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Comparethemarket.com.au was launched in Australia in 2012, six years after the launch of comparethemarket.com in the United Kingdom. [5] Using the comparethemarket.com.au service, Australian customers can compare a number of products based on price, features, and more. These products include health insurance, [6] car insurance, [7] and energy. [8]
The Australian insurance market is dominated by major players Suncorp Group, Insurance Australia Group (IAG) and QBE Insurance. Suncorp shares slumped 21.3% and IAG fell 4.1%, while QBE dropped as ...
Youi was founded in 2008 by its parent company OUTsurance, making it the first African company to set up an insurance firm in Australia. OUTsurance is also a Rand Merchant Investment Holdings subsidiary, a South African investment holding company. [5] In 2014, OUTsurance launched Youi New Zealand as the subsidiary of Youi Australia. [5]
nib Group (nib, formerly Newcastle Industrial Benefits) is an Australian health care fund. It was established in 1952 to provide health insurance for workers at the BHP Newcastle Steelworks, and has since grown into a national and international operation. [1] As of 2017, nib held an 8.3% share of the Australian private health cover market. [2]
Australia's insurance market can be divided into roughly three components: life insurance, general insurance and health insurance.These markets are fairly distinct, with most larger insurers focusing on only one type, although in recent times several of these companies have broadened their scope into more general financial services, and have faced competition from banks and subsidiaries of ...
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