 Capital requirements
8.6.6 Solvency margins
8.6.7 Reserve requirements
8.6.8 Investment regulations
8.6.9 Statutory return requirements
8.6.10 Fee structure
8.7 Taxation
8.7.1 Insurance premium or policy taxation
8.7.2 Withholding taxes on premium paid overseas
8.7.3 Corporate tax
8.7.4 VAT
8.7.5 Captives
8.8 Legal System
8.8.1 Introduction
8.8.2 Access to court
8.8.3 Alternative dispute resolution (ADR)
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Australian Life Insurance Segment
9.3 Comparison of the Five Leading Life Insurers
9.3.1 Retentions
9.3.2 Paid claims
9.3.3 Total assets
9.3.4 Total investment incomes
9.4 MLC Ltd - Company Overview
9.4.1 MLC Ltd - key facts
9.4.2 MLC Ltd - key financials
9.5 The Colonial Mutual Life Assurance Society Ltd - Company Overview
9.5.1 The Colonial Mutual Life Assurance Society Ltd - key facts
9.5.2 The Colonial Mutual Life Assurance Society Ltd - key financials
9.6 AMP Life Ltd - Company Overview
9.6.1 AMP Life Ltd - key facts
9.6.2 AMP Life Ltd - key financials
9.7 OnePath Life Ltd - Company Overview
9.7.1 OnePath Life Ltd - key facts
9.7.2 OnePath Life Ltd - key financials
9.8 TAL Life Ltd - Company Overview
9.8.1 TAL Life Ltd - key facts
9.8.2 TAL Life Ltd - key financials
9.9 National Mutual Life Association of Australasia Ltd - Company Overview
9.9.1 National Mutual Life Association of Australasia Ltd - key facts
9.9.2 National Mutual Life Association of Australasia Ltd - key financials
9.1 AIA Australia Ltd - Company Overview
9.10.1 AIA Australia Ltd - key facts
9.10.2 AIA Australia Ltd - key financials
9.11 Westpac Life Insurance Services Ltd - Company Overview
9.11.1 Westpac Life Insurance Services Ltd - key facts
9.11.2 Westpac Life Insurance Services Ltd - key financials
9.12 Suncorp Life & Superannuation Ltd - Company Overview
9.12.1 Suncorp Life & Superannuation Ltd - key facts
9.12.2 Suncorp Life & Superannuation Ltd - key financials
9.13 MetLife Insurance Ltd - Company Overview
9.13.1 MetLife Insurance Ltd - key facts
9.13.2 MetLife Insurance Ltd - key financials
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Market capitalization trend - Australian Securities Exchange, Australia
10.2 Economic Performance
10.2.1 GDP at constant prices (US$)
10.2.2 GDP per capita at constant prices (US$)
10.2.3 GDP at current prices (US$)
10.2.4 GDP per capita at current prices (US$)
10.2.5 Inflation rate
10.2.6 Exports as a percentage of GDP
10.2.7 Imports as a percentage of GDP
10.2.8 Merchandise exports growth
10.2.9 Merchandise imports growth
10.2.10 Annual average exchange rate AUD-US$
10.3 Infrastructure
10.3.1 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Household consumption expenditure (US$)
10.5.2 Total population
10.5.3 Urban and rural population
10.5.4 Age distribution of the total population
11 Appendix
11.1 Methodology
11.2 Contact
11.3 About
11.4 Services
11.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Australian Insurance - Gross Written Premium by Segment (AUD Billion), 2009-2013
Table 3: Australian Insurance - Gross Written Premium by Segment (US$ Billion), 2009-2013
Table 4: Australian Insurance - Gross Written Premium by Segment (AUD Billion), 2013-2018
Table 5: Australian Insurance - Gross Written Premium by Segment (US$ Billion), 2013-2018
Table 6: Australian Insurance - Segmentation, Gross Written Premium (Percentage Share), 2009-2018
Table 7: Australian Insurance - Direct Written Premium by Segment (AUD Billion), 2009-2013
Table 8: Australian Insurance - Direct Written Premium by Segment (US$ Billion), 2009-2013
Table 9: Australian Insurance - Direct Written Premium by Segment (AUD Billion), 2013-2018
Table 10: Australian Insurance - Direct Written Premium by Segment (US$ Billion), 2013-2018
Table 11: Australian Insurance - Segmentation, Direct Written Premium (Percentage Share), 2009-2018
Table 12: Australian Life Insurance - Gross Written Premium by Category (AUD Billion), 2009-2013
Table 13: Australian Life Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013
Table 14: Australian Life Insurance - Gross Written Premium by Category (AUD Billion), 2013-2018
