2014-04-02 06:01:03 - Insurance and Pension Funding in Australia: ISIC 66 - a new market research report on companiesandmarkets.com
Throughout the last decade, Australian insurance and pension funding market grew by over 152%, exceeding A$36 billion in 2010. The industry experienced rapid growth of nearly 10% per annum throughout the period. In 2008, the growth rate peaked at the rate of 16%, followed by a slight decrease in sales by 2009.
This development was associated with the strong performance of Australia´s overall economy with a decreasing unemployment rate, relatively stable inflation rate, strong currency, and stable returns on investments. Throughout the period, household purchases grew by almost 9% on average per annum, whereas B2B purchases increased by an average of nearly 14% per annum. B2B purchases thus grew faster than those of households.
Nevertheless, households remained the most important customers for
the industry, accounting for nearly 70% of total size (A$25 billion) in 2010.
Click for report details: www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..
Browse all Finance and Banking Market Research Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..
Browse all Finance and Banking Company Profile Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Company-P ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.