Data insight, Data story, Life, Life and Health, Market report

Australia’s life insurance industry to bounce back to positive growth in 2025: GlobalData

Market saw a 24.4% decline in 2024, which analytics company attributes to introduction of IFRS 17.

Ralph Martinez

July 21, 2025

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3 min read

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.