Personal Accident and Health Insurance in Australia, Key Trends and Opportunities to 2016


#110442

209pages

Timetric

$ 1950

In Stock


Synopsis

The report provides market analysis, information and insights into the Australian personal accident and health insurance market, including:

  • The Australian personal accident and health insurance markets growth prospects by personal accident and health insurance categories
  • The various distribution channels in 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

Summary

Personal accident and health insurance was the Australian insurance segment that accounted for the smallest share of the total Australian insurance industry written premiums in 2011. The segment is expected to benefit from the countrys increasing awareness about the benefits of personal accident and health insurance and rising healthcare expenditure. 

Scope

This report provides a comprehensive analysis of the personal accident and health insurance market in Australia:

  • It provides historical values for the Australian personal accident and health insurance market for the review period (20072011) and forecast period (20122016) 
  • It offers a detailed analysis of the key sub-segments in the Australian personal accident and health insurance market, along with market forecasts until 2016
  • 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 Porters industry-standard Five Forces analysis, it details the competitive landscape in Australian 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 in depth 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

  • New regulations, such as Medical Medicare, enabled private health insurance companies to channel finance services in a subsidized form through enhancing patient benefit entitlements during the review period. 
  • The introduction of innovative and effective insurance policies and growing consumer awareness about the benefits of health insurance already increased the volume of personal accident and health insurance policy sales in Australia during the review period (20072011). 
  • Australias rising awareness of the benefits of insurance and government initiatives to provide health insurance to the working population are expected to drive the growth of the personal accident and health insurance segment over the forecast period. 
  • The changing lifestyle patterns of Australians with greater focus on health increased the demand for health insurance products in Australia, and raised the countrys total healthcare expenditure. 
  • The Australian personal accident and health insurance segment is considered to be highly concentrated. The leading insurers in this segment include BUPA, Medibank Private Ltd, The Hospitals Contribution Fund of Australia Ltd, HBF Health Ltd and NIB Health Funds Ltd.