Australian Insurance Industry

Table of Contents

1. Industry Overview

• Australian Insurance Industry - A Market Summary
• Table 1: Australian Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life and Non-Life Markets Independently Analyzed with Annual Premium Income in US$ Million for the Years 2005 through 2010 (includes corresponding Graph/Chart)
• Table 2: Australian 6 -Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premium Income for Life and Non-Life Markets for 2005, 2008, and 2010 (includes corresponding Graph/Chart)
• Table 3: Australian Insurance Industry (2005):Per Capita Premium in US$ by Category - Life and Non-Life
• Presence of Insurance Brokers in Australian Insurance Industry
• Presence of Foreign Insurance Companies in Australian Insurance Industry
• An Effective Distribution System
• Key Changes in the Marketplace
• Privatization
• Creation of Managed Funds
• Establishment of Managed Funds in Australia
• ICA Introduces New Code for Policy Holders
• Ascending Premium for Public Liability Insurance Overturns

2. Review of the Sectors

2a. Life Insurance

• An Overview of Australian Life Insurance Industry
• Table 4: Australian Life Insurance Industry (2006): Percentage Breakdown by Policy Type for Superannuation and Ordinary (includes corresponding Graph/Chart)
• Table 5: Australian Life Insurance Industry (2004): Percentage Breakdown by Policy Type for Superannuation and Ordinary(includes corresponding Graph/Chart)
• Australia to Regulate Life Insurance Companies Through New Standards
• Competitive Landscape
• Table 6: Leading Players in Australian Life Insurance Industry (2006): Percentage Market Share by Premiums of Major Companies - AMP, Colonial/CBA, ING/ANZ, National Aust / MLC, Westpac, and Others (includes corresponding Graph/Chart)
• Table 7: Australian Life Insurance Industry (2006): New Business Premiums (Single and Regular) in $ Million for Select Companies - AMP, Aviva, Colonial/CBA, ING/ANZ, MetLife, National Aust/MLC, National Mutual/AXA, St Andrew' s Life, Tower Life, Westpac, and Others (includes corresponding Graph/Chart)
• Table 8: Australian Life Insurance Market (2004): Premiums Received, and Brokerage Income in A$ Million for Select Brokers - Associated Planners Financial Services Ltd, Charles McMillan & Associates Pty Ltd, Cuna Mutual Insurance Brokers Pty Ltd, G L Phillips & Company Pty Ltd, and Others(includes corresponding Graph/Chart)
• Table 9: Australian Life Insurance Industry (2004): Gross Written Premium in A$ Million by Company/Group for AMP, National Aust/MLC, ING/ANZ, Colonial/CBA, Westpac National Mutual/AXA, Macquarie Life, Citicorp Life, Tower Life, and Zurich Life (includes corresponding Graph/Chart)
• Table 10: Australian Life Insurance Industry (2004): New Business (Single & Regular) Premium in A$ Million by Leading Company/Group for Citicorp Life, Westpac, Colonial/CBA, ING/ANZ, National Aust/MLC, National Mutual/AXA, AMP, Aviva, Tower Life, AIG and Others(includes corresponding Graph/Chart)
• Table 11: Australian Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for AMP, MLC, ING, AXA, Westpac Life, and Colonial Mutual (includes corresponding Graph/Chart)
• Table 12: Top-Five Players in the Australian Life Insurance Industry (2002) - Gross Written Premium in US$ Million for AMP, MLC, ING, AXA, and Westpac Life (includes corresponding Graph/Chart)

2b. Health Insurance

• Australian Health Insurance Industry
• Industry Highlights
• Table 13: Australian Health Insurance Industry (2004): Percentage Market Share by Major Players - Australian Health Management Group Ltd, Australian Unity Health Ltd, BUPA Australia Health Pty Ltd, MBF Alliances Pty Ltd, Hospitals Contribution Fund of Australia, Medibank Private Ltd, and Others (includes corresponding Graph/Chart)

