In the financial year 2023, the value of life insurance direct premiums in Australia was around 18.6 billion Australian dollars. This marked a decrease from the previous fiscal year, in which the life insurance direct premiums value was around 17.85 billion Australian dollars.
Value of life insurance direct premiums in Australia from financial year 2016 to 2023 (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
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- Premium Statistic Value of foreign direct investment in finance and insurance in Australia 2017-2021
- Premium Statistic Insurance margin Australia 2017-2021
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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 2023
- Premium Statistic Attitudes towards insurances in Australia 2023
- Premium Statistic Insurances taken out online by type in Australia 2023
- 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
- Value of life insurance premiums in Sub-Saharan Africa 2014, by country
- Penetration rate of life insurance in Sub-Saharan Africa 2014, by country
- Monthly change in life insurance premiums in France 2017-2018
- Value of insurance premiums in Sub-Saharan Africa 2014, by country
- Monthly value of life insurance premiums in France 2014-2020
- Life insurance premiums in France 2008-2021, by product type
- Life insurance premium income of Folksam Life Group 2014-2020
- French insurance market: life premiums by distribution channel 2006-2021
- Life insurance: share in insurance premiums France 2005-2015
- Leading life insurance and annuities companies in Bulgaria Q4 2020
- Life premiums of Nationwide Mutual 2013-2017
- Life insurance premium growth ASEAN 2013-2018
- Value of malt extract exports from Australia 2009-2021
- Overseas departures from Australia 2019-2021, by country of citizenship
Further Content: You might find this interesting as well
Statistics
- Value of life insurance premiums in Sub-Saharan Africa 2014, by country
- Penetration rate of life insurance in Sub-Saharan Africa 2014, by country
- Monthly change in life insurance premiums in France 2017-2018
- Value of insurance premiums in Sub-Saharan Africa 2014, by country
- Monthly value of life insurance premiums in France 2014-2020
- Life insurance premiums in France 2008-2021, by product type
- Life insurance premium income of Folksam Life Group 2014-2020
- French insurance market: life premiums by distribution channel 2006-2021
- Life insurance: share in insurance premiums France 2005-2015
- Leading life insurance and annuities companies in Bulgaria Q4 2020
- Life premiums of Nationwide Mutual 2013-2017
- Life insurance premium growth ASEAN 2013-2018
- Value of malt extract exports from Australia 2009-2021
- Overseas departures from Australia 2019-2021, by country of citizenship
KPMG. (October 9, 2023). Value of life insurance direct premiums in Australia from financial year 2016 to 2023 (in billion Australian dollars) [Graph]. In Statista. Retrieved May 02, 2024, from https://www.statista.com/statistics/1255356/australia-life-insurance-direct-premiums-value/
KPMG. "Value of life insurance direct premiums in Australia from financial year 2016 to 2023 (in billion Australian dollars)." Chart. October 9, 2023. Statista. Accessed May 02, 2024. https://www.statista.com/statistics/1255356/australia-life-insurance-direct-premiums-value/
KPMG. (2023). Value of life insurance direct premiums in Australia from financial year 2016 to 2023 (in billion Australian dollars). Statista. Statista Inc.. Accessed: May 02, 2024. https://www.statista.com/statistics/1255356/australia-life-insurance-direct-premiums-value/
KPMG. "Value of Life Insurance Direct Premiums in Australia from Financial Year 2016 to 2023 (in Billion Australian Dollars)." Statista, Statista Inc., 9 Oct 2023, https://www.statista.com/statistics/1255356/australia-life-insurance-direct-premiums-value/
KPMG, Value of life insurance direct premiums in Australia from financial year 2016 to 2023 (in billion Australian dollars) Statista, https://www.statista.com/statistics/1255356/australia-life-insurance-direct-premiums-value/ (last visited May 02, 2024)
Value of life insurance direct premiums in Australia from financial year 2016 to 2023 (in billion Australian dollars) [Graph], KPMG, October 9, 2023. [Online]. Available: https://www.statista.com/statistics/1255356/australia-life-insurance-direct-premiums-value/