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There are xx employees in the Life Insurance industry in Australia, which is expected to decline at xx% over the next five years. Insurers provide life insurance cover and investment-linked life insurance products. Life insurance is a contract obligating the insurer to pay designated beneficiaries a sum of money in the event of the insured individual’s death, disablement, serious illness or injury. As with all insurance contracts, exclusions exist that may limit the insurer’s liability.
Curious about what drives these trends? IBISWorld's Life Insurance in Australia industry coverage has got you covered.
Total value (#) and annual change from 2012 – 2030.
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There is 19,473 people employed in the Life Insurance in Australia as of 2026.
The number of people employed in the Life Insurance in Australia grew 2.5% on average over the five years between 2021 and 2026.
See our full analysis of the Life Insurance in Australia to understand if the industry employment is expected to grow or decline over the next five years.
The average Life Insurance in Australia business is 885.1 employees.
The average business in the Life Insurance in Australia now employs more workers than it did five years ago.
The revenue per employee for the average business in the Life Insurance in Australia has decreased in the last five years.