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Follow on Google News | Market Report, "Australia Insurance Report 2011", publishedFast Market Research recommends "Australia Insurance Report 2011" from Business Monitor International, now available
We forecast for the life and non-life segments to grow over the forecast period at a rate of 7% per annum, which is somewhat faster than the growth rate for the economy as a whole. BMI's proprietary Insurance Business Environment Rating for Australia is 76.8. The Australian economy generally escaped the more serious consequences of the global financial crisis. Most importantly its financial institutions were not directly involved in the subprime debacle. Each of the large banking and insurance groups remains profitable and financially sound (with the reservation that we are concerned about the exposure of Australia's banks to a potential housing price bubble). The non-life sector has emerged essentially unscathed. A hardening market and a reasonably conservative investment approach saw the non-life companies report profit through the crisis, even though results were affected by lower or negative investment income. Several successive years of higher than average claims from natural disasters has prompted a reappraisal as to what the 'average' level is likely to be in coming years. The life sector has fared worse, with premiums down significantly in the face of substantial investment losses. Many of the write-downs are unrealised and will be recovered, progressively, if the slow improvement in equity markets is sustained. Growth in the life sector is dominated by contributions to Australia's superannuation regime. This part of the industry is still growing at over 10% a year and is likely to do so throughout the forecast period. The links between superannuation and life insurance mean that the biggest players are the local financial services groups, which combine strong local brands with distribution power and, usually, a bancassurance offering. The core of this group is known as the 'five pillars' - the four large banks plus AMP. While they were relatively small transactions in terms of market share, the acquisition of the Australian operations of Aviva by National Australia Bank/MLC and the acquisition of the remaining 50% of ING's Australian business by ANZ were symbolic of the trend. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: The Sector At A Glance - Table: Overview Of Australia's Insurance Sector - Key Insights On Australia's Insurance Sector - Key Features Of This Report SWOT Analysis - Australia Insurance Industry SWOT - Australia Political SWOT - Australia Economic SWOT Analysis - Australia Business Environment SWOT Asia Pacific Market Overview - Table: Premium's In Asia Pacific's Non-Life Segment (US$mn) - Table: Premiums In Asia Pacific's Life Segment (US$mn) Latest Developments Projections And Forecasts - Table: Premium Growth, 2007-2015 - Projections And Drives Of Growth - Table: Growth Drivers, 2007-2015 Country Update - Macroeconomic Outlook - Table: Australia Economic Activity, 2006-2015 - Political Outlook Insurance Business Environment Ratings - Table: Australia's Insurance Business Environment Rating - Table: Asia Pacific Insurance Business Environment Ratings Regional Context - Table: Non-Life Premiums In A Regional Context, 2009 - Table: Life Premiums In A Regional Context, 2009 Analysis Of Australia's Competitive Conditions - Non-Life Segment - Life Segment - Table: Total Premiums In Australia's Life Business (year ending December 31 2007) Company Profiles - Chartis - Allianz - AMP Limited - AXA Asia Pacific - Commonwealth Bank of Australia/Colonial First State - Insurance Australia Group - Lumley Insurance/Wesfarmers - National Australia Bank/MLC - QBE - Suncorp-Metway - TOWER Australia Group - Zurich Country Snapshot: Australia Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2012 - Section 2: Education And Healthcare - Table: Education, 2002-2005 - Table: Vital Statistics - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 2001-2006 - Table: Consumer Expenditure, 2000-2012 (US$) - Table: Average Annual Wages, 2000-2012 BMI Methodology - Insurance Business Environment Ratings - Table: Insurance Business Environment Indicators And Rationale - Table: Weighting Of Indicators About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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