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Car Insurance in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Car Insurance Market Research Report | Advisory & Financial Services | Specialist Insurance Lines | 2016

Peak hour: Ongoing growth in the number of motor vehicles drives premium growth

IBISWorld’s Car Insurance market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Allianz Australia Allianz Australia market share
IAG IAG market share
QBE Insurance Group QBE Insurance Group market share
Suncorp Group Suncorp Group market share
Industry Statistics & Market Size
Revenue
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Annual Growth 11-16
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Annual Growth 16-21
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Profit
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Employment
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Businesses
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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

 


Industry ProductsRelated ReportsTable of Contents
Major products in this industry
Commercial motor vehicle insurancePrivate motor vehicle insuranceCompulsory third-party motor vehicle insurance
 
Examples of brands in this Industry
Shannon's, Just Car, Bingle, AAMISGIO, CGU, NRMA, SwannInsureMyRide, Just Car, Bingle, AAMI


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