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Reinsurance in Australia, Key Trends and Opportunities to 2016
 

Reinsurance in Australia, Key Trends and Opportunities to 2016

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SynopsisThe report provides in depth market analysis, information and insights into the Australian reinsurance market, including:' The Australian reinsurance market's growth prospects by reinsurance ...

SynopsisThe report provides in depth market analysis, information and insights into the Australian reinsurance market, including:' The Australian reinsurance market's growth prospects by reinsurance categories ' The Australian reinsurance market's growth prospects by reinsurance ceded from direct insurance segments' The competitive landscape in Australian reinsurance insurance marketSummaryDuring 2011 and 2012, the Australian reinsurance segment recorded an increase in reinsurance rates due to the natural disasters that occurred during 2010 and 2011. Australia was affected by eight natural disasters in 2010, which included five floods, a tropical cyclone and two major storms. The worst of these events was the Queensland floods that occurred in December 2010. ScopeThis report provides a comprehensive analysis of the reinsurance market in Australia:' It provides historical values for the Australian reinsurance market for the review period (2007'2011) and forecast period (2012'2016)' It offers a detailed analysis of the key sub-segments in the Australian reinsurance market, along with market forecasts until 2016' It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in Australia and its growth prospects' It profiles the top reinsurance companies in AustraliaReasons To Buy' Make strategic business decisions using in depth historic and forecast market data related to Australian reinsurance market and each sector within it' Understand the demand-side dynamics, key market trends and growth opportunities within the Australian reinsurance market' Assess the competitive dynamics in the reinsurance market' 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 futureKey Highlights' The result of the high frequency of natural disasters over two years was an increase in reinsurance rates. Reinsurance rates in Australia increased by 75% between 2010 and 2012. ' Despite the impact of natural disasters such as the Queensland cyclones and the Victoria storms which resulted in widespread flooding, the Australian reinsurance segment recorded a profit during the review period.' Australian insurance regulation forced every insurer to cede a part of their premium to reinsurance due to the natural disasters which impacted Australia during the review period. ' The Australian reinsurance segment is dominated by multinational companies including Munich Re of Germany, Swiss Re of Switzerland, RGA Re of USA, Hannover Re of Germany, General Re and SCOR Re of France. Companies MentionedMunich Reinsurance CompanySwiss Re Life & Health Australia Ltd RGA Reinsurance Company of Australia Hannover Rueckversicherung AG General Reinsurance Australia Ltd SCOR Reinsurance Asia-Pacific Pte LtdBerkley Reinsurance Company Transatlantic Reinsurance Company

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    Reinsurance in Australia, Key Trends and Opportunities to 2016 Reinsurance in Australia, Key Trends and Opportunities to 2016 Document Transcript

    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!Reinsurance in Australia, Key Trends and Opportunities to 2016Published on May 2012 Report SummarySynopsisThe report provides in depth market analysis, information and insights into the Australian reinsurance market, including: The Australian reinsurance markets growth prospects by reinsurance categories The Australian reinsurance markets growth prospects by reinsurance ceded from direct insurance segments The competitive landscape in Australian reinsurance insurance marketSummaryDuring 2011 and 2012, the Australian reinsurance segment recorded an increase in reinsurance rates due to the natural disasters thatoccurred during 2010 and 2011. Australia was affected by eight natural disasters in 2010, which included five floods, a tropicalcyclone and two major storms. The worst of these events was the Queensland floods that occurred in December 2010.ScopeThis report provides a comprehensive analysis of the reinsurance market in Australia: It provides historical values for the Australian reinsurance market for the review period (20072011) and forecast period (20122016) It offers a detailed analysis of the key