As of March 31, 2025, **** percent of the population in Western Australia had private health insurance that covered general treatment. At the same time, around **** percent of the entire Australian population had some form of general treatment cover.

Australia Health Insurance: Population Covered Ratio: General Treatment data was reported at 54.900 % in Dec 2024. This stayed constant from the previous number of 54.900 % for Sep 2024. Australia Health Insurance: Population Covered Ratio: General Treatment data is updated quarterly, averaging 54.300 % from Jun 2007 (Median) to Dec 2024, with 71 observations. The data reached an all-time high of 55.800 % in Jun 2015 and a record low of 45.600 % in Dec 2010. Australia Health Insurance: Population Covered Ratio: General Treatment data remains active status in CEIC and is reported by Australian Prudential Regulation Authority. The data is categorized under Global Database’s Australia – Table AU.RG007: Health Insurance: Population Covered Ratio.

As of March 31 2025, approximately **** percent of the population in Western Australia had private health insurance that covered hospital treatment. At the same time, around **** percent of the entire Australian population were insured for hospital treatment.

Australia Health Insurance: Population Covered Ratio: Hospital Treatment data was reported at 45.200 % in Dec 2024. This stayed constant from the previous number of 45.200 % for Sep 2024. Australia Health Insurance: Population Covered Ratio: Hospital Treatment data is updated quarterly, averaging 45.100 % from Jun 2007 (Median) to Dec 2024, with 71 observations. The data reached an all-time high of 47.400 % in Jun 2015 and a record low of 43.700 % in Jun 2020. Australia Health Insurance: Population Covered Ratio: Hospital Treatment data remains active status in CEIC and is reported by Australian Prudential Regulation Authority. The data is categorized under Global Database’s Australia – Table AU.RG007: Health Insurance: Population Covered Ratio.

As of June 2024, approximately ** percent of the population in Australia had private health insurance hospital treatment coverage. The share of Australians with private health insurance has decreased since the introduction of the country's publicly funded universal health care insurance scheme in 1975.

Market Size for Australia Health Insurance Industry on the Basis of Premium Amount in USD Billion, 2018–2024 In 2023, Medibank introduced new policies to shift more resources toward mental health coverage and wellness benefits, reflecting increased consumer demand for holistic healthcare solutions. Major urban centres like Sydney, Melbourne, and Brisbane have, until now, represented the biggest markets. It is due to their high population density and more significant health infrastructure. The Australia health insurance market was valued at AUD 25 billion in 2023, growing upwards on account of increasing healthcare costs, rising awareness related to health insurance, and supportive government policies like the Private Health Insurance Rebate. The major players in the market include Medibank, Bupa, nib, HCF, and Australian Unity. They dominate the segment due to their differentiated coverage plans at competitive premiums and extensive provider networks.

The Health Insurance industry is facing an identity crisis. While membership and revenue growth signal a healthy market, cracks are beginning to show as private hospital negotiations break down at a higher frequency and the Federal Government shines a light on premium pricing practices. Revenue is expected to climb at an annualised 0.5% over the five years through 2024-25 to an estimated $32.8 billion. Insurers are sidestepping caps on premium price hikes by introducing new policies. Also, strong equity and debt returns are bringing in more revenue from investment channels. Investment recovery and a surge in healthcare premium revenue in recent years have driven industry revenue success, including an expected 2.6% jump in 2024-25. The escalating cost of living, particularly among those aged 25 to 30, continues to be a major source of pressure on health insurers. Insurers have relied on the ageing population, inbound internationals and corporate packages as demographics to pick up insurance. The government has also acknowledged the broader economic pressures felt by consumers, finding the premium price hike submissions of the current year unjustified, with the Health Minister repeatedly rejecting them. Claims expenses have been rising more rapidly, but regulators have identified record profitability and policyholder numbers as supporting factors in the Health Insurance industry. The government's lifetime health cover loading initiative has heavily incentivised middle-aged Australians to purchase health insurance, offsetting policy lapses and rejuvenating activity. Over the next few years, premiums will climb slowly to cover swelling costs while alleviating pressure on policyholders. Revenue is forecast to edge upwards at an annualised 1.1% through 2029-30 to an estimated $34.7 billion. More frequent benefit payments will escalate management expenses, leading insurers to have a stronger case for more premium hikes. However, the Federal Government will continue adjusting health insurance regulations to prevent practices like phoenixing, making them more straightforward and affordable for consumers. These changes will also aim to promote the uptake of health insurance among younger demographics to relieve the pressure on profitability.

