Alive and kicking: Increasing membership and higher premiums stimulate revenue growth

The Health 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.


Industry Analysis & Industry Trends

The Health Insurance industry is an integral part of the Australian health system, as it provides insurance coverage for over 47% of the population. Health insurers generate revenue from selling health insurance policies (premium revenue) and investing premium reserves (investment revenue), with premium revenue generally accounting for over 95% of industry revenue. Overall, industry revenue is forecast to grow at an annualised 6.4% over the five years through 2016-17, to reach $23.8 billion, largely on the back of premium revenue steadily rising. This includes industry revenue growth of 4.6% in the current year.

Higher private health insurance (PHI) premiums and membership numbers have bolstered premium income over the past five years...

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Industry Report - Industry Locations Chapter

The geographic spread for the Health Insurance industry is based on information released by the Australian Prudential Regulation authority. Total coverage includes people with hospital-only coverage, general treatment-only coverage and people with combined coverage. The geographic spread of the industry is largely correlated with the geographic distribution of the population, with the Northern Territory having the lowest coverage on a per capita basis and the Australian Capital Territory having the highest.

The geographic spread of total health insurance coverage and total hospital insurance coverage is relatively similar. In Western Australia, the density of medical facilities (i.e. the..

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Industry Products

What is the Health Insurance Industry?

Industry operators primarily underwrite insurance policies relating to health and medical risks. Underwriting insurance policies involves assuming risks and assigning premiums. Industry businesses provide insurance cover for hospital, medical, dental, pharmaceutical and funeral expenses or costs. Industry firms generate revenue through insurance underwriting and investing premiums.

Industry Products
General treatment cover
Hospital treatment cover
Combined cover
Industry Activities
Dental insurance provision
Funeral benefit provision
Health insurance provision

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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