Personal Accident and Health Insurance in Australia

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The Australian personal accident and health insurance segment recorded the fastest growth at a CAGR of 7.5% in the overall insurance industry during the review period. The growth was partly due to increased medical expenditure, which fuelled the health insurance category, and the strong performance of the travel insurance category, which grew at a CAGR of 9.6% during the review period.

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Personal Accident and Health Insurance in Australia

  1. 1. Personal Accident and Health Insurance in Australia, Key Trends and Opportunities to 2017 Synopsis The report provides in depth market analysis, information and insights into the Australian personal accident and health insurance market, including: The Australian personal accident and health insurance market’s growth prospects by personal accident and health insurance categories The various distribution channels in the Australian personal accident and health insurance market The competitive landscape in the personal accident and health insurance market A description of the personal accident and health reinsurance market in Australia Executive summary The Australian personal accident and health insurance segment recorded the fastest growth at a CAGR of 7.5% in the overall insurance industry during the review period. The growth was partly due to increased medical expenditure, which fuelled the health insurance category, and the strong performance of the travel insurance category, which grew at a CAGR of 9.6% during the review period. This was further supported by the country’s improved macro- and microeconomic fundamentals. These indicators are likely to remain buoyant and drive the overall segment growth over the forecast period. As such, the personal accident and health segment is expected to increase at a CAGR of 6.5% over the forecast period. Scope This report provides a comprehensive analysis of the personal accident and health insurance market in Australia: It provides historical values for Australia’s personal accident and health insurance market for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period It offers a detailed analysis of the key sub-segments in Australia’s personal accident and health insurance market, along with market forecasts until 2017 It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions It analyses the various distribution channels for personal accident and health insurance products in Australia Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Australia for the personal accident and health insurance business It provides a detailed analysis of the reinsurance market in Australia and its growth prospects It profiles the top personal accident and health insurance companies in Australia and outlines the key regulations affecting them Reasons to buy Make strategic business decisions using historic and forecast market data related to the Australian personal accident and health insurance market and each sector within it Understand the demand-side dynamics, key market trends and growth opportunities within the Australian personal accident and health insurance market Assess the competitive dynamics in the personal accident and health insurance market, along with the reinsurance segment Identify the growth opportunities and market dynamics within key product categories Gain insights into key regulations governing the Australian insurance market and its impact on companies and the market's future Key highlights In terms of gross written premiums, the Australian insurance industry is considered one of the fifteen leading Personal Accident and Health Insurance in Australia, Key Trends and Opportunities to 2017
  2. 2. insurance industries in the world and one of the ten leading insurance industries in the Asia-Pacific region A large proportion of Australians do not have access to private health insurance Direct marketing is critical for development in the segment. The popularity of the direct marketing channel was driven by the increasing use of mobile phones APRA is the regulatory body for insurance and is authorized to issue and retract the licenses of stakeholders such as insurance companies, agents and brokers The personal accident and health insurance segment in Australia is highly concentrated table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Australian Insurance Industry Attractiveness 3.1 Insurance Industry Size, 2008-2017 3.2 Key Industry Trends And Drivers 3.2.1 Business Drivers 4 Personal Accident And Health Insurance Segment Outlook 4.1 Personal Accident And Health Insurance Growth Prospects By Category 4.1.1 Personal Accident 4.1.2 Travel Insurance 4.1.3 Health Insurance 4.1.4 Non-life Health Insurance 5 Analysis By Distribution Channels 5.1 Direct Marketing 5.2 Bancassurance 5.3 Agencies 5.4 E-commerce 5.5 Brokers 5.6 Other Channels 6 Regulatory Policies Personal Accident and Health Insurance in Australia, Key Trends and Opportunities to 2017