Table 15: Australian Life Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018
Table 16: Australian Life Insurance - New Business Written Premium (AUD Billion), 2009-2013
Table 17: Australian Life Insurance - New Business Written Premium (AUD Billion), 2013-2018
Table 18: Australian Life Insurance - Earned Premium (AUD Billion), 2009-2013
Table 19: Australian Life Insurance - Earned Premium (AUD Billion), 2013-2018
Table 20: Australian Life Insurance - Sum Assured (AUD Billion), 2009-2013
Table 21: Australian Life Insurance - Sum Assured (AUD Billion), 2013-2018
Table 22: Australian Life Insurance - Paid Claims (AUD Billion), 2009-2013
Table 23: Australian Life Insurance - Paid Claims (AUD Billion), 2013-2018
Table 24: Australian Life Insurance - Incurred Loss (AUD Billion), 2009-2013
Table 25: Australian Life Insurance - Incurred Loss (AUD Billion), 2013-2018
Table 26: Australian Life Insurance - Loss Ratio (%), 2009-2013
Table 27: Australian Life Insurance - Loss Ratio (%), 2013-2018
Table 28: Australian Life Insurance - Commissions and Expenses (AUD Billion), 2009-2013
Table 29: Australian Life Insurance - Commissions and Expenses (AUD Billion), 2013-2018
Table 30: Australian Life Insurance - Combined Ratio (%), 2009-2013
Table 31: Australian Life Insurance - Combined Ratio (%), 2013-2018
Table 32: Australian Life Insurance - Fraud and Crimes (AUD Billion), 2009-2013
Table 33: Australian Life Insurance - Fraud and Crimes (AUD Billion), 2013-2018
Table 34: Australian Life Insurance - Total Assets (AUD Billion), 2009-2013
Table 35: Australian Life Insurance - Total Assets (AUD Billion), 2013-2018
Table 36: Australian Life Insurance - Total Investment Income (AUD Billion), 2009-2013
Table 37: Australian Life Insurance - Total Investment Income (AUD Billion), 2013-2018
Table 38: Australian Life Insurance - Retentions (AUD Billion), 2009-2013
Table 39: Australian Life Insurance - Retentions (AUD Billion), 2013-2018
Table 40: Australian Individual Life Insurance - Gross Written Premium by Category (AUD Billion), 2009-2013
Table 41: Australian Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013
Table 42: Australian Individual Life Insurance - Gross Written Premium by Category (AUD Billion), 2013-2018
Table 43: Australian Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018
Table 44: Australian Individual Life Insurance - Direct Written Premium by Category (AUD Billion), 2009-2013
Table 45: Australian Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2009-2013
Table 46: Australian Individual Life Insurance - Direct Written Premium by Category (AUD Billion), 2013-2018
Table 47: Australian Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2013-2018
Table 48: Australian Individual Life Insurance - Policies by Category (Thousand), 2009-2013
Table 49: Australian Individual Life Insurance - Policies Premium by Category (Thousand), 2013-2018
Table 50: Australian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Table 51: Australian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Table 52: Australian Individual Whole Life Insurance - Gross Written Premium (AUD Billion), 2009-2013
Table 53: Australian Individual Whole Life Insurance - Gross Written Premium (AUD Billion), 2013-2018
Table 54: Australian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2009-2013
Table 55: Australian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2013-2018
Table 56: Australian Individual General Annuity Insurance - Gross Written Premium (AUD Billion), 2009-2013
Table 57: Australian Individual General Annuity Insurance - Gross Written Premium (AUD Billion), 2013-2018
Table 58: Australian Individual Pension Insurance - Number of Active Policies (Thousand), 2009-2013
Table 59: Australian Individual Pension Insurance - Number of Active Policies (Thousand), 2013-2018
Table 60: Australian Individual Pension Insurance - Gross Written Premium (AUD Billion), 2009-2013
Table 61: Australian Individual Pension Insurance - Gross Written Premium (AUD Billion), 2013-2018
Table 62: Australian Individual Term Life Insurance - Number of Active Policies (Thousand), 2009-2013
