Market shares by insurer group and by licensed insurer
While there are five licensed insurers in NSW, those licenses are held by four insurance groups.
Suncorp owns GIO and AAMI. Allianz also owns CIC Allianz, which ceased offering CTP from 15 January 2019.
Market share by insurer group
| June 2012 | June 2013 | June 2014 | June 2015 | June 2016 | June 2017 |
June 2018 |
|
| NRMA | 37.8% | 35.3% | 34.6% | 34.0% | 32.5% | 31.0% | 31.0% |
| Suncorp (GIO and AAMI) | 21.5% | 21.8% | 21.2% | 23.8% | 27.6% | 24.5% | 26.0% |
| QBE | 16.8% | 19.9% | 20.3% | 21.0% | 22.0% | 25.0% | 24.0% |
| Allianz Group (Allianz and CIC Allianz*) | 16.8% | 16.7% | 16.7% | 17.2% | 17.9% | 18.0% | 19.0% |
| Zurich* | 7.1% | 6.2% | 7.2% | 4.1% | 0 | 0 | 0 |
* Zurich ceased offering CTP greenslips after 1 March 2016. CIC Allianz ceased offering CTP insurance from 15 January 2019.
Market share by licensed insurer until June 2018
| June 2007 | June 2008 | June 2009 | June 2010 | June 2011 | June 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 2013 | June 2014 | June 2015 | June 2016 | June 2017 |
June 2018 |
|
| NRMA | 35.3% | 34.8% | 34.0% | 32.5% | 31.0% | 31.0% |
| Allianz | 16.7% | 12.0% | 12.0% | 12.2% | 12.0% | 19.0% |
| QBE | 19.9% | 21.2% | 21.0% | 22.0% | 25.0% | 24.0% |
| AAMI | 21.8% | 7.8% | 10.6% | 8.8% | 7.5% | 26.0% |
| GIO | Inc with AAMI | 13.5% | 13.2% | 18.8% | 17.0% | inc with AAMI |
| Zurich* | 6.2% | 6.3% | 4.1% | 0 | 0 | 0 |
| CIC Allianz | Inc with Allianz | 4.4% | 5.2% | 5.7% | 6.0% | inc with Allianz |
* Zurich ceased offering CTP greenslips after 1 March 2016. CIC Allianz ceased offering CTP insurance from 15 January 2019.
Market share is shown on the basis of premiums written by each insurer.
The total premium collected (excluding MCIS levy and GST) year ending June 2018 was $2.3 billion.
Sources of data
- Years up to 2013 – Motor Accidents Authority Annual Reports
- 2014 to 2018 – SIRA CTP/Green Slip Scheme Quarterly Reports/Insights
- 2014 Market share by insurer group – Motor Accidents Authority, Annual Report 2013-2014, Scheme Performance Report, page 44.
Reviewed and updated 17 January 2019.