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Industry Statistics

Educate. Inform.

This week I met up with some clients who are general insurance brokers. As an aid for them to assist in referring business I give them some laminated flyers on Key Person etc. And this year I gave them a copy of the claims stats. Their comment – “this is good stuff”
Rob Jason  |  Aon Hewitt

This section is dedicated to providing you with what we see as useful stats to assist you better engage and educate your clients and consumers in general about life insurance and the financial risks we all face in our daily lives.
Industry stats can be an invaluable tool when delivering advice to sometimes-'cynical' clients (consumers) and informing mainstream media. We had been publishing the annual industry claims paid stats since 2006 until 2016 (please see our note below). The Risk Store is the original and still the only place to compile and publish these important figures. The industry claims paid statistics are by calendar year.

Claims Stats
The industry claims paid statistics are no longer collected and published by The Risk Store. After 11 years and publishing our final stats in 2017 (for the previous 2016 calendar year), we were forced into making a commercial decision to cease work on these reports.
We are very proud of the fact The Risk Store was the first and only business (to date) to initiate the gathering and publishing of these informative, consumer friendly and meaningful statistics. Keenly sought out and used by many people to inform and educate the general public of the massive role life insurance plays in paying claims to ordinary Australians every working day.
We still have claims paid stats available from 2006 through to 2016 in this Industry Stats section.

 