Table 63: Australian Individual Term Life Insurance - Number of Active Policies (Thousand), 2013-2018
Table 64: Australian Individual Term Life Insurance - Gross Written Premium (AUD Billion), 2009-2013
Table 65: Australian Individual Term Life Insurance - Gross Written Premium (AUD Billion), 2013-2018
Table 66: Australian Individual Other Insurance - Number of Active Policies (Thousand), 2009-2013
Table 67: Australian Individual Other Insurance - Number of Active Policies (Thousand), 2013-2018
Table 68: Australian Individual Other Insurance - Gross Written Premium (AUD Billion), 2009-2013
Table 69: Australian Individual Other Insurance - Gross Written Premium (AUD Billion), 2013-2018
Table 70: Australian Group Life Insurance - Gross Written Premium by Category (AUD Billion), 2009-2013
Table 71: Australian Group Life Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013
Table 72: Australian Group Life Insurance - Gross Written Premium by Category (AUD Billion), 2013-2018
Table 73: Australian Group Life Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018
Table 74: Australian Group Life Insurance - Direct Written Premium by Category (AUD Billion), 2009-2013
Table 75: Australian Group Life Insurance - Direct Written Premium by Category (US$ Billion), 2009-2013
Table 76: Australian Group Life Insurance - Direct Written Premium by Category (AUD Billion), 2013-2018
Table 77: Australian Group Life Insurance - Direct Written Premium by Category (US$ Billion), 2013-2018
Table 78: Australian Group Life Insurance - Policies by Category (Thousand), 2009-2013
Table 79: Australian Group Life Insurance - Policies Premium by Category (Thousand), 2013-2018
Table 80: Australian Group Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Table 81: Australian Group Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Table 82: Australian Group Whole Life Insurance - Gross Written Premium (AUD Billion), 2009-2013
Table 83: Australian Group Whole Life Insurance - Gross Written Premium (AUD Billion), 2013-2018
Table 84: Australian Group Superannuation Insurance - Number of Active Policies (Thousand), 2009-2013
Table 85: Australian Group Superannuation Insurance - Number of Active Policies (Thousand), 2013-2018
Table 86: Australian Group Superannuation Insurance - Gross Written Premium (AUD Billion), 2009-2013
Table 87: Australian Group Superannuation Insurance - Gross Written Premium (AUD Billion), 2013-2018
Table 88: Australian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 89: Australian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 90: Australian Individual Single-Premium Insurance - Gross Written Premium (AUD Billion), 2009-2013
Table 91: Australian Individual Single-Premium Insurance - Gross Written Premium (AUD Billion), 2013-2018
Table 92: Australian Individual Single-Premium Insurance - Direct Written Premium (AUD Billion), 2009-2013
Table 93: Australian Individual Single-Premium Insurance - Direct Written Premium (AUD Billion), 2013-2018
Table 94: Australian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 95: Australian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 96: Australian Individual Non-Single-Premium Insurance - Gross Written Premium (AUD Billion), 2009-2013
Table 97: Australian Individual Non-Single-Premium Insurance - Gross Written Premium (AUD Billion), 2013-2018
Table 98: Australian Individual Non-Single-Premium Insurance - Direct Written Premium (AUD Billion), 2009-2013
Table 99: Australian Individual Non-Single-Premium Insurance - Direct Written Premium (AUD Billion), 2013-2018
Table 100: Australian Group Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 101: Australian Group Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 102: Australian Group Single-Premium Insurance - Gross Written Premium (AUD Billion), 2009-2013
Table 103: Australian Group Single-Premium Insurance - Gross Written Premium (AUD Billion), 2013-2018
Table 104: Australian Group Single-Premium Insurance - Direct Written Premium (AUD Billion), 2009-2013
Table 105: Australian Group Single-Premium Insurance - Direct Written Premium (AUD Billion), 2013-2018
