The Top Five General Insurers Account for 78% of the Australian Insurance Market.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c49173) has announced the addition of Australian Insurance Industry: An Analysis to their offering. This report is a detailed study about the Australian insurance industry and its various segments. Australia has a mature, diversified, sophisticated, highly competitive, and rapidly growing insurance industry. It also discusses in details the current trends of consolidation, improved underwriting performance, declining expense ratio and fluctuating claims. The report employs Micheal Porters Five Forces Analysis model and also uses the PEST framework for the purpose. The report also profiles the leading firms of the industry - AMP, AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery Asia Pacific Holdings, Insurance Australia Group Insurance Australia Group Limited (IAG) is an Australian publicly-listed company with its shares traded on the Australian Stock Exchange as ASX: IAG. The company was formed by the demutualisation of the NRMA Insurance business in July 2000 and a return of shares to the (IAG IAG Insurance Australia Group IAG Information, Advice and Guidance IAG International Association of Geodesy IAG Interagency Agreement IAG International Association of Geomorphologists IAG International Association of Gerontology IAG International Audio Group ) and QBE Insurance QBE Insurance Group Limited ASX: QBE is an Australian based general insurance provider, providing insurance services mainly to the Asia Pacific region, but also America and Europe. It has offices in 44 countries. Group - to provide a comprehensive comparative analysis. It also talks in details about the strategies adopted by these firms. The report also includes a brief financial analysis of the firms. It finally ends with a broad future outlook regarding the industry and its overall performance. Topics Covered Content Outline: 1. Introduction 2. Market Dynamics 3. PEST Analysis PEST analysis stands for "Political, Economic, Social, and Technological analysis" and describes a framework of macroenvironmental factors used in environmental scanning. 4. Michael Porters This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Five Forces Analysis 5. Competitive Landscape 6. Industry Outlook List of Tables List of Figures Summary Australia has a diversified, highly competitive and rapidly growing insurance industry. As of June 30, 2005, there were 37 life insurance companies and 105 general insurers. The industry has been subject to significant changes in the recent years with clear trends of consolidation and demutualization Demutualization The process of changing corporate structure from a mutual fund company to some other form, such as a limited liability or corporation. Notes: This means mutual/life insurance companies convert from policyholder companies to stock companies. . The leading three life insurance groups constitute 60% of the total industry assets backing Australian policy holder liabilities, while the top five general insurers account for 78% of the market. Though the 2005 expenses of the Australian general insurance industry showed an increase of 4.5% in 2005, this has been offset by the increase in premiums, leading to a decline in expense ratio. The underwriting industry reported a surplus of US$3.0 billion in 2005, which is attributable to improved underwriting standards, stronger premium rating disciplines and lower claims frequency. Companies Mentioned: AMP, AXA Asia Pacific, Allianz, ING, Cobalt/Gordian, IAG, QBE (Query By Example) A method for describing a database query originally developed by IBM for mainframes. A replica of an empty record is displayed and the search conditions are typed in under their respective columns (fields). For more information visit http://www.researchandmarkets.com/reports/c49173. |
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