Non-Life Insurance in New Zealand, Key Trends and Opportunities to 2018 is a new market research publication announced by Reportstack. Non-life insurance was the largest segment in the insurance industry during the review period (2009–2013) and accounted for 52.3% of the total gross written premium generated in 2013. The non-life segment’s gross written premium increased at a compound annual growth rate (CAGR) of 7.8% in 2013. Property insurance was the largest non-life insurance category, and accounted for 41.8% of the segment’s gross written premium value in 2013.
Scope
This report provides a comprehensive analysis of the non-life insurance segment in New Zealand:
• It provides historical values for New Zealand’s non-life insurance segment for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key categiories in New Zealand’s non-life insurance segment, along with market forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for non-life insurance products in New Zealand.
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in New Zealand for the non-life insurance segment.
• It provides a detailed analysis of the reinsurance segment in New Zealand and its growth prospects.
• It profiles the top non-life insurance companies in New Zealand and outlines the key regulations affecting them.
Reasons to Buy
• Make strategic business decisions using in depth historic and forecast market data related to New Zealand non-life insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within New Zealand non-life insurance segment
• Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing New Zealand insurance industry and its impact on companies and the segment's future
Key Highlights
• New Zealand occupied 11th place in terms of GDP at current prices among countries in the Asia-Pacific region in 2013.
• Non-life insurance was the largest segment in the insurance industry during the review period (2009–2013) and accounted for 52.3% of the total gross written premium generated in 2013.
• The penetration level of non-life insurance in New Zealand was 2.49% in 2013, which is higher than many countries in the same region such as Australia, which recorded 1.98% in 2013.
• New IPSA standards requiring companies to maintain higher catastrophe risk capital charges and a minimum capital requirement pose a challenge for small and medium-sized insurers.
• The affordability of reinsurance has become a concern for the insurance industry, and has resulted in the exit of some insurers.
• E-commerce was the fastest-growing distribution channel during the review period, with a CAGR of 11.5%. The rise in internet use is expected to drive demand for non-life insurance over the forecast period.
Companies Mentioned
IAG New Zealand Ltd Vero Insurance New Zealand Ltd AMI Insurance Ltd Lumley General Insurance (NZ) Ltd Tower (NZ) Ltd FMG Insurance Ltd AIG Insurance New Zealand Ltd Allianz New ?Zealand Ltd Medical Assurance Society New Zealand Ltd ACE Insurance Ltd
Scope
This report provides a comprehensive analysis of the non-life insurance segment in New Zealand:
• It provides historical values for New Zealand’s non-life insurance segment for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key categiories in New Zealand’s non-life insurance segment, along with market forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for non-life insurance products in New Zealand.
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in New Zealand for the non-life insurance segment.
• It provides a detailed analysis of the reinsurance segment in New Zealand and its growth prospects.
• It profiles the top non-life insurance companies in New Zealand and outlines the key regulations affecting them.
Reasons to Buy
• Make strategic business decisions using in depth historic and forecast market data related to New Zealand non-life insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within New Zealand non-life insurance segment
• Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing New Zealand insurance industry and its impact on companies and the segment's future
Key Highlights
• New Zealand occupied 11th place in terms of GDP at current prices among countries in the Asia-Pacific region in 2013.
• Non-life insurance was the largest segment in the insurance industry during the review period (2009–2013) and accounted for 52.3% of the total gross written premium generated in 2013.
• The penetration level of non-life insurance in New Zealand was 2.49% in 2013, which is higher than many countries in the same region such as Australia, which recorded 1.98% in 2013.
• New IPSA standards requiring companies to maintain higher catastrophe risk capital charges and a minimum capital requirement pose a challenge for small and medium-sized insurers.
• The affordability of reinsurance has become a concern for the insurance industry, and has resulted in the exit of some insurers.
• E-commerce was the fastest-growing distribution channel during the review period, with a CAGR of 11.5%. The rise in internet use is expected to drive demand for non-life insurance over the forecast period.
Companies Mentioned
IAG New Zealand Ltd Vero Insurance New Zealand Ltd AMI Insurance Ltd Lumley General Insurance (NZ) Ltd Tower (NZ) Ltd FMG Insurance Ltd AIG Insurance New Zealand Ltd Allianz New ?Zealand Ltd Medical Assurance Society New Zealand Ltd ACE Insurance Ltd
To view the table of contents and know more details please visit Non-Life Insurance in New Zealand, Key Trends and Opportunities to 2018.
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