Insurance Companies Australia Market Share
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Insurance companies australia market share. The dynamic is outlined in new research from macquarie wealth management analysts showing insurance australia group iag which has the largest share of australia s general insurance market and rival suncorp are losing ground in the profitable home and content sector along with the motor vehicle market. General insurance in australia industry trends 2014 2019 general insurance in australia industry outlook 2019 2024 poll average industry growth 2019 2024. They are insurance australia group iag with 29 of the market suncorp group with 27 qbe with 10 allianz with 8. Four companies account for three quarters of the general insurance market.
Findings show that australia s top five insurers including insurance australia group iag which sells under popular brands such as cgu racv and nrma and rival suncorp with a stable that. Industry market research reports statistics analysis data trends and forecasts. Ibisworld s statistic shows that as of 2020 the market size of the insurance brokerage industry is 13 2bn an increase of 0 63 from 2019.
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