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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 have been publishing the annual industry claims paid stats since 2006. 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.

We hope you find it useful and we welcome any suggestions for additions
Let us know by using the 'Contact Us' link to the foot of this webpage.

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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
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
VIEW PDF
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.
VIEW PDF
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.
VIEW PDF
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.
VIEW PDF
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.
VIEW PDF

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