Life Insurance in Australia

Life Insurance in Australia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Australia life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2014 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

The Australian life insurance market is expected to generate total gross written premiums of $60.7bn in 2015, representing a compound annual growth rate (CAGR) of 11.3% between 2011 and 2015.

The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $33.5bn, equivalent to 55.3% of the market's overall value.

Growth in this country is largely being driven by strong equity markets, which are benefiting the investment side of life insurer businesses.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Australia

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Australia

Leading company profiles reveal details of key life insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Australia life insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Australia economy

Reasons to buy

What was the size of the Australia life insurance market by value in 2015?

What will be the size of the Australia life insurance market in 2020?

What factors are affecting the strength of competition in the Australia life insurance market?

How has the market performed over the last five years?

Who are the top competitiors in Australia's life insurance market?

Companies mentioned

AMP Limited, Commonwealth Bank of Australia, National Australia Bank Group Limited, TAL

Table of Contents

TABLE OF CONTENTS

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 8

Market value 8

Market Segmentation 9

Category segmentation 9

Geography segmentation 10

Market share 11

Market Outlook 12

Market value forecast 12

Five Forces Analysis 13

Summary 13

Buyer power 14

Supplier power 15

New entrants 16

Threat of substitutes 17

Degree of rivalry 18

Leading Companies 19

AMP Limited 19

Commonwealth Bank of Australia 23

National Australia Bank Group Limited 27

TAL 30

Macroeconomic Indicators 31

Country Data 31

Methodology 33

Industry associations 34

Related MarketLine research 34

Appendix 35

About MarketLine 35

List of Tables

Table 1: Australia life insurance market value: $ billion, 201115(e)

Table 2: Australia life insurance market category segmentation: $ billion, 2015(e)

Table 3: Australia life insurance market geography segmentation: $ billion, 2015(e)

Table 4: Australia life insurance market share: % share, by value, 2015(e)

Table 5: Australia life insurance market value forecast: $ billion, 201520

Table 6: AMP Limited: key facts

Table 7: AMP Limited: key financials ($)

Table 8: AMP Limited: key financials (A$)

Table 9: AMP Limited: key financial ratios

Table 10: Commonwealth Bank of Australia: key facts

Table 11: Commonwealth Bank of Australia: key financials ($)

Table 12: Commonwealth Bank of Australia: key financials (A$)

Table 13: Commonwealth Bank of Australia: key financial ratios

Table 14: National Australia Bank Group Limited: key facts

Table 15: National Australia Bank Group Limited: key financials ($)

Table 16: National Australia Bank Group Limited: key financials (A$)

Table 17: National Australia Bank Group Limited: key financial ratios

Table 18: TAL: key facts

Table 19: Australia size of population (million), 201115

Table 20: Australia gdp (constant 2005 prices, $ billion), 201115

Table 21: Australia gdp (current prices, $ billion), 201115

Table 22: Australia inflation, 201115

Table 23: Australia consumer price index (absolute), 201115

Table 24: Australia exchange rate, 201115

List of Figures

Figure 1: Australia life insurance market value: $ billion, 201115(e)

Figure 2: Australia life insurance market category segmentation: % share, by value, 2015(e)

Figure 3: Australia life insurance market geography segmentation: % share, by value, 2015(e)

Figure 4: Australia life insurance market share: % share, by value, 2015(e)

Figure 5: Australia life insurance market value forecast: $ billion, 201520

Figure 6: Forces driving competition in the life insurance market in Australia, 2015

Figure 7: Drivers of buyer power in the life insurance market in Australia, 2015

Figure 8: Drivers of supplier power in the life insurance market in Australia, 2015

Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Australia, 2015

Figure 10: Factors influencing the threat of substitutes in the life insurance market in Australia, 2015

Figure 11: Drivers of degree of rivalry in the life insurance market in Australia, 2015

Figure 12: AMP Limited: revenues & profitability

Figure 13: AMP Limited: assets & liabilities

Figure 14: Commonwealth Bank of Australia: revenues & profitability

Figure 15: Commonwealth Bank of Australia: assets & liabilities

Figure 16: National Australia Bank Group Limited: revenues & profitability

Figure 17: National Australia Bank Group Limited: assets & liabilities

List of Tables

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List of Figures

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