Non-Life Insurance in Australia, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-23 16:21:01
The written premium of the non-life segment increased at a CAGR of 5.3% during the review period. The rise was partly due to an increase in GDP at the end of review period, growing demand for property insurance, and the occurrence of natural disasters during 2010â2012 that increased premium costs.
The occurrence of natural disasters has increased the level of risk and driven consumer preparation for risk avoidance. These factors, along with growth in the property and automobile categories, are expected to drive the growth of the non-life insurance segment over the forecast period. As such, the segment´s written premium is expected to increase at a projected CAGR of 4.8% over the forecast period.
The network of brokers is the leading distribution channel in the non-life insurance segment. The Australian Prudential Regulation Authority (APRA) is the insurance regulatory body and is authorized to issue and retract the licenses of insurers, agents, brokers and related stakeholders. The non-life segment is fragmented and relatively mature in terms of product development, risk assessment and management
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.