sub-segments in the Australian reinsurance market, along with market forecasts until 2016 It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in Australia and its growth prospects It profiles the top reinsurance companies in AustraliaReasons To Buy Make strategic business decisions using in depth historic and forecast market data related to Australian reinsurance market andeach sector within it Understand the demand-side dynamics, key market trends and growth opportunities within the Australian reinsurance market Assess the competitive dynamics in the reinsurance market 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 markets futureKey Highlights The result of the high frequency of natural disasters over two years was an increase in reinsurance rates. Reinsurance rates inAustralia increased by 75% between 2010 and 2012. Despite the impact of natural disasters such as the Queensland cyclones and the Victoria storms which resulted in widespreadflooding, the Australian reinsurance segment recorded a profit during the review period. Australian insurance regulation forced every insurer to cede a part of their premium to reinsurance due to the natural disasters whichimpacted Australia during the review period. The Australian reinsurance segment is dominated by multinational companies including Munich Re of Germany, Swiss Re ofSwitzerland, RGA Re of USA, Hannover Re of Germany, General Re and SCOR Re of France.Companies MentionedMunich Reinsurance CompanySwiss Re Life & Health Australia LtdReinsurance in Australia, Key Trends and Opportunities to 2016 (From Slideshare) Page 1/9
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!RGA Reinsurance Company of AustraliaHannover Rueckversicherung AGGeneral Reinsurance Australia LtdSCOR Reinsurance Asia-Pacific Pte LtdBerkley Reinsurance CompanyTransatlantic Reinsurance Company Table of ContentTable of Contents1 Executive Summary2 Introduction2.1 What is this Report About2.2 Definitions2.3 Methodology3 Australian Insurance Industry Attractiveness3.1 Insurance Industry Market Size, 200720163.2 Reinsurance Growth Dynamics and Challenges3.2.1 Reinsurance market size, 200720163.2.2 Reinsurance segment size by type of insurance, 200720164 Key Industry Trends and Drivers4.1 Fundamental Business Drivers4.2 Life Insurance Segment Drivers4.3 Non-Life Insurance Segment Drivers4.4 Personal Accident and Health Insurance Segment Drivers4.5 Recent Market Developments5 Competitive Landscape and Strategic Insights5.1 Overview5.2 Leading Companies in the Australian Reinsurance Market5.2.1 Gross Written Premium5.2.2 Outwards reinsurance expense5.2.3 Net earned premiums5.2.4 Gross claims5.2.5 Paid claims5.2.6 Total assets5.2.7 Total investment income5.3 Munich Reinsurance Company Aus Branch Company Overview5.3.1 Munich Reinsurance Company Aus Branch key facts5.3.2 Munich Reinsurance Company Aus Branch key financial analysis5.4 Swiss Re Life & Health Australia Ltd. Company Overview5.4.1 Swiss Re Life & Health Australia Ltd. key facts5.4.2 Swiss Re Life & Health Australia Ltd. key financial analysis5.5 RGA Reinsurance Company of Australia Company Overview5.5.1 RGA Reinsurance Company of Australia key facts5.5.2 RGA Reinsurance Company of Australia key financial analysis5.6 Hannover Rueckversicherung AG Company OverviewReinsurance in Australia, Key Trends and Opportunities to 2016 (From Slideshare) Page 2/9
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!5.6.1 Hannover Rueckversicherung AG key facts5.6.2 Hannover Rueckversicherung AG key financial analysis5.7 General Reinsurance Australia Ltd Company Overview5.7.1 General Reinsurance Australia Ltd key facts5.7.2 General Reinsurance Australia Ltd key financial analysis5.8 SCOR Reinsurance Asia-Pacific Pte Ltd. Company Overview5.8.1 SCOR Reinsurance Asia-Pacific Pte Ltd. key facts5.8.2 SCOR Reinsurance Asia-Pacific Pte Ltd key financial analysis5.9 Berkley Reinsurance Company Company Overview5.9.1 Berkley Reinsurance Company key facts5.9.2 Berkley Reinsurance Company key financial analysis5.1 Transatlantic Reinsurance Company Company Overview5.10.1 Transatlantic Reinsurance Company key facts5.10.2 Transatlantic Reinsurance Company Key financial analysis6 Business Environment and Country Risk6.1 Business Confidence6.1.1 Business confidence indicator6.1.2 Market capitalization trend the Australian securities exchange, Australia6.2 Economic Performance6.2.1 GDP at constant prices (US dollar)6.2.2 GDP per capita at constant prices (US dollar)6.2.3 GDP at current prices (US dollar)6.2.4 GDP per capita at current prices (US dollar)6.2.5 GDP by key segments6.2.6 Agricultural net output at current prices (AUD)6.2.7 Agricultural net output at current prices (US dollar)6.2.8 Agricultural net output at current prices as a percentage of GDP6.2.9 Manufacturing net output at current prices (AUD)6.2.10 Manufacturing net output at current prices (US dollar)6.2.11 Manufacturing net output at current prices as a percentage of GDP6.2.12 Mining, manufacturing and utilities net output at current prices (AUD)6.2.13 Mining, manufacturing and utilities at current prices (US dollar)6.