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Motorcycle Insurance in Australia: Market Research Report

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

Motorcycle Insurance Market Research Report | Advisory & Financial Services | Specialist Insurance Lines | May 2013

Shifting gears: The industry increasingly focuses on young and online markets

IBISWorld’s Motorcycle Insurance market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Allianz Australia Allianz Australia market share
Insurance Australia Group Insurance Australia Group market share
QBE Insurance Group QBE Insurance Group market share
Suncorp Group Suncorp Group market share
Industry Statistics & Market Size
Revenue
$368m
Annual Growth 08-13
3.4%
Annual Growth 13-18
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Profit
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Employment
312
Businesses
39
Industry Analysis & Industry Trends

Despite a spate of financial shocks and a recovering economy, the Motorcycle Insurance industry has been accelerating at a comfortable pace over the five years through 2012-13. Consumers have taken up motorcycles as the increasing world price of crude oil has made the upkeep of cars tougher. More people adopting motorcycles as their main form of transport has provided a buffer against falling investment returns as a result of volatile financial markets. This trend has been most significant in coastal cities along Australia's eastern seaboard that have a large population concentration and high levels of traffic congestion and pollution. These conditions have prompted consumers to purchase motorcycles for increased manoeuvrability in large cities... purchase to read more

Industry Report - Industry Locations Chapter

Establishments in the industry are generally located along the lines of population spread and vehicle registrations. The majority of businesses, therefore, are located in New South Wales, Victoria and Queensland. New South Wales is estimated to house 36.9% of industry establishments. New South Wales' share of revenue is proportionately higher than its share of establishments as the average premium paid by NSW riders is higher than in other states. Victoria and Queensland are together estimated to account for 47.9% of establishments. Western Australia and South Australia are together estimated to hold 11.4% of industry establishments, with the Australian Capital Territory, Tasmania and Northern Territory housing the remainder... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Motorcycle Insurance Industry?

This industry underwrites (i.e. assuming the risk and assigning premiums) motorcycle insurance policies. Motorcycle insurance provides financial protection against physical damage to the vehicle and bodily injury resulting from traffic collisions. It can also protect against resulting liability.

Industry Products
Comprehensive motorcycle insuranceThird party motorcycle insuranceCompulsory third party motorcycle insurance
 
Industry Activities
Underwriting comprehensive motorcycle insuranceUnderwriting compulsory third party motorcycle insuranceUnderwriting third party motorcycle insuranceUnderwriting comprehensive motorcycle insuranceUnderwriting compulsory third party motorcycle insuranceUnderwriting third party motorcycle insurance


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