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The below table represents trends existing in contents insurance available within Australia. The Contents Insurance series are derived by indexing the original data, provided by Insurance Statistics Australia, to the September quarter 2001. The indexed series is then smoothed by applying a moving average technique.

How to use this table

The numbers in the series do not represent dollar values or frequencies. They represent the percentage change in the index numbers between two consecutive or distant quarters. This provides an indication of the underlying trend change in premiums, claims frequency, claims size and cost per policy.

The value of each series is indexed to the September quarter 2001. This means that the September quarter 2001 value is assigned an index number of 100 and subsequent values of the series are assigned index numbers that show the percentage change in the series from the September quarter level.

The indexed series is then smoothed using a moving average technique, to remove short term volatility in the underlying series, making it easier to identify the underlying trend.

For example, if the average smoothed indexed premium at the Sept-10 quarter is 153.5 and the average smoothed indexed premium at the Sept-11 quarter is 158.9, premiums between the two distant quarters have risen by 3.5 per cent.

Formula:(158.9 -153.5/ 153.5) x 100 = 3.5

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Home Contents Insurance (National)

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Quarter Av premium Av claim size (qtr) Claim freq (qtr) Cost per policy (qtr)
Sep-2001 99.8 98.9 115.5 113.9
Dec-2001 100.8 96.3 123.6 118.0
Mar-2002 102.5 93.3 127.8 118.1
Jun-2002 104.7 96.4 116.0 110.1
Sep-2002 106.9 106.0 105.6 112.0
Dec-2002 108.7 111.6 111.2 125.0
Mar-2003 110.2 104.5 120.6 126.3
Jun-2003 111.7 94.3 119.3 113.8
Sep-2003 113.4 87.8 122.3 108.0
Dec-2003 115.2 86.9 128.7 111.7
Mar-2004 117.1 86.5 125.5 108.3
Jun-2004 118.7 84.5 111.2 93.3
Sep-2004 119.8 86.4 104.4 90.0
Dec-2004 120.3 88.7 111.8 99.9
Mar-2005 120.9 89.2 114.6 102.6
Jun-2005 121.4 91.4 103.4 94.3
Sep-2005 122.1 95.7 99.5 95.6
Dec-2005 122.9 100.8 105.5 107.0
Mar-2006 123.6 107.6 106.0 113.2
Jun-2006 124.0 112.5 93.0 103.7
Sep-2006 124.4 110.8 84.2 92.3
Dec-2006 125.0 106.4 93.2 98.5
Mar-2007 125.8 112.2 103.7 116.1
Jun-2007 126.7 121.7 102.8 123.7
Sep-2007 127.7 131.0 99.9 129.4
Dec-2007 128.9 130.3 101.6 131.9
Mar-2008 129.5 125.3 100.4 126.5
Jun-2008 129.1 116.9 94.6 111.6
Sep-2008 129.1 124.6 91.3 114.0
Dec-2008 131.5 146.4 96.3 140.9
Mar-2009 135.4 163.3 97.6 158.9
Jun-2009 139.1 156.2 86.8 138.3
Sep-2009 140.9 137.7 84.1 116.6
Dec-2009 142.0 126.9 98.2 123.7
Mar-2010 143.5 130.3 108.0 139.8
Jun-2010 145.3 126.5 99.4 122.8
Sep-2010 147.0 135.6 95.0 132.1
Dec-2010 148.7 158.7 104.7 177.2
Mar-2011 149.8 176.2 112.6 207.5
Jun-2011 150.8 173.3 99.4 179.9
Sep-2011 152.2 161.0 82.5 135.6
Dec-2011 154.2 154.7 81.5 125.1
Mar-2012 156.8 154.9 88.2 138.5
Jun-2012 159.6 151.7 80.1 122.7
Sep-2012 162.3 155.5 77.3 121.6
Dec-2012 165.3 165.8 83.2 140.6
Mar-2013 168.2 174.0 85.4 151.1
Jun-2013 170.8 171.7 75.4 131.4
Sep-2013 172.7 171.8 64.2 110.6
Dec-2013 173.7 175.3 62.3 109.0
Mar-2014 174.3 173.0 64.8 112.5
Jun-2014 174.4 166.2 61.9 103.5
Sep-2014 174.4 166.0 63.2 105.6
Dec-2014 174.5 172.1 77.3 135.1
Mar-2015 174.0 184.6 90.6 167.4
Jun-2015 172.7 199.3 89.2 174.6
Sep-2015 171.0 212.8 78.8 164.8
Dec-2015 169.6 217.6 71.7 155.7
Mar-2016 168.8 213.9 71.2 152.8
Jun-2016 168.3 211.4 71.4 151.3
Sep-2016 168.2 214.0 67.7 145.0
  • Source of underlying data: Insurance Statistics Australia.
  • Original data has been indexed to the September quarter 2001 and trended using a 7 term Henderson moving average.
  • The data does not include State or Commonwealth Government taxes and charges.
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