Analysis and insights on the Australian life insurance market on financial results up to 31 March 2018.
Analysis and insights on the Australian life insurance market to 31 March 2018.
Life insurance is an important sector of the Australian financial services industry, accounting for $24.7 billion in gross premiums in the 12 months ending 31 March 2018, making it 1.4 percent of Gross Domestic Product, generating $2.2 billion in profit for shareholders and $14.8 billion of benefit payments for policyholders and superannuation fund members.
KPMG’s Life Insurance Insights Report 2018 and dashboard provides analysis and insights based on financial results up to 31 March 2018 for the Australian life insurance market. The report also includes KPMG’s views on the key challenges and opportunities facing Australian life insurers. We reflect on the implications of these current and emerging themes, which may require Australia’s life insurers to significantly adapt the way they do business.
Key challenges and opportunities
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