Table 106: Australian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 107: Australian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 108: Australian Group Non-Single-Premium Insurance - Gross Written Premium (AUD Billion), 2009-2013
Table 109: Australian Group Non-Single-Premium Insurance - Gross Written Premium (AUD Billion), 2013-2018
Table 110: Australian Group Non-Single-Premium Insurance - Direct Written Premium (AUD Billion), 2009-2013
Table 111: Australian Group Non-Single-Premium Insurance - Direct Written Premium (AUD Billion), 2013-2018
Table 112: Australian Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013
Table 113: Australian Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018
Table 114: Australian Linked Insurance Business - Gross Written Premium (AUD Billion), 2009-2013
Table 115: Australian Linked Insurance Business - Gross Written Premium (AUD Billion), 2013-2018
Table 116: Australian Linked Insurance Business - Direct Written Premium (AUD Billion), 2009-2013
Table 117: Australian Linked Insurance Business - Direct Written Premium (AUD Billion), 2013-2018
Table 118: Australian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013
Table 119: Australian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018
Table 120: Australian Non-Linked Insurance Business - Gross Written Premium (AUD Billion), 2009-2013
Table 121: Australian Non-Linked Insurance Business - Gross Written Premium (AUD Billion), 2013-2018
Table 122: Australian Non-Linked Insurance Business - Direct Written Premium (AUD Billion), 2009-2013
Table 123: Australian Non-Linked Insurance Business - Direct Written Premium (AUD Billion), 2013-2018
Table 124: Australian Life Insurance - Direct Marketing Commission Paid (AUD Million), 2009-2013
Table 125: Australian Life Insurance - Direct Marketing Commission Paid (AUD Million), 2013-2018
Table 126: Australian Life Insurance - Gross Written Premium New Business (AUD Billion), 2009-2013
Table 127: Australian Life Insurance - Gross Written Premium New Business (AUD Billion), 2013-2018
Table 128: Australian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013
Table 129: Australian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018
Table 130: Australian Life Insurance - Number of Direct Marketing Distributors, 2009-2013
Table 131: Australian Life Insurance - Number of Direct Marketing Distributors, 2013-2018
Table 132: Australian Life Insurance - Bancassurance Commission Paid (AUD Billion), 2009-2013
Table 133: Australian Life Insurance - Bancassurance Commission Paid (AUD Billion), 2013-2018
Table 134: Australian Life Insurance - Gross Written Premium New Business (AUD Billion), 2009-2013
Table 135: Australian Life Insurance - Gross Written Premium New Business (AUD Billion), 2013-2018
Table 136: Australian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2009-2013
Table 137: Australian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2013-2018
Table 138: Australian Life Insurance - Number of Bancassurance Distributors, 2009-2013
Table 139: Australian Life Insurance - Number of Bancassurance Distributors, 2013-2018
Table 140: Australian Life Insurance - Commission Paid to Agencies (AUD Million), 2009-2013
Table 141: Australian Life Insurance - Commission Paid to Agencies (AUD Million), 2013-2018
Table 142: Australian Life Insurance - Gross Written Premium New Business (AUD Billion), 2009-2013
Table 143: Australian Life Insurance - Gross Written Premium New Business (AUD Billion), 2013-2018
Table 144: Australian Life Insurance - New Policies Sold Through Agencies (Thousand), 2009-2013
Table 145: Australian Life Insurance - New Policies Sold Through Agencies (Thousand), 2013-2018
Table 146: Australian Life Insurance - Number of Agencies, 2009-2013
Table 147: Australian Life Insurance - Number of Agencies, 2013-2018
Table 148: Australian Life Insurance - E-Commerce Commission Paid (AUD Million), 2009-2013
Table 149: Australian Life Insurance - E-Commerce Commission Paid (AUD Million), 2013-2018
Table 150: Australian Life Insurance - Gross Written Premium New Business (AUD Billion), 2009-2013