2c. General/Non-Life Insurance

• APRA Introduces New Standards for General Insurance Sector
• Public Insurance Companies of General Insurance
• General Insurance Industry Witnesses Stability
• Insurance Broking Business to Slow Down
• Commercial General Insurance Market Segmentation
• Property Insurance
• Table 14: Australian General Insurance Market (2006 & 2007): Percentage Breakdown of Premiums by Sector - Domestic Motor Vehicle, Houseowners Insurance, CTP Motor Vehicle Insurance, Public and Product Liability Insurance, Fire and ISR Insurance, Commercial Motor Vehicle Insurance, Employers' Liability Insurance, Professional Indemnity Insurance, and Other Insurance (includes corresponding Graph/Chart)
• General Insurance - A Recent Past Overview
• Table 15: Australian General/Non-Life Insurance Market (2004): Premiums Received, and Brokerage Income in A$ Million for Select Brokers - Aon Risk Services Australia Ltd, Freeman McMurrick Pty Ltd, Heath Lambert Australia Pty Ltd, Insurance Advisernet Australia Pty Ltd, Jardine Lloyd Thompson Pty Ltd, and Others (includes corresponding Graph/Chart)
• Competitive Landscape
• Table 16: Leading Players in Australian Non-Life Insurance Industry (2004): Percentage Market Share by Company - Allianz, IAG, PMN, QBE, SUN, and Others (includes corresponding Graph/Chart)
• Table 17: Australian Non-Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for QBE Group, Insurance Australia Group, Promina Group, Suncorp, and Allianz Australia (includes corresponding Graph/Chart)
• Table 18: Australian General/Non-Life Insurance Industry (2002): Percentage Share of Premium Received (In A$ Million) by Leading Private Sector Conglomerates (includes corresponding Graph/Chart)

2d. Reinsurance Industry

• Importance of Catastrophe Reinsurance

3. A Past Perspective

• Recession Gives Way to Recovery
• Table 19: Insurance Industry in Australia (2000 & 2001): Number of Insurers by Type for Private Sector, and Public Sector (includes corresponding Graph/Chart)
• Table 20: Insurance Industry in Australia (2000 & 2001): Premium Revenues in A$ Billion for Direct Insurers and Reinsurers
• Performance of Major Business Classes in Australia
• Table 21: Insurance Industry in Australia 2000): Percentage Share of Total Premium Revenue by Major Business Classes (includes corresponding Graph/Chart)
• Table 22: Insurance Industry in Australia (2000): Premium Revenue (In A$ Million) and Percentage Breakdown of Leading Private Sector Insurance Conglomerates (includes corresponding Graph/Chart)
• Table 23: Insurance Industry in Australia (2000): Premium Revenues in A$ Million by State/Territory and Insurance Category
• Reinsurance Rate Journeys Southward
• Table 24: Major Catastrophes in Australia (Losses in US$ Million) (includes corresponding Graph/Chart)
• Table 25: Reinsurance Market in Australia (2000): Premium Revenue Ceded by Type in US$ Million (includes corresponding Graph/Chart)
• Table 26: Australian Reinsurance Market (2001): Premium Revenue by Type of Business (includes corresponding Graph/Chart)
• Corporate Restructuring
• Major Corporate Restructures in Australian Private Sector

4. Product Launches

• Bendigo Bank Introduces Health Insurance
• Suncorp Launches Family Discount Scheme on Insurance Premiums
• AAMI Launches Flexi-Premium Offer for Young Drivers and Customers

5. Recent Industry Activity

• AMP Divests Gordian and Cobalt Insurance Wings for A$585 Million
• Enstar Australia Acquires AMP' s Australian Insurance Operations
• BUPA Australia and MBF in Merger Negotiations
• APRA Issues License to MGIC
• Calliden to Buy AU' s General Insurance Units
• Suncorp to Sell Holding in Royal Automobile Club of Tasmania
• Aviva Buys Stake in Infocus
• Euler Hermes to Acquire Lumley General Insurance' s Credit Insurance Business
• Genworth to Take Over Vero
• Genworth Buys Out Vero Lenders
• Allianz to Offer Life Insurance Products in Australia
• Euler Hermes to Acquire Lumley' s Credit Insurance Division
• IAG to Buy 30% Stake in AmAssurance Berhad
• QBE To Acquire British Marine Holdings
• Assetinsure Forays into General Aviation Insurance
• Arthur J Gallagher Acquires FPE Insurance Brokers
• Promina' s Vero forms Joint Venture with CTIL
• Suncorp Metway Acquires AMP' S Stake in Joint Venture
• OAMPS Insurance Brokers Acquire Policies of Harts One to One Insurance Solutions
• AMP Signs Joint Venture with China Pacific Life Assurance
• AMP Continues with its Restructuring Efforts

6. Focus on Select Australian Players

• Allianz Australia Limited
• AMP
• CGU Insurance Limited
• Gerling Australia Insurance Company Pty Ltd.
• ING Australia Limited
• Insurance Australia Group Ltd.
• QBE Insurance Group
• Suncorp Metway Insurance Ltd
• Zurich Australia Insurance Limited