European Parliament Library

Australia :, Insurance Core Principles—Detailed Assessment of Observance

Abstract
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
Table Of Contents
Cover; Contents; Glossary; A; C; D; E; F; G; I; L; M; N; O; P; R; S; T; U; Executive Summary; I. Assessment of Insurance Core Principles; A. Introduction and Scope; B. Information and Methodology Used for Assessment; C. Overview-Institutional and Macro Prudential Setting; Tables; 1. Insurance Industry's Share of Total Financial Sector Assets; 2. Insurance Penetration and Density as at 30 June 2011; 3. Trend in Insurance Market Structure; 4. Ownership Structure as at 30 June 2011; 5. Major Lines of Life Insurance Business; 6. Major Lines of General Insurance Business
Language
eng
Literary Form
non fiction
Note
"November 2012" -- verso of t. p
Physical Description
1 online resource (139 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475525939

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