What is Insurance Statistics Australia?
Insurance Statistics Australia (ISA) was established in 1988 by a group of Australian insurance companies wanting to produce management information of relevance to the pricing and profitability of selected classes of insurance business.
How old is the average car in Australia?
That's equivalent to 92.5% of households that have a car, or 1.8 cars per household. An additional 915,658 brand new passenger vehicles and sports utility vehicles were bought last year (2017). The average age of an Australian car is 9.9 years old. 92% of Australians drive. We stay with our insurer for an average of 4.7 years. How old are our cars?
How is the data presented in the Lloyd’s Australian insurance industry report?
The data is presented for long tail, short tail, other direct classes and reinsurance. Statistics on Lloyd’s Australian operations are not included in this publication. The highlights provide an overall view of industry performance and insights into observed trends.