Households drive market demand, with household spending representing 85.6% of total demand in 2023. Suncorp Group Ltd is the largest company in Australia, generating 9.2% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 32.8% of total production value in 2023. The total number of companies increases in 2023, to 108,821 units. The costs of the industry increase by 2.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 11.0% of turnover in 2023, the 13th highest across the top 20 developed countries. With turnover of USD46.5 billion, Australia accounts for 86.3% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Insurance and Pension Funding in Australia: ISIC 66. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Insurance and Pension Funding in Australia: ISIC 66 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of insurance and pension funding, monetary intermediation.
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