The Australian life and non-life insurance market, valued at $51.38 billion in 2025, is projected to experience robust growth, with a Compound Annual Growth Rate (CAGR) of 4.56% from 2025 to 2033. This positive outlook is driven by several factors. Increased awareness of the need for financial protection against unforeseen circumstances like health issues and natural disasters is fueling demand for both life and non-life insurance products. A growing, aging population also contributes significantly to market expansion, as older demographics tend to have greater insurance needs. Furthermore, technological advancements, such as digital distribution channels and personalized insurance solutions, are enhancing customer experience and driving market penetration. Competitive landscape is shaped by both domestic giants like Insurance Australia Group Limited and Suncorp Group, along with international players such as Zurich and AIA Group Limited, fostering innovation and wider product offerings. Regulatory changes aimed at improving consumer protection and transparency further contribute to market stability and growth. However, certain challenges persist. Economic downturns can impact consumer spending, potentially reducing insurance purchases. The increasing prevalence of cyber threats and data breaches present significant risks to insurers, demanding substantial investments in cybersecurity infrastructure and robust risk management strategies. Additionally, maintaining competitive pricing while ensuring profitability in a dynamic market with fluctuating claims rates and reinsurance costs requires skillful risk assessment and management. Successfully navigating these challenges will be crucial for sustained growth and profitability within the Australian insurance sector. The market’s segmentation, while not fully detailed in the provided data, likely encompasses various product categories (e.g., health, auto, home, life) and distribution channels (e.g., online, brokers, direct sales), each with its own growth trajectory. Key drivers for this market are: Guaranteed Protection Drives The Market. Potential restraints include: Guaranteed Protection Drives The Market. Notable trends are: Motor Vehicle and Household Insurance has the Largest Shares.

As of September 2021, just over *********** males in New South Wales had private health insurance that covered general treatment. At the same time, around **** percent of the entire Australian population had some form of general private health insurance.

Australia Life And Non-Life Insurance Market size was valued at USD 49.14 Billion in 2024 and is projected to reach USD 70.20 Billion by 2032, growing at a CAGR of 4.56% from 2026 to 2032.

Australia Life And Non-Life Insurance Market Dynamics

The key market dynamics that are shaping the Australia life and non-life insurance market include:

Key Market Drivers

Aging Population: Australia's population is rapidly aging, with forecasts predicting that by 2041, almost 22% of Australians would be 65 or older (Australian Institute of Health and Welfare, 2023). As older people seek financial stability, there is a surge in demand for life insurance and retirement planning services.

Increasing Awareness of Health Risks: As the prevalence of lifestyle-related health conditions rises, people are looking for comprehensive health and life insurance. According to the Australian Institute of Health and Welfare, more than 67% of Australian adults are overweight or obese (2022)

The Australian life and non-life insurance market, valued at $51.38 billion in 2025, is projected to experience robust growth, driven by factors such as a rising aging population necessitating increased healthcare and retirement planning, rising disposable incomes fueling demand for higher coverage, and increasing government initiatives promoting financial inclusion and insurance penetration. The market's Compound Annual Growth Rate (CAGR) of 4.56% from 2025 to 2033 suggests a steady expansion, with significant opportunities for both established players and new entrants. Growth will likely be fueled by the life insurance segment, particularly individual life insurance policies, reflecting increasing awareness of financial security needs. The non-life segment will see growth driven by motor and health insurance, correlating with Australia's rising vehicle ownership and increased focus on preventative healthcare. However, challenges remain, including increasing regulatory scrutiny, intensifying competition, and the need to adapt to evolving consumer preferences for digitalized insurance products and services. The distribution channels are likely to see a shift toward digital platforms alongside traditional methods, as consumers become more comfortable managing their insurance needs online. The competitive landscape is characterized by a mix of established multinational corporations and domestic players. Major companies like Insurance Australia Group Limited, Suncorp Group, and AIA Group Limited dominate the market, but smaller niche players also carve out significant market segments. The market's segmentation by insurance type (life and non-life) and distribution channels (direct, brokers, banks, others) provides insights into the specific areas of opportunity and challenge. Future growth will depend on insurers' ability to innovate, adapt to technological advancements, and effectively address evolving customer expectations for personalized, affordable, and transparent insurance solutions. Expansion into underserved rural areas and providing culturally sensitive products to diverse communities will also be important factors in shaping the market's future trajectory. Recent developments include: February 2023: Insurance Australia Group Limited (IAG), Australia's largest general insurer, invested in Myriota, a global pioneer in low-cost and low-power satellite connectivity for the Internet of Things (IoT). This aim was to explore how IoT devices can help insurance customers manage risk and safeguard their assets., September 2022: The world's first online marketplace for mergers and acquisitions (M&A) insurance for small and mid-sized businesses (SMEs) transactions was opened for business in Australia. Named io. Insure insurance industry veterans created this online M&A insurance marketplace as a part of POP Holdings group, a conglomerate for specialist, data, and technology-enabled insurance solutions that work with major insurers like Allianz and Zurich.. Key drivers for this market are: Guaranteed Protection Drives The Market. Potential restraints include: Guaranteed Protection Drives The Market. Notable trends are: Motor Vehicle and Household Insurance has the Largest Shares.

