Households drive market demand, with household spending representing 84.8% of total demand in 2022. Suncorp Group Ltd is the largest company in Australia, generating 8.6% of the industry’s total turnover value in 2022. The industry is fragmented, with the top five companies generating 29.9% of total production value in 2022. The total number of companies increases in 2022, to 106,319 units. The costs of the industry decrease by 0.1% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 10.5% of turnover in 2022, the 13th highest across the top 20 developed countries. With turnover of USD44.8 billion, Australia accounts for 86.4% of the Australasia total in 2022.
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This Euromonitor industrial report provides unique information on Insurance and Pension Funding in Australia: ISIC 66. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Insurance and Pension Funding in Australia: ISIC 66 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of insurance and pension funding, monetary intermediation.
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