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The evolution of the Australian life insurance industry

Author

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  • Monica 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.

Suggested Citation

  • Monica Keneley, 2001. "The evolution of the Australian life insurance industry," Accounting History Review, Taylor & Francis Journals, vol. 11(2), pages 145-170.
    • Handle: RePEc:taf:acbsfi:v:11:y:2001:i:2:p:145-170
    DOI: 10.1080/09585200122306
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    References listed on IDEAS

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    1. David T LLEWELLYN & Mark J HOLMES, 1991. "In Defence Of Mutuality: A Redress To An Emerging Conventional Wisdom," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 62(3), pages 319-354, July.
    2. Dianne Thomson & Malcolm Abbott, 1998. "The life and death of the Australian permanent building societies," Accounting History Review, Taylor & Francis Journals, vol. 8(1), pages 73-103.
    3. Owen Covick, 1996. "Demutualisation, Privatisation, And National Saving," Economic Papers, The Economic Society of Australia, vol. 15(4), pages 1-13, December.
    4. Kevin Davis, 1997. "Financial Restructuring In Australia," Economic Papers, The Economic Society of Australia, vol. 16(2), pages 1-18, June.
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    Cited by:

    1. Lars Fredrik Andersson & Liselotte Eriksson, 2013. "Compulsory public pension and the demand for life insurance: the case of Sweden," Working Papers 13030, Economic History Society.
    2. Lars-Fredrik Andersson & Liselotte Eriksson, 2015. "The compulsory public pension and the demand for life insurance: the case of Sweden, 1884–1914," Economic History Review, Economic History Society, vol. 68(1), pages 244-263, February.
    3. Malcolm Anderson, 2002. "Accounting History publications 2001," Accounting History Review, Taylor & Francis Journals, vol. 12(3), pages 505-512.
    4. Magnus Lindmark & Lars-Fredrik Andersson & Mike Adams, 2006. "The Evolution and Development of the Swedish Insurance Market," Accounting History Review, Taylor & Francis Journals, vol. 16(3), pages 341-370.

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