Home and Contents Insurance in Australia - Market Research Report

Home and Contents Insurance industry trends (2014-2019)

poll Average industry growth 2014–2019: 2.0%

The Home and Contents Insurance industry has recorded solid revenue growth over the past five years. However, a high number of expensive claims arising from floods, cyclones and bushfires over the period have weighed on industry profitability. Insurers have raised premiums significantly over the past five years to cope with higher risk and to recover profits. As a result, industry revenue is expected to increase at an annualised 1.9% over the five years through 2018-19, to $9.3 billion. This includes anticipated revenue growth of 3.7% in the current year. Rising premiums have also benefited the industry by offsetting the effects of weaker investment revenue and the higher claim values over the past five years. The rising cost of insuring homes and c...
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Home and Contents Insurance industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Home and Contents Insurance industry is projected to continue recording revenue growth over the next five years. Industry operators' investment income is forecast to grow marginally over the period, as anticipated cash rate hikes increase revenue generated from fixed-income securities. While the severity of natural disasters is difficult to predict, insurers are now better prepared for these events. Consequently, premiums are projected to continue rising to accommodate these risks and the rising cost of reinsurance over the next five years. Changing lifestyle and housing arrangements are forecast to affect the industry's product mix over the period, with a rising number of people renting or living in apartments. Overall, industry revenue is forec...
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Home and Contents Insurance industry statistics

  • business Number of Businesses: 895
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 2,981

Biggest companies in the Home and Contents Insurance industry

The companies holding the largest market share in the Home and Contents Insurance in Australia industry include Insurance Australia Group Limited, Suncorp Group Limited, QBE Insurance Group Limited and Allianz Australia Limited.

  • pie_chart Insurance Australia Group Limited Market Share: x.x%
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  • pie_chart Suncorp Group Limited Market Share: x.x%
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  • pie_chart QBE Insurance Group Limited Market Share: x.x%
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  • pie_chart Allianz Australia Limited Market Share: x.x%
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What is Home and Contents Insurance industry?

Industry Definition

Industry firms underwrite home and contents insurance policies that protect against loss or damage to property due to theft, fire and other causes. Policies underwritten by industry operators also protect against personal liability that may arise from injury on an insured person’s property.

Industry Products and Services

  • Strata insurance
  • Disaster insurance
  • Contents insurance
  • Liability insurance
  • All Others

Industry Activities

  • Contents insurance
  • Disaster insurance
  • Strata insurance
  • Liability insurance
  • Home insurance

Market research report - table of contents

Industry Definition

Industry firms underwrite home and contents insurance policies that protect against loss or damage to property due to theft, fire and other causes. Policies underwritten by industry operators also protect against personal liability that may arise from injury on an insured person’s property.

Main Activities

  • Contents insurance
  • Disaster insurance
  • Strata insurance
  • Liability insurance
  • Home insurance

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The number of households in Australia is a major factor driving the volume of home and contents insurance policies taken out by Australians. Household num...
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Number of households
Cost of natural disasters
10-year bond rate
All Ordinaries index

Current Performance

Rising premiums
Weaker investment returns
Industry structure
Renters
 Chart: Revenue Growth

Industry Outlook

Industry risks
Regulatory changes
Changing housing preferences
 Table: Home and Contents Insurance in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Home and Contents Insurance in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Residential Property Operators in Australia
Consumers in Australia





Key Selling Industries

General Insurance in Australia
Financial Planning and Investment Advice in Australia
Insurance Brokerage in Australia




Products & Services

The Home and Contents Insurance industry provides a range of policies to households and residential property operators. Insurance policies are taken out t...
Renters
Investors
Residential property operators
Other


Demand Determinants

Population and number of households are key factors affecting the volume of policies written and industry revenue. A growing number of households drives d...
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Major Markets

Renters
Investors
Residential property operators
Other



 Chart: Major Market Segmentation for the Home and Contents Insurance in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Home and Contents Insurance industry exhibits a high level of market share concentration, with the industry's largest four companies accounting for an...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Home and Contents Insurance in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Home and Contents Insurance in Australia - Market Research Report Industry

Industry Globalization

Insurance Australia Group Limited (IAG) is a publicly listed Australian insurance company that generates most of its income from general insurance. The co...
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IAG

 Table: IAG - financial performance

Suncorp Group

 Table: Suncorp Group - financial performance

QBE Insurance Group

 Table: QBE Insurance Group - financial performance

Allianz Australia

 Table: Allianz Australia - financial performance

Capital Intensity

The Home and Contents Insurance industry exhibits low capital intensity. For every dollar paid as wages in 2018-19, industry firms will spend an estimated...
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 Chart: Level of Capital Intensity for the Home and Contents Insurance in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Home and Contents Insurance in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

AGENTS AND DISTRIBUTORS

COVERAGE

REINSURANCE

UNDERWRITING

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Home and Contents Insurance industry?

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This report on Home and Contents Insurance in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Home and Contents Insurance in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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