In the financial year 2023, the value of claims of insurance risk products as a share of premiums in Australia was around 64.6 percent. In the previous fiscal year, the claims as a share of premiums was around 61.7 percent.
Claims of insurance risk products as a share of premiums in Australia from financial year 2016 to 2023
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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
- Premium Statistic Net loss ratio of direct large insurers in Australia 2021, by company
- Premium Statistic Value of foreign direct investment in finance and insurance in Australia 2017-2021
- Premium Statistic Insurance margin Australia 2017-2021
- Premium Statistic Assets of insurance companies in Australia 2002-2022
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 2024
- Premium Statistic Attitudes towards insurances in Australia 2024
- Premium Statistic Insurances taken out online by type in Australia 2024
- 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
16
- Non life insurance: number of claims paid in Albania Q1 2021, by insurance type
- Leading life insurance in Albania Q1 2021, by gross claims paid
- Value of non-life insurance gross claims paid in Poland 2012-2018
- Life insurance claims paid of Nordea Life Assurance 2018-2019
- Insurance benefits and claims in the United Kingdom and Europe 2004-2020
- Austrian insurance market: value of claims and benefits paid 2004-2020
- Portugal health insurance market: value of health claims paid out 2004-2019
- Spanish insurance market: value of motor claims paid out 2004-2020
- Malta insurance market: value of motor claims paid out 2004-2020
- European insurance market: value of motor claims paid in 2020, by country
- Croatian insurance market: value of property claims paid 2008-2020
- Slovakian insurance market: value of property claims paid 2004-2020
- Share of motor insurance claims paid in the UK 2016, by type of claim
- Number of residential property claims in Norway 2019, by insurance type
- Total number of SMS messages sent by DHS in Australia FY 2017-2019
- Consumer loyalty to Woolworths and Coles in Australia 2020
Further Content: You might find this interesting as well
Statistics
- Non life insurance: number of claims paid in Albania Q1 2021, by insurance type
- Leading life insurance in Albania Q1 2021, by gross claims paid
- Value of non-life insurance gross claims paid in Poland 2012-2018
- Life insurance claims paid of Nordea Life Assurance 2018-2019
- Insurance benefits and claims in the United Kingdom and Europe 2004-2020
- Austrian insurance market: value of claims and benefits paid 2004-2020
- Portugal health insurance market: value of health claims paid out 2004-2019
- Spanish insurance market: value of motor claims paid out 2004-2020
- Malta insurance market: value of motor claims paid out 2004-2020
- European insurance market: value of motor claims paid in 2020, by country
- Croatian insurance market: value of property claims paid 2008-2020
- Slovakian insurance market: value of property claims paid 2004-2020
- Share of motor insurance claims paid in the UK 2016, by type of claim
- Number of residential property claims in Norway 2019, by insurance type
- Total number of SMS messages sent by DHS in Australia FY 2017-2019
- Consumer loyalty to Woolworths and Coles in Australia 2020
KPMG. (October 9, 2023). Claims of insurance risk products as a share of premiums in Australia from financial year 2016 to 2023 [Graph]. In Statista. Retrieved May 25, 2024, from https://www.statista.com/statistics/1255422/australia-claims-of-insurance-risk-products-as-a-share-of-premiums/
KPMG. "Claims of insurance risk products as a share of premiums in Australia from financial year 2016 to 2023." Chart. October 9, 2023. Statista. Accessed May 25, 2024. https://www.statista.com/statistics/1255422/australia-claims-of-insurance-risk-products-as-a-share-of-premiums/
KPMG. (2023). Claims of insurance risk products as a share of premiums in Australia from financial year 2016 to 2023. Statista. Statista Inc.. Accessed: May 25, 2024. https://www.statista.com/statistics/1255422/australia-claims-of-insurance-risk-products-as-a-share-of-premiums/
KPMG. "Claims of Insurance Risk Products as a Share of Premiums in Australia from Financial Year 2016 to 2023." Statista, Statista Inc., 9 Oct 2023, https://www.statista.com/statistics/1255422/australia-claims-of-insurance-risk-products-as-a-share-of-premiums/
KPMG, Claims of insurance risk products as a share of premiums in Australia from financial year 2016 to 2023 Statista, https://www.statista.com/statistics/1255422/australia-claims-of-insurance-risk-products-as-a-share-of-premiums/ (last visited May 25, 2024)
Claims of insurance risk products as a share of premiums in Australia from financial year 2016 to 2023 [Graph], KPMG, October 9, 2023. [Online]. Available: https://www.statista.com/statistics/1255422/australia-claims-of-insurance-risk-products-as-a-share-of-premiums/