The Insurance Brokerage industry has capitalised on rising insurance premiums. Severe natural disaster events like floods and bushfires have compelled insurers to spike premiums and incentivised consumers to avoid risks and seek out insurance brokers. Industry revenue is expected to grow at an annualised 6.0% over the five years through 2024-25 to $23.2 billion. This trend includes anticipated growth of 5.8% in the current year. Brokers have branched out with service offerings that are increasingly multi-faceted, expanding their risk consulting, advisory and insurance support services to maintain their share of insurance distribution. Some brokers have focused on more profitable markets like commercial clients, where the risk coverage is more complicated. As malicious parties grow more sophisticated, the lucrative cybersecurity market has become a primary concern for most companies, with data security and storage now paramount. This shift will continue as insurers' competition in the retail market intensifies. While sales volumes have remained high for now, the threat of underinsurance is creeping up on insurers as costs mount. Online comparison websites have posed a problem for brokers, with consumers becoming more well-versed in making policy decisions. Brokers have faced intensifying competition from insurers, banks and insurtech start-ups. Insurers are ramping up investment in online sales platforms and new sales channels, like bancassurance, to minimise expenses and reduce reliance on agents and brokers. These trends, alongside rampant upstream reinsurance costs, are priced in, with insurer premiums climbing and brokers' upfront and trailing commissions being structured to ensure profit margin gains. Industry revenue is forecast to rise at an annualised 1.8% through the end of 2029-30 to $25.5 billion. Higher premiums and demand for insurance-related services, coupled with an ageing population, will support revenue growth. However, industry brokers will face fierce competition from insurers selling directly to consumers and competing insurtech start-ups' growing popularity. Long-term pressures from expensive reinsurance could also pose a risk to sales volumes. Cost pressures that downstream commercial and retail clients face could reach a breaking point, with many opting out of risk coverage to minimise the ever-rising brokerage and insurance expenses. Brokers are set to consolidate over the long term to reduce administration costs, combine revenue streams, improve operating efficiencies and support profit margins.

This dataset presents the footprint of the percentage of adults who reported they were covered by private health insurance in the preceding 12 months, by Primary Health Network (PHN) area. The data spans the years of 2015-2016 and is aggregated to 2015 Department of Health Primary Health Network (PHN) areas, based on the 2011 Australian Statistical Geography Standard (ASGS).

The data is sourced from the Australian Bureau of Statistics (ABS) 2016-17 Patient Experience Survey, collected between 1 July 2016 and 30 June 2017. It also includes data from previous Patient Experience Surveys conducted in 2013-14, 2014-15 and 2015-16. The Patient Experience Survey is conducted annually by the ABS and collects information from a representative sample of the Australian population. The Patient Experience Survey is one of several components of the Multipurpose Household Survey, as a supplement to the monthly Labour Force Survey. The Patient Experience Survey collects data on persons aged 15 years and over, who are referred to as adults for this data collection.

For further information about this dataset, visit the data source:Australian Institute of Health and Welfare - Patient experiences in Australia Data Tables.

Please note:

• AURIN has spatially enabled the original data using the Department of Health - PHN Areas.

• Percentages are calculated based on counts that have been randomly adjusted by the ABS to avoid the release of confidential data.

• As an indication of the accuracy of estimates, 95% confidence intervals were produced. These were calculated by the ABS using standard error estimates of the proportion.

• Some of the patient experience measures for 2016-17 have age-standardised rates presented. Age-standardised rates are hypothetical rates that would have been observed if the populations studied had the same age distribution as the standard population.

• Crude rates are provided for all years. They should be used for understanding the patterns of actual service use or level of experience in a particular PHN.

• The Patient Experience Survey excludes persons aged less than 15 years, persons living in non-private dwellings and the Indigenous Community Strata (encompassing discrete Aboriginal and Torres Strait Islander communities).

• Data for Northern Territory should be interpreted with caution as the Patient Experience Survey excluded the Indigenous Community Strata, which comprises around 25% of the estimated resident population of the Northern Territory living in private dwellings.

• NP - Not available for publication. The estimate is considered to be unreliable. Values assigned to NP in the original data have been set to null.

As of September 2021, just under **** million females in New South Wales had private health insurance that covered general treatment. At the same time, around **** percent of the entire Australian population had some form of general private health insurance.

