Many service providers characterize the global Insurance industry

Many service providers characterize the global Insurance industry. Competitors find it difficult to maintain customer loyalty for a long period because of the services provided by them is similar. In such an industry, there is the need to conduct a market feasibility study before investing more money. One method of examining the market is through examining its performance over the past periods. Focusing on the past changes in the market will help in projecting its future performance. One way of anticipating the future performance in the market by evaluating the past performance is by using the time series technique. This paper examines the performance of the Australian Insurance industry. The focus is to advise the Company that sells insurance to new car owners the anticipated changes in the market each month for two years between July 2017 and June 2019.

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