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Publication Date:
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November 21, 2012
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Electronic Access:
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Free Full text
(PDF file size is 1,338KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
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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.
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Order a print copy
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Series:
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Country Report No. 12/312
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Subject(s):
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Insurance | Insurance regulations | Insurance supervision | Reports on the Observance of Standards and Codes | Financial Sector Assessment Program | Australia
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English
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Publication Date:
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November 21, 2012
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ISBN/ISSN:
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9781589069794/2227-8907
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Format:
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Paper
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Stock No:
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1AUSEA2012006
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Pages:
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137
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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