Insurance business written by class of insurance — Gross written in Australia
Australia: Insurance business written by class of insurance — Gross written was 751.69 Euro in 2023. ▲ Rising
Insurance business written by class of insurance — Gross written in Australia, 1992–2023
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
Australia recorded 751.69 Euro for insurance business written by class of insurance — gross written in 2023.
That represents a change of down 2.6% on the previous year and down 8.8% over ten years.
Over the whole period, insurance business written by class of insurance — gross written in Australia peaked at 845.39 Euro in 2012 and was at its lowest, 107.81 Euro, in 1992.
Australia ranks 25th of 44 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Insurance business written by class of insurance — Gross written in Australia, year by year
| Year | Euro | Change |
|---|---|---|
| 1992 | 107.81 Euro | — |
| 2009 | 580.71 Euro | +438.6% |
| 2011 | 768.98 Euro | +32.4% |
| 2012 | 845.39 Euro | +9.9% |
| 2013 | 824.29 Euro | -2.5% |
| 2014 | 762.66 Euro | -7.5% |
| 2015 | 765.14 Euro | +0.3% |
| 2016 | 714.56 Euro | -6.6% |
| 2017 | 692.69 Euro | -3.1% |
| 2018 | 636.47 Euro | -8.1% |
| 2019 | 634.64 Euro | -0.3% |
| 2020 | 630.08 Euro | -0.7% |
| 2021 | 701.42 Euro | +11.3% |
| 2022 | 771.73 Euro | +10.0% |
| 2023 | 751.69 Euro | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 107.81 Euro | 107.81 Euro | 107.81 Euro | 1 |
| 2000s | 580.71 Euro | 580.71 Euro | 580.71 Euro | 1 |
| 2010s | 738.31 Euro | 634.64 Euro | 845.39 Euro | 9 |
| 2020s | 713.73 Euro | 630.08 Euro | 771.73 Euro | 4 |
Countries ranked near Australia
More economy & growth data for Australia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.26 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -4.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0025 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -164.69 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 36.52 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.02 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0203 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,323 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.24 % change on previous year (2025)
Frequently asked questions
- What is insurance business written by class of insurance — gross written in Australia?
- Insurance business written by class of insurance — gross written in Australia was 751.69 Euro in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — gross written recorded in Australia?
- The highest recorded value was 845.39 Euro in 2012.
- What is the lowest insurance business written by class of insurance — gross written recorded in Australia?
- The lowest recorded value was 107.81 Euro in 1992.
- How does Australia rank for insurance business written by class of insurance — gross written?
- Australia ranks 25th out of 44 countries with data for 2023.
- Is insurance business written by class of insurance — gross written rising or falling in Australia?
- Over the last ten years it is down 8.8%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Insurance business written by class of insurance — Gross written premiums. Statizoid updates them automatically from the source API.
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About this data
This dataset covers the breakdown of premiums by insurance class for life and non-life insurance.