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP6.2.15 Construction net output at current prices (AUD)6.2.16 Construction net output at current prices, (US dollar)6.2.17 Construction net output at current prices as a percentage of GDP6.2.18 Inflation rate6.2.19 Current account balance as a percentage of GDP6.2.20 Exports as a percentage of GDP6.2.21 Imports as a percentage of GDP6.2.22 Exports growth6.2.23 Imports growth6.2.24 Annual average exchange rate US$AUD6.2.25 End-of-period exchange rate US$AUD6.3 Infrastructure Quality and Availability6.3.1 Total airports and sea ports6.3.2 Railways and roadways6.3.3 Passenger vehicle production volumeReinsurance in Australia, Key Trends and Opportunities to 2016 (From Slideshare) Page 3/9
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!6.3.4 Commercial vehicle production volume6.3.5 Automotive component exports trend6.3.6 Automotive component imports trend6.3.7 Passenger car penetration6.3.8 Healthcare expenditure6.3.9 Healthcare expenditure as a percentage of GDP6.3.10 Healthcare expenditure per capita6.3.11 Total internet subscribers6.4 Labor Force6.4.1 Labor force6.4.2 Unemployment rate6.5 Demographics6.5.1 Annual disposable income6.5.2 Annual per capita disposable income6.5.3 Total population6.5.4 Urban and rural population6.5.5 Females as a percentage of the total population6.5.6 Males as a percentage of the total population6.5.7 Mean age of the population6.5.8 Median age of population6.5.9 Population density6.5.10 Age distribution of the total population6.5.11 Age distribution of the male population6.5.12 Age distribution of the female population6.5.13 Number of households6.6 Political and Social Risk6.6.1 Political stability6.6.2 Terrorism index6.6.3 Transparency index7 Appendix7.1 Methodology7.2 Contact Us7.3 About Timetric7.4 DisclaimerList of TablesTable 1: Insurance Industry DefinitionsTable 2: Australian Insurance Overall Written Premium by Segment (AUD Billion), 20072011Table 3: Australian Insurance Overall Written Premium by Segment (US$ Billion), 20072011Table 4: Australia Insurance Overall Written Premium by Segment (AUD Billion), 20112016Table 5: Australia Insurance Overall Written Premium by Segment (US$ Billion), 20112016Table 6: Australian Insurance Segmentation (% Share), 20072016Table 7: Reinsurance Market in Australia by Category (AUD Billion), 20072011Table 8: Reinsurance Market in Australia by Category (US$ Billion), 20072011Table 9: Reinsurance Market in Australia by Category (AUD Billion), 20112016Table 10: Reinsurance Market in Australia by Category (US$ Billion), 20112016Table 11: Premium Ceded to Reinsurance by Type of Insurance (AUD Billion), 20072011Table 12: Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 20072011Reinsurance in Australia, Key Trends and Opportunities to 2016 (From Slideshare) Page 4/9
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!Table 13: Premium Ceded to Reinsurance by Type of Insurance (AUD Billion), 20112016Table 14: Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 20112016Table 15: Life Insurance Percentage of Reinsurance Ceded (%), 20072011Table 16: Life Insurance Percentage of Reinsurance Ceded (%), 20112016Table 17: Non-Life Insurance Percentage of Reinsurance Ceded, 20072011Table 18: Non-Life Insurance Percentage of Reinsurance Ceded, 20112016Table 19: Personal Accident and Health Insurance Percentage of Reinsurance Ceded (%), 20072011Table 20: Personal Accident and Health Insurance Percentage of Reinsurance Ceded (%), 20112016Table 21: Australian Reinsurance Market Shares (%), 20082011Table 22: Munich Reinsurance Company Aus Branch, Key FactsTable 23: Munich Reinsurance Company Aus Branch, Key Financial Analysis (AUD Million)Table 24: Swiss Re Life & Health Australia Ltd., Key FactsTable 25: Swiss Re Life & Health Australia Ltd, Key Financials (AUD Million)Table 26: RGA Reinsurance Company of Australia, Key FactsTable 27: RGA Reinsurance Company of Australia, Key Financials (AUD Million)Table 28: Hannover Rueckversicherung AG, Key FactsTable 29: