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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

The Motorcycle Insurance market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Products Chapter

The Motorcycle Insurance industry is broken down into three product segments; comprehensive, third party and comprehensive third party insurance.

Comprehensive motorcycle insurance

Comprehensive insurance is the broadest and most expensive form of insurance offered. It covers policyholders for damage to their own motorcycles and damage their motorcycles may cause to other people's vehicles or property. Comprehensive insurance includes cover for motorcycle theft and accidental damage (including protection against natural disasters), cover for protective clothing, any emergency costs and replacement of lost keys. Insurers often extend the value of coverage to include towing and valet services... 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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