Table 151: Australian Life Insurance - Gross Written Premium New Business (AUD Billion), 2013-2018
Table 152: Australian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2009-2013
Table 153: Australian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2013-2018
Table 154: Australian Life Insurance - Number of E-Commerce Distributors, 2009-2013
Table 155: Australian Life Insurance - Number of E-Commerce Distributors, 2013-2018
Table 156: Australian Life Insurance - Commission Paid to Brokers (AUD Million), 2009-2013
Table 157: Australian Life Insurance - Commission Paid to Brokers (AUD Million), 2013-2018
Table 158: Australian Life Insurance - Gross Written Premium New Business (AUD Billion), 2009-2013
Table 159: Australian Life Insurance - Gross Written Premium New Business (AUD Billion), 2013-2018
Table 160: Australian Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013
Table 161: Australian Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018
Table 162: Australian Life Insurance - Number of Brokers, 2009-2013
Table 163: Australian Life Insurance - Number of Brokers, 2013-2018
Table 164: Australian Life Insurance - Commission Paid to Other Channels (AUD Million), 2009-2013
Table 165: Australian Life Insurance - Commission Paid to Other Channels (AUD Million), 2013-2018
Table 166: Australian Life Insurance - Gross Written Premium New Business (AUD Billion), 2009-2013
Table 167: Australian Life Insurance - Gross Written Premium New Business (AUD Billion), 2013-2018
Table 168: Australian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2009-2013
Table 169: Australian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2013-2018
Table 170: Australian Life Insurance - Number of Distributors in Other Channels, 2009-2013
Table 171: Australian Life Insurance - Number of Distributors in Other Channels, 2013-2018
Table 172: Australian Reinsurance - Premium Accepted by Category (AUD Billion), 2009-2013
Table 173: Australian Reinsurance - Premium Accepted by Category (US$ Billion), 2009-2013
Table 174: Australian Reinsurance - Premium Accepted by Category (AUD Billion), 2013-2018
Table 175: Australian Reinsurance - Premium Accepted by Category (US$ Billion), 2013-2018
Table 176: Australian Reinsurance - Premium Ceded by Type of Insurance (AUD Billion), 2009-2013
Table 177: Australian Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2009-2013
Table 178: Australian Reinsurance - Premium Ceded by Type of Insurance (AUD Billion), 2013-2018
Table 179: Australian Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2013-2018
Table 180: Australian Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 181: Australian Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 182: Australia - Life Insurance Regulatory Framework
Table 183: Australia - Property Insurance Regulatory Framework
Table 184: Australia - Motor Insurance Regulatory Framework
Table 185: Australia - Liability Insurance Regulatory Framework
Table 186: Australia - Corporate Tax Rates for the Financial Year 2013
Table 187: Australian Life Insurance - Segment Shares (%), 2013
Table 188: MLC Ltd - Key Facts
Table 189: MLC Ltd - Key Financials (AUD Million), 2009-2013
Table 190: The Colonial Mutual Life Assurance Society Ltd - Key Facts
Table 191: The Colonial Mutual Life Assurance Society Ltd - Key Financials (AUD Million), 2009-2013
Table 192: AMP Life Ltd - Key Facts
Table 193: AMP Life Ltd - Key Financials (AUD Million), 2009-2013
Table 194: OnePath Life Ltd - Key Facts
Table 195: OnePath Life Ltd - Key Financials (AUD Million), 2011-2013
Table 196: TAL Life Ltd - Key Facts
Table 197: TAL Life Ltd - Key Financials (AUD Million), 2011 & 2013
Table 198: National Mutual Life Association of Australasia Ltd - Key Facts
Table 199: National Mutual Life Association of Australasia Ltd - Key Financials (AUD Million), 2009-2013
Table 200: AIA Australia Ltd - Key Facts
Table 201: AIA Australia Ltd - Key Financials (AUD Million), 2009-2013
Table 202: Westpac Life Insurance Services Ltd - Key Facts
Table 203: Westpac Life Insurance Services Ltd - Key Financials (AUD Million), 2009-2013
Table 204: Suncorp Life & Superannuation Ltd - Key Facts
