Australia : Insurance Core Principles—Detailed Assessment of Observance

Author/Editor:

International Monetary Fund

Publication Date:

November 21, 2012

Electronic Access:

Free Full text (PDF file size is 1338 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The insurance industry in Australia has weathered the global financial crisis well and was resilient to the catastrophic events in 2010/11. The insurance industry is mature but relatively small compared to the banking sector. Assets held by insurers represented only about 8 percent of the financial system total assets as at end-2011. Since 2007, the insurance market has been consolidating steadily as the total number of players fell from 190 to 172 although branches of foreign-owned general insurers rose from 36 to 43. The industry was comprised of 24 life insurers, 108 general insurers, 19 reinsurers, 7 captive general insurers and 14 friendly societies as at end-June 2011.

Series:

Country Report No. 12/312

Subject:

English

Publication Date:

November 21, 2012

ISBN/ISSN:

9781589069794/1934-7685

Stock No:

1AUSEA2012006

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

137

Please address any questions about this title to publications@imf.org