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CTP Green Slip Insurer Market Share

Market shares by insurer group and by licensed insurer

Since 1998, the number of licensed insurers has dropped from 13 to five. From 1 December 2020, Youi will be the sixth CTP insurer in NSW.

These licenses are held by five insurance groups. Suncorp owns GIO and AAMI. Allianz also owns CIC Allianz, which ceased offering CTP insurance from 15 January 2019. RMIH Group owns Youi.

Market share by insurer group

   June 2012 June 2013  June 2014   June 2015  June 2016 June 2017
June 2018
June 2019
Dec 2019
NRMA   37.8% 35.3% 34.6% 34.0% 32.5% 31.0% 31.0% 30.9% 30.5%
Suncorp (GIO and AAMI)  21.5% 21.8%  21.2%  23.8%  27.6% 24.5% 26.0% 24.1% 24.0%
QBE 16.8% 19.9% 20.3% 21.0% 22.0% 25.0% 24.0% 24.9% 25.1%
Allianz Group (Allianz and CIC Allianz*)  16.8% 16.7%  16.7% 17.2%  17.9% 18.0% 19.0% 20.1% 21.0%
Zurich*  7.1% 6.2%  7.2% 4.1%  0 0 0 0 0

* Zurich ceased offering greenslips after 1 March 2016. CIC Allianz ceased offering CTP insurance from 15 January 2019.

Market share by licensed insurer

  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
June 2019
Dec 2019
NRMA  35.3% 34.8% 34.0%  32.5% 31.0% 31.0% 30.9% 30.5%
Allianz 16.7% 12.0% 12.0% 12.2% 12.0% 19.0% 20.1% 21.0%
QBE 19.9% 21.2% 21.0%  22.0% 25.0% 24.0% 24.9% 25.1%
AAMI 21.8% 7.8% 10.6%  8.8% 7.5% 26.0% 7.7% 24.0%
GIO Inc with AAMI 13.5% 13.2%  18.8% 17.0% inc with AAMI 16.4% inc with AAMI
Zurich* 6.2% 6.3% 4.1%  0 0 0 0 0
CIC Allianz   Inc with Allianz 4.4% 5.2%  5.7% 6.0% inc with Allianz inc with Allianz 0

* Zurich ceased offering 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.

Total premiums collected annually (excluding Fund Levy and GST) are around $2 billion.

Information for Youi will become available several months after its 1 December 2020 entry into the NSW CTP market.

Sources of data

  • Years up to 2013 – Motor Accidents Authority Annual Reports
  • 2014 – Motor Accidents Authority, Annual Report 2013-2014, Scheme Performance Report, page 44
  • 2014 to 2019 – SIRA CTP/Green Slip Scheme Quarterly Reports/Insights; Finity Consulting, d’finitive, June 2020.

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

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