Table 205: Suncorp Life & Superannuation Ltd - Key Financials (AUD Million), 2009-2013
Table 206: MetLife Insurance Ltd - Key Facts
Table 207: MetLife Insurance Ltd - Key Financials (AUD Million), 2009-2013

List of Figures
Figure 1: Australian Insurance - Gross Written Premium by Segment (AUD Billion), 2009-2018
Figure 2: Australian Insurance - Dynamics by Segment, Gross Written Premium (2009-2018)
Figure 3: Australian Insurance - Direct Written Premium by Segment (AUD Billion), 2009-2018
Figure 4: Australian Insurance - Dynamics by Segment, Direct Written Premium (2009-2018)
Figure 5: Australian Life Insurance - Gross Written Premium by Category (AUD Billion), 2009-2018
Figure 6: Australian Life Insurance - Gross Written Premium by Category (% Share), 2013 and 2018
Figure 7: Australian Life Insurance - Dynamics by Category, 2009-2018
Figure 8: Australian Life Insurance - New Business Written Premium (AUD Billion), 2009-2013
Figure 9: Australian Life Insurance - New Business Written Premium (AUD Billion), 2013-2018
Figure 10: Australian Life Insurance - Earned Premium (AUD Billion), 2009-2013
Figure 11: Australian Life Insurance - Earned Premium (AUD Billion), 2013-2018
Figure 12: Australian Life Insurance - Sum Assured (AUD Billion), 2009-2013
Figure 13: Australian Life Insurance - Sum Assured (AUD Billion), 2013-2018
Figure 14: Australian Life Insurance - Paid Claims (AUD Billion), 2009-2013
Figure 15: Australian Life Insurance - Paid Claims (AUD Billion), 2013-2018
Figure 16: Australian Life Insurance - Incurred Loss (AUD Billion), 2009-2013
Figure 17: Australian Life Insurance - Incurred Loss (AUD Billion), 2013-2018
Figure 18: Australian Life Insurance - Loss Ratio (%), 2009-2013
Figure 19: Australian Life Insurance - Loss Ratio (%), 2013-2018
Figure 20: Australian Life Insurance - Commissions and Expenses (AUD Billion), 2009-2013
Figure 21: Australian Life Insurance - Commissions and Expenses (AUD Billion), 2013-2018
Figure 22: Australian Life Insurance - Combined Ratio (%), 2009-2013
Figure 23: Australian Life Insurance - Combined Ratio (%), 2013-2018
Figure 24: Australian Life Insurance - Fraud and Crimes (AUD Billion), 2009-2013
Figure 25: Australian Life Insurance - Fraud and Crimes (AUD Billion), 2013-2018
Figure 26: Australian Life Insurance - Total Assets (AUD Billion), 2009-2013
Figure 27: Australian Life Insurance - Total Assets (AUD Billion), 2013-2018
Figure 28: Australian Life Insurance - Total Investment Income (AUD Billion), 2009-2013
Figure 29: Australian Life Insurance - Total Investment Income (AUD Billion), 2013-2018
Figure 30: Australian Life Insurance - Retentions (AUD Billion), 2009-2013
Figure 31: Australian Life Insurance - Retentions (AUD Billion), 2013-2018
Figure 32: Australian Life Insurance - Investment Portfolio (AUD Billion), 2009-2013
Figure 33: Australian Life Insurance - Investment Portfolio, 2009-2013
Figure 34: Australian Life Insurance - Penetration (%), 2009-2013
Figure 35: Australian Life Insurance - Density (Number of Policies per Capita), 2009-2013
Figure 36: Australian Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 37: Australian Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 38: Australian Life Insurance - Premium Per-capita (AUD), 2009-2013
Figure 39: Australian Individual Life Insurance - Gross Written Premium by Category (AUD Billion), 2009-2018
Figure 40: Australian Individual Life Insurance - Gross Written Premium by Category (% Share), 2013 and 2018
Figure 41: Australian Individual Life Insurance - Dynamics by Category, 2009-2018
Figure 42: Australian Individual Life Insurance - Direct Written Premium by Category (AUD Billion), 2009-2018
Figure 43: Australian Individual Life Insurance - Direct Written Premium by Category (% Share), 2013 and 2018
Figure 44: Australian Individual Life Insurance - Dynamics by Category, 2009-2018
Figure 45: Australian Individual Life Insurance - Policies by Category (Thousand), 2009-2018
Figure 46: Australian Individual Life Insurance - Policies by Category (% Share), 2013 and 2018
Figure 47: Australian Individual Life Insurance - Dynamics by Category, 2009-2018