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33 of 33 items available to download
2006 Claims Paid Statistics By Product Type
A consumer friendly designed document. Claims (in dollar and number) paid by product type incorporating Death, TPD, Trauma inc Child Trauma, IP inc BEX. Also features the average working day amount too.
VIEW PDF
2007 Claims Paid Statistics By Product Type
A consumer friendly designed document. Claims (in dollar and number) paid by product type incorporating Death, TPD, Trauma inc Child Trauma, IP inc BEX. Also features the average working day amount too.
VIEW PDF
2008 Claims Paid Statistics By Product Type
A consumer friendly designed document. Claims (in dollar and number) paid by product type incorporating Death, TPD, Trauma inc Child Trauma, IP inc BEX. Also features the average working day amount too.
VIEW PDF
2009 Claims Paid Statistics By Product Type
A consumer friendly designed document. Claims (in dollar and number) paid by product type incorporating Death, TPD, Trauma inc Child Trauma, IP inc BEX. Also features the average working day amount too.
VIEW PDF
2010 Claims Paid Statistics By Product Type
A consumer friendly designed document. Claims (in dollar and number) paid by product type incorporating Death, TPD, Trauma inc Child Trauma, IP inc BEX. Also features the average working day amount too.
VIEW PDF
2011 Claims Paid Statistics By Product Type
A consumer friendly designed document. Claims (in dollar and number) paid by product type incorporating Death, TPD, Trauma inc Child Trauma, IP inc BEX. Also features the average working day amount and the top three leading causes by product type too.
VIEW PDF
2012 Claims Paid Statistics By Product Type
A consumer friendly designed document. Claims (in dollar and number) paid by product type incorporating Death, TPD, Trauma inc Child Trauma, IP inc BEX. Also features the average working day amount and the top three leading causes by product type too.
VIEW PDF
2013 Claims Paid Statistics By Product Type
A consumer friendly designed document. Claims (in dollar and number) paid by product type incorporating Death, TPD, Trauma inc Child Trauma, IP inc BEX. Also features the average working day amount and the top three leading causes by product type too.
VIEW PDF
2014 Claims Paid Statistics By Product Type
A consumer friendly designed document. Claims (in dollar and number) paid by product type incorporating Death, TPD, Trauma inc Child Trauma, IP inc BEX. Also features the average working day amount and the top three leading causes by product type too.
VIEW PDF
2015 Claims Paid Statistics By Product Type
A consumer friendly designed document. Claims (in dollar and number) paid by product type incorporating Death, TPD, Trauma inc Child Trauma, IP inc BEX. Also features the average working day amount and the top three leading causes by product type too.
VIEW PDF
2016 Claims Paid Statistics By Product Type
A consumer friendly designed document. Claims (in dollar and number) paid by product type incorporating Death, TPD, Trauma inc Child Trauma, IP inc BEX. Now featuring largest amount paid, youngest and oldest claimants, average working day amount paid and the top three leading causes by product type too.
VIEW PDF
2017 Claims Paid Statistics By Product Type
These stats are no longer collected and published by The Risk Store. After 11 years and publishing our final stats in 2017 (for the previous 2016 calendar year), we were forced into making a commercial decision to cease work on these reports. We still have claims paid stats available from 2006 through to 2016 via our Industry Stats section on this website.
VIEW PDF
2018 Claims Paid Statistics By Product Type
These stats are no longer collected and published by The Risk Store. After 11 years and publishing our final stats in 2017 (for the previous 2016 calendar year), we were forced into making a commercial decision to cease work on these reports. We still have claims paid stats available from 2006 through to 2016 via our Industry Stats section on this website.
VIEW PDF
A Picture of Overweight and Obesity in Australia
Overweight and obesity is a major public health issue in Australia. This report, published by the Australian Institute of Health and Welfare (AIHW) in 2017, brings together a variety of information to create a picture of overweight and obesity in Australia.
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ABS 2011-2012 Australian Health Survey Report
The Australian Bureau of Statistics (ABS) studies the health of Australians regularly and it has been interesting to watch the changes over the last few surveys. Here is the latest summary of findings (the full report is too long to publish!) for 2011-2012, released in June 2013. The full report's segments can be viewed here. http://bit.ly/2f3hW8z
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All Cancers in Australia 2016
This report contains: Estimated number of new cancer cases diagnosed in 2016; Estimated number of deaths from cancer in 2016; Chance of surviving at least 5 years; People living with cancer at the end of 2010, plus how common, trends of incidence and mortality and prevalence.
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Australia’s $3.1 Trillion Underinsurance Crisis
CommInsure very kindly provided this report of their commissioned survey into underinsurance in Australia for viewing and download. These findings are based on an online study conducted by Newspoll for CommInsure during November 2011. 1,220 adults aged 18-64 were surveyed nationally.
VIEW PDF
Blood Cancer Statistics
Blood cancer accounts for around 10% of all cancers diagnosed each year in Australia. On average, an Australian child under the age of 14 is diagnosed with blood cancer every 36 hours. The average length of treatment time for boys is 2 years and for girls it is 3 years. A single page fact sheet incorporating an easy-to-digest graphic to emphasise your risk protection message to clients.
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Blood Cancers In Children Fact Sheet
On average, an Australian child under the age of 14 is diagnosed with blood cancer every 36 hours. Leukaemias are the most common cancers in children, while lymphoma is the third most common childhood cancer.
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Cancer Council Cost of Cancer To Patients Paper 2017
The escalating financial cost of cancer to patients and their families is emerging as a global phenomenon. Despite diversely funded healthcare systems internationally, cancer causes substantial financial burden to individuals in many different countries, including the USA, Canada and Ireland. Australia is no exception.
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Cancer Risk
This report covers risk; deaths; survival rates and prevalence (number of cases) in Australia.
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Costs of Cancer Treatments
This is a letter requested by an adviser, from the pharmacy department of a major cancer clinic in Melbourne, which details a number of chemotherapy drugs which are NOT supported by the Pharmaceutical Benefits Scheme. This may be useful for you in awakening your clients' awareness of the real costs of a critical illness.
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Death Among Adults Aged 65-74
Leading causes of death among adults aged 65–74, 2010–2012.
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Deaths Among Adults Aged 25–44
Leading causes of death among adults aged 25–44, 2010–2012.
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Deaths Among Adults Aged 45–64
Leading causes of death among adults aged 45–64, 2010–2012.
VIEW PDF
Deaths Among Children Aged 1–14
Death rates among children aged 1–14, by sex, 1997–2012.
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Deaths Among Young People Aged 15–24
Leading causes of death among young people aged 15–24, 2010–2012.
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Key Trends In Australia’s Underinsurance Crisis
CommInsure very kindly provided this report of their commissioned survey into underinsurance in Australia for viewing and download. These findings are based on an online study conducted by Newspoll for CommInsure during November 2011. 1,220 adults aged 18-64 were surveyed nationally.
VIEW PDF
Lifetime Costs Of Medical Trauma
Want to demonstrate to your, sometimes cynical, clients the need for trauma cover to be part of their overall financial protection plan but need some assistance in presenting the real facts of the cost of medical treatment? Here is a single page quick read of research conducted by AMP in Australia on these key trauma costs.
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Male Cancer Claims Report
Cancer is the leading cause of claim under critical illness insurances in Australia. Results from the GenRe Australian Critical Illness Claims Survey 2008 indicate a worsening trend in male cancer claim rates, having risen 3.1% a year between 2001 and 2005. This survey collected data from nine major providers of critical illness insurance products in Australia, representing approximately two-thirds of the whole retail or individual lump sum risk insurance market.
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Mental Illness and TPD - Take Home Messages
Short 1-pager of take home messages by Dr Nick Glozier (Independent Psychiatric Consultant). Dr Nick is one of Australia's most highly qualified psychiatric consultants to industry and government and has an international reputation in the field of mental health and work related disability. Some very useful bullet points to absorb.
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Mental Illness Stats 2013 – Try These On For Size!
We are always being asked for more statistics to assist members with client education and engagement. Well the statistics on likelihood of return to work after mental illness absence are startling at best and daunting at worst. These stats may help you to explain to a loaded or excluded client what ‘population risk’ the insurer needs to be heeding.
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The Cost Of Care Whitepaper by Zurich
This study, commissioned by Zurich Life Australia, examines the incidence – and cost burden – of ill health in Australia. By drawing on aggregate health data, and individual case studies, the Cost of Care whitepaper serves to give financial advisers and their clients a clearer picture of the direct and indirect cost impacts to them and their families in the event of serious injury or illness. In doing so, the study aims to give a greater understanding of the healthcare, social security and insurance ecosystem, in turn allowing more informed decision making about the most appropriate mechanisms to protect one’s financial wellbeing.
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