Today: October 6, 2015, 6:27 pm

Australia life insurance market: Decline of -0.6% CAGR witnessed betweeen 2008-2012
Life Insurance in Australia, Key Trends and Opportunities to 2017 - a new market research report on 2014-04-23 16:19:02
During the review period (2008−2012), the Australian life insurance segment accounted for 48.1% of the industry´s total written premium value in 2012. The segment is also considered to be one of the most competitive of its kind in the Asia-Pacific region due to its stringent regulatory environment. The segment registered a positive annual growth rate during the financial crisis of 2008−2009.

Over the forecast period (2012–2017), Australia´s life insurance growth will be driven by a number of factors, including government initiatives to promote life insurance, an aging population and the relatively low penetration of life insurance products in relation to other developed nations. As such, the segment´s written premium value is projected to increase at a forecast-period CAGR of 1.5%.

The Australian life insurance segment declined at a review-period CAGR of -0.6%. Bancassurance is considered as the most popular and trusted life insurance distribution channel in Australia. 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 Australian life insurance segment is highly competitive and contains both domestic and foreign insurers

Click for report details: ..

Browse all Finance and Banking Market Research Reports ..

Browse all Finance and Banking Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us 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,’s 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.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 396 Words
Related Articles
More From Finance
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi .com Teaches Consumers How To Prevent [..]
Want to Halt Vehicle Repossession? Here’s How Sometimes things happen that end up leaving one in a financially strapped position. [..]
Sell Your Phoenix Winter Condo or Townhouse [..]
Most condominium owners or homeowners, in almost every state in the country, are asking the same question: “Should I sell [..] Shows Homeowners How To Avoid Foreclosure [..]
The idea that someone could lose his home to his lender is just scary, and he may not know how [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.