Insurance business written by class of insurance — Net written in Australia
Australia: Insurance business written by class of insurance — Net written was 562.13 Euro in 2024. ▲ Rising
Insurance business written by class of insurance — Net written in Australia, 1992–2024
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
In 2024, insurance business written by class of insurance — net written in Australia stood at 562.13 Euro.
That represents a change of up 21.2% on the previous year and up 1.7% over ten years.
Over the whole period, insurance business written by class of insurance — net written in Australia peaked at 608.45 Euro in 2012 and was at its lowest, 93.62 Euro, in 1992.
Australia ranks 22nd of 40 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Insurance business written by class of insurance — Net written in Australia, year by year
| Year | Euro | Change |
|---|---|---|
| 1992 | 93.62 Euro | — |
| 2009 | 428.59 Euro | +357.8% |
| 2011 | 550.26 Euro | +28.4% |
| 2012 | 608.45 Euro | +10.6% |
| 2013 | 596.78 Euro | -1.9% |
| 2014 | 553 Euro | -7.3% |
| 2015 | 538.98 Euro | -2.5% |
| 2016 | 494.28 Euro | -8.3% |
| 2017 | 472.2 Euro | -4.5% |
| 2018 | 437.18 Euro | -7.4% |
| 2019 | 432.82 Euro | -1.0% |
| 2020 | 405.39 Euro | -6.3% |
| 2021 | 427.13 Euro | +5.4% |
| 2022 | 460.01 Euro | +7.7% |
| 2023 | 463.94 Euro | +0.9% |
| 2024 | 562.13 Euro | +21.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 93.62 Euro | 93.62 Euro | 93.62 Euro | 1 |
| 2000s | 428.59 Euro | 428.59 Euro | 428.59 Euro | 1 |
| 2010s | 520.44 Euro | 432.82 Euro | 608.45 Euro | 9 |
| 2020s | 463.72 Euro | 405.39 Euro | 562.13 Euro | 5 |
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)
- Total reserves minus gold (current US$), annual growth rate 14.07 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.0345 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 2,249 current US$ per person (2025)
- General government final consumption expenditure (current US$) 7 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.2315 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 15,077 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 8.39 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.3577 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is insurance business written by class of insurance — net written in Australia?
- Insurance business written by class of insurance — net written in Australia was 562.13 Euro in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — net written recorded in Australia?
- The highest recorded value was 608.45 Euro in 2012.
- What is the lowest insurance business written by class of insurance — net written recorded in Australia?
- The lowest recorded value was 93.62 Euro in 1992.
- How does Australia rank for insurance business written by class of insurance — net written?
- Australia ranks 22nd out of 40 countries with data for 2024.
- Is insurance business written by class of insurance — net written rising or falling in Australia?
- Over the last ten years it is up 1.7%. 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 — Net 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.