The Insurance Council of Australia is the representative body of the general insurance industry in Australia. Our members represent about 95 per cent of total premium income written by private sector general insurers. Insurance Council members, both insurers and reinsurers, are a significant part of the financial services system. December 2019 Australian Prudential Regulation Authority statistics show that the general insurance industry generates gross written premium of $50.2 billion per annum and has total assets of $129.7 billion. The industry employs about 60,000 people and on average pays out about $152.3 million in claims each working day.Insurance Council members provide insurance products ranging from those usually purchased by individuals (such as home and contents insurance, travel insurance, motor vehicle insurance) to those purchased by small businesses and larger organisations (such as product and public liability insurance, professional indemnity insurance, commercial property, and directors and officers insurance).

Website: insurancecouncil.com.au

Employees: 50 - 99

HQ: N/A

Location: Sydney, NSW, AU

Revenue: 5 - 10 Million

Are you looking for contact information for the Insurance Council of Australia? Look no further than ConnectPlex.ai! Our comprehensive database contains company information for millions of businesses worldwide, including the Insurance Council of Australia. With our easy-to-use platform, you can quickly and easily find the contact details of professionals working at the Insurance Council of Australia. Whether you're looking to get in touch with the CEO or a customer service representative, we've got you covered. At ConnectPlex.ai, we understand the importance of accurate and up-to-date contact information. That's why we're committed to providing the most reliable and efficient lead generation tools on the market. Our cutting-edge AI technology ensures that our data is always current and relevant, so you can be sure that you're getting the most effective leads possible. So why wait? Start your search for Insurance Council of Australia contact information today and see the difference that ConnectPlex.ai can make for your business!

The Insurance Council of Australia (ICA) is the leading representative body of the general insurance industry in Australia. With a membership base that accounts for approximately 95% of the industry's total premium income, the ICA plays a vital role in promoting the interests of insurers, reinsurers, and the broader financial services sector. Based in Sydney, the ICA has a diverse membership pool that includes both domestic and international insurance companies, as well as reinsurers and brokers. The ICA's primary objective is to promote a stable and sustainable insurance industry that supports the needs of Australian businesses and communities. To achieve this, the organization engages with government agencies, regulatory bodies, and other stakeholders to advocate for policies and regulations that foster a healthy insurance market. The ICA also provides a platform for its members to share knowledge, collaborate, and address common challenges facing the industry. In addition to its advocacy and representation roles, the ICA also provides valuable resources and services to its members. These include industry data and research, training and professional development programs, and access to networking events and conferences. The ICA's efforts have contributed significantly to the growth and development of the Australian insurance industry, which generates gross written premiums of $50.2 billion annually and employs over 60,000 people. The ICA's commitment to promoting a sustainable insurance industry is reflected in its focus on risk management and mitigation. The organization works closely with its members to identify and address emerging risks, such as climate change and cybersecurity threats. The ICA also supports initiatives that promote insurance literacy and financial inclusion, recognizing the importance of access to insurance for all Australians. In conclusion, the Insurance Council of Australia plays a vital role in promoting the interests of the general insurance industry in Australia. Through its advocacy, representation, and service offerings, the ICA supports a stable and sustainable insurance market that benefits both businesses and communities. As the industry continues to evolve, the ICA remains committed to addressing emerging challenges and promoting best practices that support the long-term growth and success of the insurance sector.

The Insurance Council of Australia represents the insurance industry in Australia. Most private sector general insurers in Australia are members of the Insurance Council, and they earn about 95% of the total premium income. Insurance Council members, including insurers and reinsurers, play a big role in the financial services system. According to statistics from December 2019, the general insurance industry generates $50.2 billion in gross written premium per year and has $129.7 billion in total assets. The industry employs around 60,000 people and pays out about $152.3 million in claims every working day. Insurance Council members offer various insurance products, such as home and contents insurance, travel insurance, motor vehicle insurance, product and public liability insurance, professional indemnity insurance, commercial property, and directors and officers insurance, which are purchased by individuals, small businesses, and larger organisations.