Personal Accident and Health Insurance in New Zealand, Key Trends and Opportunities to 2018 is a new market research publication announced by Reportstack. New Zealand’s personal accident and health segment recorded a compound annual growth rate (CAGR) of 4.4% during the review period (2009–2013). The segment accounted for the second-largest proportion of the total industry’s gross written premium in 2013, with a share of 34.8%. In 2013, personal accident insurance was the largest category in the segment in terms of gross written premium, representative of a share of 58.0%, followed by health insurance with 42.0%.
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in New Zealand:
• It provides historical values for New Zealand’s personal accident and health 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 personal accident and health 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 personal accident and health insurance products in New Zealand.
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in New Zealand for the personal accident and health insurance segment.
• It provides a detailed analysis of the reinsurance segment in New Zealand and its growth prospects.
• It profiles the top personal accident and health 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 personal accident and health insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within New Zealand personal accident and health insurance segment
• Assess the competitive dynamics in the personal accident and health 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
• According to the Central Intelligence Agency (CIA), health expenditure in New Zealand in 2010 stood at 10.1% of GDP. • In 2012, the country’s population stood at 4.3 million. Sustained low fertility and mortality rates mean the population is gradually aging, with the 65-years-and-over age group being the fastest-growing group, accounting for 13.6% of the population. • In order to bring the industry in line with international practices, the Insurance (Prudential Supervision) Act 2010 (IPSA) was enacted in 2010. • The travel insurance category was the fastest growing in the personal accident and health segment with a review-period CAGR of 7.8%.
• According to the Organization for Economic Cooperation and Development (OECD) statistics, public sector spending on healthcare, as a percentage of GDP, increased to 10.3% in New Zealand in 2011.
• Insurers’ earnings from investments are likely to be effected by the low interest-rate environment in New Zealand; rates stood at 8.94% in 2008 and decreased to 5.53% in 2013.
Companies Mentioned
Sovereign Assurance Company Ltd Southern Cross Healthcare Group AIA New Zealand Lumley General Insurance (NZ) Ltd Tower (NZ) Ltd AIG Insurance New Zealand Ltd Allianz New Zealand Ltd Medical Assurance Society New Zealand ACE Insurance Ltd Partners Life Ltd Cigna Life Insurance New Zealand Ltd BNZ Life Westpac New Zealand Ltd
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in New Zealand:
• It provides historical values for New Zealand’s personal accident and health 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 personal accident and health 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 personal accident and health insurance products in New Zealand.
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in New Zealand for the personal accident and health insurance segment.
• It provides a detailed analysis of the reinsurance segment in New Zealand and its growth prospects.
• It profiles the top personal accident and health 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 personal accident and health insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within New Zealand personal accident and health insurance segment
• Assess the competitive dynamics in the personal accident and health 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
• According to the Central Intelligence Agency (CIA), health expenditure in New Zealand in 2010 stood at 10.1% of GDP. • In 2012, the country’s population stood at 4.3 million. Sustained low fertility and mortality rates mean the population is gradually aging, with the 65-years-and-over age group being the fastest-growing group, accounting for 13.6% of the population. • In order to bring the industry in line with international practices, the Insurance (Prudential Supervision) Act 2010 (IPSA) was enacted in 2010. • The travel insurance category was the fastest growing in the personal accident and health segment with a review-period CAGR of 7.8%.
• According to the Organization for Economic Cooperation and Development (OECD) statistics, public sector spending on healthcare, as a percentage of GDP, increased to 10.3% in New Zealand in 2011.
• Insurers’ earnings from investments are likely to be effected by the low interest-rate environment in New Zealand; rates stood at 8.94% in 2008 and decreased to 5.53% in 2013.
Companies Mentioned
Sovereign Assurance Company Ltd Southern Cross Healthcare Group AIA New Zealand Lumley General Insurance (NZ) Ltd Tower (NZ) Ltd AIG Insurance New Zealand Ltd Allianz New Zealand Ltd Medical Assurance Society New Zealand ACE Insurance Ltd Partners Life Ltd Cigna Life Insurance New Zealand Ltd BNZ Life Westpac New Zealand Ltd
To view the table of contents and know more details please visit Personal Accident and Health Insurance in New Zealand, Key Trends and Opportunities to 2018.
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