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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 | Sep 2014

Smooth ride: Increasing demand for comprehensive insurance spurs revenue growth

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
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
$375m
Annual Growth 10-15
3.8%
Annual Growth 15-20
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Profit
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Employment
252
Businesses
42
Industry Analysis & Industry Trends

Despite a spate of earlier financial shocks and a recovering economy, the Motorcycle Insurance industry has been accelerating at a comfortable pace over the five years through 2014-15. Consumers have taken up motorcycles as the increasing world price of crude oil has made the upkeep of cars more expensive. 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 the 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... 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 insuranceThird party insuranceCompulsory third party 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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