What is the Car Insurance industry?
The Car Insurance industry exhibits a medium level of market share concentration. The four largest players account for 64.2% of industry revenue, with IAG and Suncorp dominating and accounting for over half of the industry. IAG and Suncorp operate numerous brands of across the general insurance industry in addition to car insurance in Australia. Market share concentration has increased due to the pervasiveness of consolidation activity. Industry players have historically displayed a strong inclination for growth through mergers and acquisitions, not only locally, but also abroad... purchase to read more