Who is biggest insurance provider in Australia by market share and premium is Insurance Australia Group IAG, followed by Suncorp and QBE, according to APRA and industry data. IAG is biggest general insurer with brands NRMA, CGU, SGIO, SGIC, WFI and RACV in Victoria, holding about 30% of general insurance market, with gross written premium $13B to $14B per year, covering home, car and business. Suncorp is second largest with brands AAMI, GIO, Apia, Shannons and Vero, holding about 25% market share, premium $10B to $11B. QBE is third largest with about 10% share, premium $5B, focusing on business and home. For health insurance, biggest is Bupa with 27% market share, Medibank 26%, HCF 12%. For life insurance, biggest is TAL with 27% share, AIA 19%, Zurich 13%. For overall insurance including all types, IAG is biggest general insurer, Bupa biggest health insurer, TAL biggest life insurer. So biggest insurance provider in Australia is Insurance Australia Group IAG for general insurance with 30% market share and brands NRMA and CGU, while Bupa biggest for health and TAL for life, with IAG considered biggest overall general insurer in Australia.
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