Market shares by insurer group and by licensed insurer
Since 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 hold green slip licenses: QBE, NRMA, Suncorp, RMIH and Allianz:
- Suncorp owns GIO and AAMI.
- RMIH Group owns Youi.
- Allianz also 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 |
Dec 2019 |
Dec 2020 | |
| NRMA | 37.8% | 35.3% | 34.6% | 34.0% | 32.5% | 31.0% | 31.0% | 30.9% | 30.5% | 30.5% |
| Suncorp (GIO and AAMI) | 21.5% | 21.8% | 21.2% | 23.8% | 27.6% | 24.5% | 26.0% | 24.1% | 24.0% | 24.0% |
| QBE | 16.8% | 19.9% | 20.3% | 21.0% | 22.0% | 25.0% | 24.0% | 24.9% | 25.1% | 25.0% |
| Allianz Group (Allianz and CIC Allianz*) | 16.8% | 16.7% | 16.7% | 17.2% | 17.9% | 18.0% | 19.0% | 20.1% | 21.0% | 20.5% |
| Zurich* | 7.1% | 6.2% | 7.2% | 4.1% | 0 | 0 | 0 | 0 | 0 | 0 |
* Zurich ceased offering greenslips after 1 March 2016. CIC Allianz ceased offering CTP insurance after 15 January 2019.
Market share by licensed insurer
| June 2007 | June 2008 | June 2009 | June 2010 | June 2011 | June 2012 | June 2013 | June 2014 | June 2015 | June 2016 | |
| NRMA | 35.6% | 35.8% | 37.3% | 36.7% | 37.8% | 37.8% | 35.3% | 34.8% | 34.0% | 32.5% |
| Allianz | 15.7% | 15.6% | 14.4% | 13.4% | 12.9% | 12.6% | 16.7% | 12.0% | 12.0% | 12.2% |
| QBE | 10.6% | 12.2% | 13.6% | 17.5% | 16.7% | 16.8% | 19.9% | 21.2% | 21.0% | 22.0% |
| AAMI | 15.1% | 14.7% | 12.5% | 10.1% | 9.0% | 8.8% | 21.8% | 7.8% | 10.6% | 8.8% |
| GIO | 8.3% | 8.1% | 8.8% | 10.7% | 12.2% | 12.7% | Inc with AAMI | 13.5% | 13.2% | 18.8% |
| Zurich* | 6.9% | 6.8% | 7.2% | 6.7% | 7.0% | 7.1% | 6.2% | 6.3% | 4.1% | 0 |
| CIC Allianz* |
7.8% | 6.8% | 6.2% | 4.9% | 4.4% | 4.2% | Inc with Allianz | 4.4% | 5.2% | 5.7% |
| June 2017 |
June 2018 |
June 2019 |
Dec 2019 |
Dec 2020 |
|
| NRMA | 31.0% | 31.0% | 30.9% | 30.5% | 30.5% |
| Allianz | 12.0% | 19.0% | 20.1% | 21.0% | 20.5% |
| QBE | 25.0% | 24.0% | 24.9% | 25.1% | 25.0% |
| AAMI | 7.5% | 26.0% | 7.7% | 24.0% | 24.0% |
| GIO | 17.0% | inc with AAMI | 16.4% | inc with AAMI | inc with AAMI |
| Zurich* | 0 | 0 | 0 | 0 | 0 |
| CIC Allianz | 6.0% | inc with Allianz | inc with Allianz | 0 | 0 |
* Zurich ceased offering greenslips after 1 March 2016. CIC Allianz ceased offering CTP insurance after 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 $2.8 billion.
- Information for Youi should be available at least 12 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
- 2014 to 2019 – SIRA CTP/Green Slip Scheme Quarterly Reports/Insights
- SIRA Annual Reports 2019-20, 2020-21
- Finity Consulting, d’finitive, April 2021.