The evolution of the Australian life insurance industry

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The evolution of the Australian life insurance industry

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Monica Keneley

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Monica Jan Keneley

Abstract

The life insurance industry in Australia has traditionally been an important source of long term finance for both the public and private sector. However, very little historical analysis has been undertaken into an industry that constitutes a fundamental part of the economy's financial sector. The present climate of deregulation has initiated an irrevocable process of change within the industry. To comprehend the full implications of this change it is necessary to have an understanding of how the industry has evolved. This paper seeks to provide a background account of the growth of the life insurance industry in Australia highlighting the influences that have determined the structure of the industry.

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Article provided by Taylor and Francis Journals in its journal Accounting, Business and Financial History.

Volume (Year): 11 (2001)
Issue (Month): 2 (July)
Pages: 145-170
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Handle: RePEc:taf:acbsfi:v:11:y:2001:i:2:p:145-170

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Taylor, Ryland A, 1971. "The Credit Union as a Cooperative Institution," Review of Social Economy, Taylor and Francis Journals, vol. 29(2), pages 207-17, September.
Dianne Thomson, Malcolm Abbott, 1998. "The life and death of the Australian permanent building societies," Accounting, Business and Financial History, Taylor and Francis Journals, vol. 8(1), pages 73-103, March. [Downloadable!] (restricted)

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Monica Keneley, 2003. "Control of the Australian life insurance industry: An example of regulatory externalities within the Australian financial sector 1870-1945," Economics Series 2003_09, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
Malcolm Anderson, 2002. "Accounting History publications 2001," Accounting, Business and Financial History, Taylor and Francis Journals, vol. 12(3), pages 505-512, November. [Downloadable!] (restricted)
Magnus Lindmark & Lars-Fredrik Andersson & Mike Adams, 2006. "The Evolution and Development of the Swedish Insurance Market," Accounting, Business and Financial History, Taylor and Francis Journals, vol. 16(3), pages 341-370, November. [Downloadable!] (restricted)
Monica Keneley, 2007. "Supervising Outworkers: The Case of the AMP and the Sale of Industrial Life Insurance 1905-1940," Economics Series 2007_10, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
Monica Keneley, 2006. "The Evolution of Solvency and Disclosure Standards in the Australian Life Insurance Industry," Economics Series 2006_18, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]

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