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Current Insurers

CTP Green Slip Insurer Market Share

While there are six licensed insurers in NSW, those licenses are held by four insurance groups.

Suncorp owns GIO and AAMI. Allianz also owns CIC Allianz.

Distribution of market share on the basis of insurer group is set out in the table below.

June 2012June 2013 June 2014 June 2015 June 2016
NRMA 37.8%35.3% 34.6%
34.0%
32.5%
Suncorp (GIO & AAMI) 21.5%21.8% 21.2%
23.8% 27.6%
QBE 16.8%
19.9%20.3%
21.0%
22.0%
Allianz Group (Allianz & CIC Allianz) 16.8%16.7% 16.7%17.2%
17.9%
Zurich* 7.1%6.2% 7.2%4.1%
0

* Zurich ceased offering CTP greenslips from 1 March 2016.

Distribution of market share for each of the six licensed insurers until June 2016 is set out in the tables below.

June 2007June 2008June 2009June 2010June 2011June 2012
NRMA 35.6% 35.8%37.3% 36.7% 37.8% 37.8%
Allianz 15.7% 15.6%14.4% 13.4% 12.9%12.6%
QBE 10.6%12.2%13.6% 17.5% 16.7% 16.8%
AAMI 15.1% 14.7%12.5% 10.1% 9.0% 8.8%
GIO 8.3% 8.1%8.8% 10.7% 12.2% 12.7%
Zurich* 6.9% 6.8%7.2% 6.7% 7.0% 7.1%
CIC Allianz 7.8% 6.8%6.2% 4.9% 4.4% 4.2%

 

June 2013June 2014June 2015June 2016
NRMA 35.3% 34.8%34.0% 32.5%
Allianz 16.7% 12.0%12.0% 12.2%
QBE 19.9%21.2%21.0% 22.0%
AAMI 21.8%
7.8%10.6% 8.8%
GIO Inc with AAMI
13.5%13.2% 18.8%
Zurich* 6.2%
6.3%4.1% 0
CIC Allianz Inc with Allianz
4.4%5.2% 5.7%

* Zurich ceased offering CTP greenslips from 1 March 2016

Market share is shown on the basis of premiums written by each insurer.

The total premium collected (excluding MCIS levy and GST) during the full year to 31 December 2016 was $2.51 billion. This was 11.1% more than $2.26 billion in the previous year.

Sources of data

  • Years up to 2013 - Motor Accidents Authority Annual Reports
  • 2014 market shares by insurer group - Motor Accidents Authority, Annual Report 2013-2014, Scheme Performance Report, page 44
  • 2014 to 2016 - SIRA CTP Scheme Quarterly Reports.