The 5 largest insurance companies in Australia

1. QBE Insurance Group Limited

Market cap: $21.06 billion
Business line: General insurance, reinsurance
Headquarters: Sydney, NSW

2. Suncorp Group Limited

Market cap: $15.03 billion

Business line: General insuranceHeadquarters: Brisbane, QLD

3. Insurance Australia Group Limited (IAG)

Market cap: $11 billion
Business line: General insurance, reinsurance
Headquarters: Sydney, NSW

4. Medibank Private Limited

Market cap: $8.95 billion
Business line: Private health insurance
Headquarters: Melbourne, VIC

5. Steadfast Group Limited

Market cap: $5.93 billion
Business line: General insurance
Headquarters: Sydney, NSW