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CTP Green Slip Insurer Market Share

Market shares by insurer group and licensed insurer

After 1998, the number of licensed insurers dropped from 13 to five.

On 1 December 2020, Youi became the sixth CTP insurer in NSW.

Five insurance groups now hold green slip licences: QBE, NRMA Insurance, Suncorp, RMIH and Allianz:

  • Suncorp owns GIO and AAMI.
  • RMIH Group owns Youi.
  • Allianz owns CIC Allianz, which ceased offering CTP insurance after 15 January 2019.

Market share by insurer group

   June 2012 June 2013  June 2014   June 2015  June 2016 June 2017
June 2018
June 2019
June 2020 June 2021 June 2022 June 2023
NRMA  Insurance
 37.8% 35.3% 34.6% 34.0% 32.5% 31.0% 30.6% 30.9% 30.1% 29.8% 29.1% 29.0%
Suncorp (GIO & AAMI)  21.5% 21.8%  21.2%  23.8%  27.6% 24.5% 28.7% 24.1% 24.1% 24.2% 24.5% 23.8%
QBE 16.8% 19.9% 20.3% 21.0% 22.0% 25.0% 22.0% 24.9% 25.5% 24.4% 23.5% 23.7%
Allianz Group (Allianz & CIC)  16.8% 16.7%  16.7% 17.2%  17.9% 18.0% 18.8% 20.1% 20.3% 21.0% 20.8% 21.3%
Zurich*  7.1% 6.2%  7.2% 4.1% NA NA NA NA NA NA

NA

NA

Youi
NA NA NA NA NA NA NA NA NA 1%

2.5%

3.0%

*Zurich ceased offering greenslips after 1 March 2016.

Market share by licensed insurer – until June 2018

  June 2007 June 2008 June 2009 June 2010 June 2011 June 2012 June 2013 June 2014 June 2015 June 2016
AAMI 15.1% 14.7% 12.5%  10.1%  9.0%  8.8% 21.8% 7.8% 10.6%  8.8%
Allianz 15.7% 15.6% 14.4%  13.4%  12.9% 12.6% 16.7% 12.0% 12.0% 12.2%
GIO 8.3% 8.1% 8.8%  10.7%  12.2%  12.7% Inc with AAMI 13.5% 13.2%  18.8%
QBE 10.6% 12.2% 13.6%  17.5%   16.7%   16.8% 19.9% 21.2% 21.0%  22.0%
NRMA Insurance 35.6% 35.8% 37.3%  36.7%  37.8%  37.8% 35.3% 34.8% 34.0%  32.5%
CIC Allianz 7.8% 6.8% 6.2%  4.9%  4.4%  4.2%  Inc with Allianz 4.4% 5.2%  5.7%
Zurich 6.9% 6.8% 7.2%  6.7%  7.0%  7.1% 6.2% 6.3% 4.1%  NA
  June 2017
June 2018
AAMI 7.5% 26.0%
Allianz 12.0% 18.8%
GIO 17.0% Now inc with AAMI
QBE 25.0% 22.0%
NRMA Insurance 31.0% 30.6%
Youi
NA NA
CIC Allianz*
6.0% Now inc with Allianz

*CIC Allianz ceased offering CTP insurance after 15 January 2019.

Market shares are shown on the basis of premiums written by each insurer. Total premiums collected annually (excluding Fund Levy and GST) are around $3 billion. 

Sources

  • Years up to 2013 – Motor Accidents Authority Annual Reports
  • 2014 – Motor Accidents Authority, Annual Report 2013-2014, Scheme Performance Report
  • 2014 to 2019 – SIRA CTP/Green Slip Scheme Quarterly Reports/Insights
  • SIRA 2017 CTP Scheme Performance Report to 30 June 2023.

Insurers - more info

Comprehensive insurance >

The difference between CTP and comprehensive insurance. read more

AAMI >

Contact details to help you purchase AAMI green slips. read more

Allianz >

Contact details to help you purchase Allianz greenslips. read more

GIO >

Contact details to help you purchase GIO greenslips. read more

NRMA Insurance >

Contact details to help you purchase NRMA Insurance greenslips. read more

QBE >

Contact details to help you purchase a QBE greenslip. read more

Youi >

Contact details to help you purchase Youi greenslips. read more

Insurer details >

Contact details for each of the CTP insurers in NSW. read more

Insurer claims performance >

What to expect from insurers if you make a NSW CTP claim read more