Investor Presentaiton
MARKET DYNAMICS
The Australian life insurance market has experienced significant
consolidation over the past 5 years
Globalisation of the Australian Life Insurance Market
Inforce premium by manufacturer 1,2
AUD bn, as at 30 Jun 2017
IFA
Group
Direct
Bank Direct
Bank Advice
2017
Inforce premium by manufacturer 1,2
AUD bn, as at 30 Jun 2021
IFA
Group
Direct
Bank Direct
Bank Advice
2021
•
•
4.6.
1.5
3.2
2.8
1.2
2.4
0.7
2.3
1.9
1.9
1.8
0.6
1.7
1.6
2.5
1.7
1.4
0.9
1.7
1.3
0.4
0.8
1.1
1.6
1.3
0.8
0.9
0.9
1.7
0.3
0.7
0.7
0.7
1.1
0.6
0.4
0.3
0.5
0.6
0.6
0.6
0.6
0.5
0.4
0.4
TAL
0.5
0.3
0.3
AIA
MLC AMP ONE COM
WBC
SUN
ZUR
MET
TAL
ΑΙΑ
ZUR
MLC
AMP
WBC
MET
Competitive landscape was made up of Banks being vertically
integrated with life insurance offerings.
TAL's inforce premium was $2.8bn (2017)
1NMG Consulting
2Excludes smaller providers
8
TAL Presentation
In 2021, the top four life insurers (all foreign owned) now control 71%
(76% post TAL's acquisition of Westpac Life) of the market.
•
TAL's inforce premium is $4.6bn (2021)
TALView entire presentation