Hannover Rueckversicherung AG, Key Financial Analysis (AUD Million)Table 30: General Reinsurance Australia Ltd, Key FactsTable 31: General Reinsurance Australia Ltd, Key Financial Analysis (AUD Million)Table 32: SCOR Reinsurance Asia-Pacific Pte Ltd., Key FactsTable 33: SCOR Reinsurance Asia-Pacific Pte Ltd, Key Financial Analysis (AUD Million)Table 34: Berkley Reinsurance Company, Key FactsTable 35: Berkley Reinsurance Company, Key Financial Analysis (AUD Million)Table 36: Transatlantic Reinsurance Company, Key FactsTable 37: Transatlantic Reinsurance Company, Key Financial Analysis (AUD Million)List of FiguresFigure 1: Australian Insurance Overall Written Premium by Segment (AUD Billion), 20072016Figure 2: Australian Insurance Market Dynamics by Segment, 20072016Figure 3: Premium Ceded to Reinsurance by Category (AUD Billion), 20072016Figure 4: Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016Figure 5: Reinsurance Segment Dynamics by Category, 20072016Figure 6: Premium Ceded to Reinsurance by Type of Insurance (AUD Billion), 20072016Figure 7: Reinsurance Market Dynamics by Type of Insurance, 20072016Figure 8: Life Insurance Percentage of Reinsurance Ceded (%), 20072011Figure 9: Life Insurance Percentage of Reinsurance Ceded (%), 20112016Figure 10: Non-Life Insurance Percentage of Reinsurance Ceded, 20072011Figure 11: Non-Life Insurance Percentage of Reinsurance Ceded, 20112016Figure 12: Personal Accident and Health Insurance Percentage of Reinsurance Ceded (%), 20072011Figure 13: Personal Accident and Health Insurance Percentage of Reinsurance Ceded (%), 20112016Figure 14: Australian Reinsurance Market Shares (%), 2008 and 2011Figure 15: Reinsurance Gross Written Premium Five-Leading Australian Reinsurers, 2011Figure 16: Reinsurance Outwards Reinsurance Expense Four-Leading Australian Reinsurers, 2011Figure 17: Reinsurance Net Earned Premium Five-Leading Australian Reinsurers, 2011Figure 18: Reinsurance Gross Claims Four-Leading Australian Reinsurers, 2011Figure 19: Reinsurance Paid Claims Five-Leading Australian Reinsurers, 2011Reinsurance in Australia, Key Trends and Opportunities to 2016 (From Slideshare) Page 5/9
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!Figure 20: Reinsurance Total Assets Five-Leading Australian Reinsurers, 2011Figure 21: Reinsurance Total Investment Income Five-Leading Australian Reinsurers, 2011Figure 22: Australian Business Confidence Indicator, Q12008Q42011Figure 23: The Australian Securities Exchange Market Capitalization (US$ Billion), 20072011Figure 24: Australian GDP at Constant Prices (US$ Billion), 20072011Figure 25: Australian GDP Per Capita at Constant Prices (US$), 20072011Figure 26: Australian GDP at Current Prices (US$ Billion), 20072011Figure 27: Australian GDP Per Capita at Current Prices (US$), 20072011Figure 28: Australian GDP by Key Segments (%) 2009 and 2011Figure 29: Australian Agricultural Net Output at Current Prices (AUD Billion), 20072011Figure 30: Australian Agricultural Net Output at Current Prices (US$ Billion), 20072011Figure 31: Australian Agricultural Net Output at Current Prices as a Percentage of GDP (%), 20072011Figure 32: Australian Manufacturing Net Output at Current Prices (AUD Billion), 20072011Figure 33: Australian Manufacturing Net Output at Current Prices (US$ Billion), 20072011Figure 34: Australian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 20072011Figure 35: Australian Mining, Manufacturing and Utilities Net Output at Current Prices (AUD Billion), 20072011Figure 36: Australian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 20072011Figure 37: Australian Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 20072011Figure 38: Australian Construction Net Output at Current Prices (AUD Billion), 20072011Figure 39: Australian Construction Net Output at Current Prices (US$ Billion), 2007 2011Figure 40: Australian Construction Output at Current Prices as a Percentage of GDP (%), 20072011Figure 41: Australian Inflation Rate (%), 20072011Figure 42: Australian Current Account Balance as a Percentage of GDP(%), 20072011Figure 43: Australian Exports as a Percentage of GDP (%), 20072011Figure 44: Australian Imports as a Percentage of GDP (%), 20072011Figure 45: Australian Exports Growth (%), 20072011Figure 46: Australian Imports Growth (%), 20072011Figure 47: Australian Annual Average Exchange Rate US$AUD, 20072011Figure 48: Australian End-of-Period Exchange Rate US$AUD, 20072011Figure 49: Australian Airports and Sea Ports (Number), 2011Figure 50: Australian Railways and Roadways (Kilometers), 2011Figure 51: Australian