  3. 3. 7 Porter's Five Forces Analysis 7.1 Bargaining Power Of Supplier: Low 7.2 Bargaining Power Of Buyer: Medium 7.3 Barriers To Entry: High 7.4 Intensity Of Rivalry: Medium 7.5 Threat Of Substitutes: Low 8 Reinsurance Growth Dynamics And Challenges 8.1 Reinsurance Segment Size, 2008-2017 8.2 Reinsurance Segment Size By Insurance Segment, 2008-2017 9 Competitive Landscape And Strategic Insights 9.1 Overview 9.2 Leading Companies In The Australian Personal Accident And Health Insurance Segment 9.3 Comparison Of Five Leading Insurers 9.3.1 Gross Written Premium 9.3.2 Gross Claims 9.3.3 Paid Claims 9.3.4 Pretax Profit 9.3.5 Total Assets 9.3.6 Total Investment Income 9.4 Bupa Australia Health Pty Ltd - Company Overview 9.4.1 Bupa Australia Health Pty Ltd - Key Facts 9.4.2 Bupa Australia Health Pty Ltd - Key Financials 9.5 Medibank Private Ltd - Company Overview 9.5.1 Medibank Private Ltd - Key Facts 9.5.2 Medibank Private Ltd - Key Financials 9.6 The Hospitals Contribution Fund Of Australia Limited - Company Overview 9.6.1 The Hospitals Contribution Fund Of Australia Limited - Key Facts 9.6.2 The Hospitals Contribution Fund Of Australia Limited - Key Financials 9.7 Hbf Health Ltd - Company Overview 9.7.1 Hbf Health Ltd - Key Facts 9.7.2 Hbf Health Ltd - Key Financials 9.8 Nib Health Funds Ltd - Company Overview 9.8.1 Nib Health Funds Ltd - Key Facts 9.8.2 Nib Health Funds Ltd - Key Financials 9.9 Australian Unity Health Ltd - Company Overview 9.9.1 Australian Unity Health Ltd - Key Facts 9.9.2 Australian Unity Health Ltd - Key Financials Personal Accident and Health Insurance in Australia, Key Trends and Opportunities to 2017
  4. 4. 9.1 Australian Health Management Group Pty Limited - Company Overview 9.10.1 Australian Health Management Group Pty Limited - Key Facts 9.10.2 Australian Health Management Group Pty Limited - Key Financials 9.11 Teachers Federation Health Ltd - Company Overview 9.11.1 Teachers Federation Health Ltd - Key Facts 9.11.2 Teachers Federation Health Ltd - Key Financials 9.12 Gmhba Ltd - Company Overview 9.12.1 Gmhba Ltd - Key Facts 9.12.2 Gmhba Ltd - Key Financials 9.13 Defence Health Ltd - Company Overview 9.13.1 Defence Health Ltd - Key Facts 9.13.2 Defence Health Ltd - Key Financials 10 Business Environment And Country Risk 10.1 Business Confidence 10.1.1 Market Capitalization Trend - Australian Securities Exchange, Australia 10.2 Economic Performance 10.2.1 Gdp At Constant Prices (us$) 10.2.2 Gdp Per Capita At Constant Prices (us$) 10.2.3 Gdp At Current Prices (us$) 10.2.4 Gdp Per Capita At Current Prices (us$) 10.2.5 Gdp By Key Segments 10.2.6 Agriculture Net Output At Current Prices (aud) 10.2.7 Agriculture Net Output At Current Prices (us$) 10.2.8 Agriculture Net Output At Current Prices As A Percentage Of Gdp 10.2.9 Manufacturing Net Output At Current Prices (aud) 10.2.10 Manufacturing Net Output At Current Prices (us$) 10.2.11 Manufacturing Net Output At Current Prices As A Percentage Of Gdp 10.2.12 Mining, Manufacturing And Utilities Net Output At Current Prices (aud) 10.2.13 Mining, Manufacturing And Utilities At Current Prices (us$) 10.2.14 Mining, Manufacturing And Utilities At Current Prices As Percentage Of Gdp 10.2.15 Construction Net Output At Current Prices (aud) 10.2.16 Construction Net Output At Current Prices, (us$) 10.2.17 Construction Net Output At Current Prices As A Percentage Of Gdp 10.2.18 Inflation Rate 10.2.19 Exports As A Percentage Of Gdp 10.2.20 Imports As A Percentage Of Gdp 10.2.21 Exports Growth 10.2.22 Imports Growth 10.2.23 Annual Average Exchange Rate Aud-us$ 10.3 Infrastructure 10.3.1 Commercial Vehicles Exports Total Value Personal Accident and Health Insurance in Australia, Key Trends and Opportunities to 2017
  5. 5. 10.3.2 Commercial Vehicles Imports Total Value 10.3.3 Automotive Components Exports Total Value 10.3.4 Automotive Components Imports Total Value 10.3.5 Total Internet Subscribers 10.4 Labor Force 10.4.1 Labor Force 10.4.2 Unemployment Rate 10.5 Demographics 10.5.1 Gross National Disposable Income (us$) 10.5.2 Total Population 10.5.3 Urban And Rural Population 10.5.4 Median Age Of Population 10.5.5 Age Distribution Of The Total Population 11 Appendix 11.1 Methodology 11.1 Contact Us 11.2 About Timetric 11.3 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Personal Accident and Health Insurance in Australia, Key Trends and Opportunities to 2017

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