This dataset, released April 2017, contains the estimated number of people, aged 18 years and over, with private health insurance hospital cover, 2014-15. The data is by Population Health Area (PHA) …Show full descriptionThis dataset, released April 2017, contains the estimated number of people, aged 18 years and over, with private health insurance hospital cover, 2014-15. The data is by Population Health Area (PHA) 2016 geographic boundaries based on the 2016 Australian Statistical Geography Standard (ASGS). Population Health Areas, developed by PHIDU, are comprised of a combination of whole SA2s and multiple (aggregates of) SA2s, where the SA2 is an area in the ABS structure. For more information please see the data source notes on the data. Source: Estimates for Population Health Areas (PHAs) are modelled estimates and were produced by the ABS; estimates at the LGA and PHN level were derived from the PHA estimates. Please note: AURIN has spatially enabled the original data. "*" - Indicates statistically significant, at the 95% confidence level. "**" - Indicates statistically significant, at the 99% confidence level. "~" - Indicates modelled estimates have Relative Root Mean Square Errors (RRMSEs) from 0.25 to 0.50 and should be used with caution. "~~" - Indicates modelled estimates have RRMSEs greater than 0.50 but less than 1 and are considered too unreliable for general use. '?' - Indicates modelled estimates are considered too unreliable. Blank cell - Indicates data was not shown/not applicable/not published/not available for the specific area ('#', '..', '^', 'np, 'n.a.', 'n.y.a.' in original PHIDU data). Abbreviation Information: "ASR per #" - Indirectly age-standardised rate per specified population. "SR" - Indirectly age-standardised ratio. "95% C.I" - upper and lower 95% confidence intervals. Copyright attribution: Torrens University Australia - Public Health Information Development Unit, (2018): ; accessed from AURIN on 12/3/2020. Licence type: Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Australia (CC BY-NC-SA 3.0 AU)

As of September 2021, just over **** million males in New South Wales had private health insurance that covered hospital treatment. At the same time, around **** percent of the entire Australian population were insured for hospital treatment.

This dataset, released April 2017, contains the estimated number of people, aged 18 years and over, with private health insurance hospital cover, 2014-15. The data is by Population Health Area (PHA) 2016 geographic boundaries based on the 2016 Australian Statistical Geography Standard (ASGS).

Population Health Areas, developed by PHIDU, are comprised of a combination of whole SA2s and multiple (aggregates of) SA2s, where the SA2 is an area in the ABS structure.

For more information please see the data source notes on the data.

Source: Estimates for Population Health Areas (PHAs) are modelled estimates and were produced by the ABS;estimates at the LGA and PHN level were derived from the PHA estimates.

AURIN has spatially enabled the original data. Data that was not shown/not applicable/not published/not available for the specific area ('#', '..', '^', 'np, 'n.a.', 'n.y.a.' in original PHIDU data) was removed.It has been replaced by by Blank cells. For other keys and abbreviations refer to PHIDU Keys.

健康保险：人口覆盖率：一般治疗在12-01-2024达54.900%，相较于09-01-2024的54.900%保持不变。健康保险：人口覆盖率：一般治疗数据按季更新，06-01-2007至12-01-2024期间平均值为54.300%，共71份观测结果。该数据的历史最高值出现于06-01-2015，达55.800%，而历史最低值则出现于12-01-2010，为45.600%。CEIC提供的健康保险：人口覆盖率：一般治疗数据处于定期更新的状态，数据来源于Australian Prudential Regulation Authority，数据归类于全球数据库的澳大利亚 – Table AU.RG007: Health Insurance: Population Covered Ratio。

GlobalData, the industry analysis specialist, has released its latest report: “CountryFocus: Healthcare, Regulatory and Reimbursement Landscape – Australia”. The report is an essential source of information on and analysis of the healthcare, regulatory and reimbursement landscape in Australia. It identifies the key trends in the country’s healthcare market and provides insights into its demographic, regulatory, and reimbursement landscape and healthcare infrastructure. Most importantly, the report provides valuable insights into the trends and segmentation of its pharmaceutical and medical device markets. It uses data and information sourced from proprietary databases, secondary research, and in-house analysis by GlobalData’s team of industry experts. The population of Australia in 2015 was 23.86 million, having grown at a CAGR of 2% from 2008. Medicare is Australia’s public health insurance scheme, and provides free or subsidized healthcare services to the Australian population. The government is attempting to reduce the barriers to manufacturing drugs and encourage exports through the introduction of various new policies. In 2015, the government spent $22.03 billion on R&D on medical and health science and exported $3.53 billion of pharmaceutical products. The pharmaceutical market in Australia was worth $22.30 billion in 2015 and is projected to reach $25.20 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 2%. The medical device market was valued at $8.85 billion in 2015 and is projected to grow at a CAGR of 0.1% to $11.44 billion by 2020. These positive growth trends can be primarily attributed to: An increasingly elderly population Universal health coverage Government initiatives Read More

As of September 2021, over 1.94 million females in New South Wales had private health insurance that covered hospital treatment. At the same time, around 44.7 percent of the entire Australian population were insured for hospital treatment.