Passenger Vehicle Production, 20072011Figure 52: Australian Commercial Vehicle Production, 20072011Figure 53: Australian Automotive Component Exports (US$ Billion), 20072011Figure 54: Australian Automotive Component Imports (US$ Billion), 20072011Figure 55: Australian Passenger Car Penetration (per thousand people), 20072011Figure 56: Australian Healthcare Expenditure (US$ Billion), 20072011Figure 57: Australian Healthcare Expenditure as a Percentage of GDP (%), 20072011Figure 58: Australian Per Capita Healthcare Expenditure (US$), 20072011Figure 59: Australian Internet Subscriptions (Millions), 20072011Figure 60: Australian Size of Labor Force in 1559 Age Group (Million), 20072011Figure 61: Australian Unemployment Rate (%), 20072011Figure 62: Australian Annual Disposable Income (US$ Billion), 20072011Figure 63: Australian Annual Per Capita Disposable Income (US$), 20072011Figure 64: Australian Total Population (Million), 20072011Figure 65: Australian Urban and Rural Population (%), 20072011Figure 66: Australian Females as a Percentage of the Total Population (%), 20072011Figure 67: Australian Males as a Percentage of the Total Population (%), 20072011Reinsurance in Australia, Key Trends and Opportunities to 2016 (From Slideshare) Page 6/9
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!Figure 68: Australian Mean Age of Population (Year), 20072011Figure 69: Australian Median Age of Population (Year), 20072011Figure 70: Australian Population Density (per Square Kilometer), 20072011Figure 71: Australian Population Distribution by Age (%), 20072011Figure 72: Australian Male Population Distribution by Age (%), 20072011Figure 73: Australian Female Population Distribution by Age (%), 20072011Figure 74: Australian Households, Number of (Million), 20072011Figure 75: Global Terrorism Heat Map, 2011Figure 76: Australian Transparency Index, 20072011Reinsurance in Australia, Key Trends and Opportunities to 2016 (From Slideshare) Page 7/9
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email! Fax Order Form To place an order via fax simply print this form, fill in the information below and fax the completed form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93 If you have any questions please visit http://www.reportlinker.com/notify/contact Order Information Please verify that the product information is correct and select the format(s) you require. Reinsurance in Australia, Key Trends and Opportunities to 2016 Product Formats Please select the product formats and the quantity you require. 1 User License--USD 1 950.00 Quantity: _____ Site License--USD 3 900.00 Quantity: _____ Contact Information Please enter all the information below in BLOCK CAPITALS Title: Mr Mrs Dr Miss Ms Prof First Name: _____________________________ Last Name: __________________________________ Email Address: __________________________________________________________________________ Job Title: __________________________________________________________________________ Organization: __________________________________________________________________________ Address: __________________________________________________________________________ City: __________________________________________________________________________ Postal / Zip Code: __________________________________________________________________________ Country: __________________________________________________________________________ Phone Number: __________________________________________________________________________ Fax Number: __________________________________________________________________________Reinsurance in Australia, Key Trends and Opportunities to 2016 (From Slideshare) Page 8/9
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email! Payment Information Please indicate the payment method, you would like to use by selecting the appropriate box. Payment by credit card Card Number: ______________________________________________ Expiry Date __________ / _________ CVV Number _____________________ Card Type (ex: Visa, Amex…) _________________________________ Payment by wire transfer Crédit Mutuel RIB : 10278 07314 00020257701 89 BIC : CMCIFR2A IBAN : FR76 1027 8073 1400 0202 5770 189 Payment by check UBIQUICK SAS 16 rue Grenette – 69002 LYON, FRANCE Customer signature:   Please note that by ordering from Reportlinker you are agreeing to our Terms and Conditions at http://www.reportlinker.com/index/terms Please fax this form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93Reinsurance in Australia, Key Trends and Opportunities to 2016 (From Slideshare) Page 9/9