Insurance business written by class of insurance — Premiums ceded in Australia
Australia: Insurance business written by class of insurance — Premiums ceded was 287.75 Euro in 2023. ▲ Rising
Insurance business written by class of insurance — Premiums ceded in Australia, 1992–2023
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
In 2023, insurance business written by class of insurance — premiums ceded in Australia stood at 287.75 Euro.
The figure is down 7.7% on the previous year and up 26.5% over ten years.
Over the whole period, insurance business written by class of insurance — premiums ceded in Australia peaked at 311.72 Euro in 2022 and was at its lowest, 14.19 Euro, in 1992.
Australia ranks 13th of 40 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 — Premiums ceded in Australia, year by year
| Year | Euro | Change |
|---|---|---|
| 1992 | 14.19 Euro | — |
| 2009 | 152.12 Euro | +972.3% |
| 2011 | 218.72 Euro | +43.8% |
| 2012 | 236.93 Euro | +8.3% |
| 2013 | 227.52 Euro | -4.0% |
| 2014 | 209.66 Euro | -7.8% |
| 2015 | 226.16 Euro | +7.9% |
| 2016 | 220.28 Euro | -2.6% |
| 2017 | 220.49 Euro | +0.1% |
| 2018 | 199.29 Euro | -9.6% |
| 2019 | 201.2 Euro | +1.0% |
| 2020 | 224.69 Euro | +11.7% |
| 2021 | 274.28 Euro | +22.1% |
| 2022 | 311.72 Euro | +13.6% |
| 2023 | 287.75 Euro | -7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.19 Euro | 14.19 Euro | 14.19 Euro | 1 |
| 2000s | 152.12 Euro | 152.12 Euro | 152.12 Euro | 1 |
| 2010s | 217.81 Euro | 199.29 Euro | 236.93 Euro | 9 |
| 2020s | 274.61 Euro | 224.69 Euro | 311.72 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)
- Final consumption expenditure (constant 2015 US$), per capita 48,817 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 3.99 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 0.9946 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 64,781 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 5.34 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 1.54 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 100,093 current LCU per person (2025)
- Exports of goods and services (current US$), annual growth rate -3.36 % change on previous year (2025)
Frequently asked questions
- What is insurance business written by class of insurance — premiums ceded in Australia?
- Insurance business written by class of insurance — premiums ceded in Australia was 287.75 Euro in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — premiums ceded recorded in Australia?
- The highest recorded value was 311.72 Euro in 2022.
- What is the lowest insurance business written by class of insurance — premiums ceded recorded in Australia?
- The lowest recorded value was 14.19 Euro in 1992.
- How does Australia rank for insurance business written by class of insurance — premiums ceded?
- Australia ranks 13th out of 40 countries with data for 2023.
- Is insurance business written by class of insurance — premiums ceded rising or falling in Australia?
- Over the last ten years it is up 26.5%. 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 — Premiums ceded. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
This dataset covers the breakdown of premiums by insurance class for life and non-life insurance.