In the financial year 2023, the value of direct premiums of the general insurance industry in Australia was the highest at over 55 billion Australian dollars. The health insurance industry had the second-highest direct premium value in the same fiscal year, with a value of around 27 billion Australian dollars.
Value of insurance direct premiums in Australia in financial year 2023, by insurance industry (in billion Australian dollars)
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Other statistics that may interest you Insurance industry in Australia
Overview
7
- Basic Statistic Financial and insurance services industry gross value added Australia 2011-2022
- Basic Statistic Value of general insurance funds under management in Australia 2016-2021
- Premium Statistic Value of insurance direct premiums Australia FY 2023, by insurance industry
- Premium Statistic Net loss ratio of direct large insurers in Australia 2021, by company
- Premium Statistic Value of foreign direct investment in finance and insurance in Australia 2017-2021
- Premium Statistic Insurance margin Australia 2017-2021
- Premium Statistic Assets of insurance companies in Australia 2002-2022
General insurance
8
- Premium Statistic Share of general insurance gross written premium in Australia 2021, by product
- Premium Statistic Quarterly value of general insurance gross written premiums in Australia 2016-2021
- Premium Statistic Quarterly value of domestic motor vehicle insurance GWP in Australia 2016-2021
- Premium Statistic Quarterly value of homeowners and householders insurance GWP in Australia 2016-2021
- Premium Statistic Quarterly value of fire and ISR insurance GWP in Australia 2016-2021
- Premium Statistic Quarterly net loss ratio of general insurers Australia 2020-2022
- Premium Statistic Quarterly net incurred claims of general insurers Australia 2020-2022
- Premium Statistic Quarterly net profit or loss after tax general insurers Australia 2020-2022
Life insurance
5
- Basic Statistic Total life insurance funds under management in Australia 2016-2023
- Premium Statistic Value of life insurance direct premiums Australia FY 2016-2023
- Basic Statistic Assets of life insurance corporations Australia Q1 2016-Q4 2023
- Premium Statistic Leading life insurance companies Australia 2022, by revenue
- Premium Statistic Claims of insurance risk products as a share of premiums Australia FY 2016-2023
Health insurance
8
- Premium Statistic Private health insurance hospital treatment coverage in Australia 1971-2021
- Premium Statistic Share of population with general private health insurance Australia 2023, by state
- Premium Statistic Number of insured people with hospital treatment coverage in Australia FY 2012-2022
- Premium Statistic Share of population with private hospital insurance Australia 2023, by state
- Premium Statistic Non-governmental health expenditure in Australia FY 2012-2022, by source of funds
- Premium Statistic Health expenditure by private health insurance funds Australia FY 2022, by area
- Premium Statistic Private health insurance spend per person covered Australia FY 2012-2022
- Premium Statistic Share of medical health insurance benefits paid Australia Q3 2021, by service
Consumer behavior
6
- Premium Statistic Most common insurances by type in Australia 2024
- Premium Statistic Attitudes towards insurances in Australia 2024
- Premium Statistic Insurances taken out online by type in Australia 2024
- Premium Statistic Share of actions taken with household insurance Australia 2020-2021
- Premium Statistic Share of actions taken with vehicle insurance Australia 2020-2021
- Premium Statistic Leading risk and life insurance companies Australia 2021, by customer satisfaction
Further related statistics
14
- Written insurance premiums in the UK 2009-2025, by business class
- Life and non-life insurance direct premiums written globally 2006-2022
- Gross accrued premiums in the Spanish insurance sector 2022, by insurance type
- Volume of insurance market premiums in Spain 2005-2022
- Ranking of Zurich entities with the highest premium volume Spain 2015
- Europe: value of insurance premiums written by country 2019
- Net premiums written by life and health insurance in the U.S. 2004-2013
- Technical result of the insurance sector Netherlands by insurance branch 2012-2021
- Gross earned premiums in the Spanish insurance sector 2011-2022
- Ranking of Generali entities with the highest volume of premiums Spain 2015
- Average daily non-discretionary serves per capita in Australia FY2020, by food group
- Major investments by China in Australia 2020
- Arrivals of non-Australian citizens from overseas destinations to Australia 2018-2021
- Concern level about the most recent unsolicited call received in Australia 2018
Further Content: You might find this interesting as well
Statistics
- Written insurance premiums in the UK 2009-2025, by business class
- Life and non-life insurance direct premiums written globally 2006-2022
- Gross accrued premiums in the Spanish insurance sector 2022, by insurance type
- Volume of insurance market premiums in Spain 2005-2022
- Ranking of Zurich entities with the highest premium volume Spain 2015
- Europe: value of insurance premiums written by country 2019
- Net premiums written by life and health insurance in the U.S. 2004-2013
- Technical result of the insurance sector Netherlands by insurance branch 2012-2021
- Gross earned premiums in the Spanish insurance sector 2011-2022
- Ranking of Generali entities with the highest volume of premiums Spain 2015
- Average daily non-discretionary serves per capita in Australia FY2020, by food group
- Major investments by China in Australia 2020
- Arrivals of non-Australian citizens from overseas destinations to Australia 2018-2021
- Concern level about the most recent unsolicited call received in Australia 2018
KPMG. (October 9, 2023). Value of insurance direct premiums in Australia in financial year 2023, by insurance industry (in billion Australian dollars) [Graph]. In Statista. Retrieved June 01, 2024, from https://www.statista.com/statistics/1255372/australia-direct-insurance-premiums-by-industry/
KPMG. "Value of insurance direct premiums in Australia in financial year 2023, by insurance industry (in billion Australian dollars)." Chart. October 9, 2023. Statista. Accessed June 01, 2024. https://www.statista.com/statistics/1255372/australia-direct-insurance-premiums-by-industry/
KPMG. (2023). Value of insurance direct premiums in Australia in financial year 2023, by insurance industry (in billion Australian dollars). Statista. Statista Inc.. Accessed: June 01, 2024. https://www.statista.com/statistics/1255372/australia-direct-insurance-premiums-by-industry/
KPMG. "Value of Insurance Direct Premiums in Australia in Financial Year 2023, by Insurance Industry (in Billion Australian Dollars)." Statista, Statista Inc., 9 Oct 2023, https://www.statista.com/statistics/1255372/australia-direct-insurance-premiums-by-industry/
KPMG, Value of insurance direct premiums in Australia in financial year 2023, by insurance industry (in billion Australian dollars) Statista, https://www.statista.com/statistics/1255372/australia-direct-insurance-premiums-by-industry/ (last visited June 01, 2024)
Value of insurance direct premiums in Australia in financial year 2023, by insurance industry (in billion Australian dollars) [Graph], KPMG, October 9, 2023. [Online]. Available: https://www.statista.com/statistics/1255372/australia-direct-insurance-premiums-by-industry/