Figure 48: Australian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 49: Australian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 50: Australian Individual Whole Life Insurance - Gross Written Premium (AUD Billion), 2009-2013
Figure 51: Australian Individual Whole Life Insurance - Gross Written Premium (AUD Billion), 2013-2018
Figure 52: Australian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 53: Australian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 54: Australian Individual General Annuity Insurance - Gross Written Premium (AUD Billion), 2009-2013
Figure 55: Australian Individual General Annuity Insurance - Gross Written Premium (AUD Billion), 2013-2018
Figure 56: Australian Individual Pension Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 57: Australian Individual Pension Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 58: Australian Individual Pension Insurance - Gross Written Premium (AUD Billion), 2009-2013
Figure 59: Australian Individual Pension Insurance - Gross Written Premium (AUD Billion), 2013-2018
Figure 60: Australian Individual Term Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 61: Australian Individual Term Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 62: Australian Individual Term Life Insurance - Gross Written Premium (AUD Billion), 2009-2013
Figure 63: Australian Individual Term Life Insurance - Gross Written Premium (AUD Billion), 2013-2018
Figure 64: Australian Individual Other Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 65: Australian Individual Other Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 66: Australian Individual Other Insurance - Gross Written Premium (AUD Billion), 2009-2013
Figure 67: Australian Individual Other Insurance - Gross Written Premium (AUD Billion), 2013-2018
Figure 68: Australian Group Life Insurance - Gross Written Premium by Category (AUD Billion), 2009-2018
Figure 69: Australian Group Life Insurance - Gross Written Premium by Category (% Share), 2013 and 2018
Figure 70: Australian Group Life Insurance - Dynamics by Category, 2009-2018
Figure 71: Australian Group Life Insurance - Direct Written Premium by Category (AUD Billion), 2009-2018
Figure 72: Australian Group Life Insurance - Direct Written Premium by Category (% Share), 2013 and 2018
Figure 73: Australian Group Life Insurance - Dynamics by Category, 2009-2018
Figure 74: Australian Group Life Insurance - Policies by Category (Thousand), 2009-2018
Figure 75: Australian Group Life Insurance - Policies by Category (% Share), 2013 and 2018
Figure 76: Australian Group Life Insurance - Dynamics by Category, 2009-2018
Figure 77: Australian Group Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 78: Australian Group Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 79: Australian Group Whole Life Insurance - Gross Written Premium (AUD Billion), 2009-2013
Figure 80: Australian Group Whole Life Insurance - Gross Written Premium (AUD Billion), 2013-2018
Figure 81: Australian Group Superannuation Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 82: Australian Group Superannuation Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 83: Australian Group Superannuation Insurance - Gross Written Premium (AUD Billion), 2009-2013
Figure 84: Australian Group Superannuation Insurance - Gross Written Premium (AUD Billion), 2013-2018
Figure 85: Australian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 86: Australian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 87: Australian Individual Single-Premium Insurance - Gross Written Premium (AUD Billion), 2009-2013
Figure 88: Australian Individual Single-Premium Insurance
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- MLC Ltd
- The Colonial Mutual Life Assurance Society Ltd
- AMP Life Ltd
- OnePath Life Ltd
- TAL Life Ltd
- The National Mutual Life Association of Australasia Ltd
- AIA Australia Ltd
- Westpac Life Insurance Services Ltd
- Suncorp Life & Super
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5 of 4
Note: Product cover images may vary from those shown
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