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Non-Life Insurance in New Zealand, Key Trends and Opportunities to 2019

  • ID: 3499218
  • November 2015
  • Region: New Zealand
  • 102 pages
  • Timetric
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FEATURED COMPANIES

  • AA Insurance
  • Ace Insurance
  • Allianz New Zealand Ltd
  • IAG New Zealand Ltd
  • QBE Insurance N
  • Tower Insurance
  • MORE

The 'Non-Life Insurance in New Zealand, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the New Zealand non-life insurance segment, and a comparison of the New Zealand insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2010-2014) and forecast period (2014-2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the New Zealand economy and demographics, explains the various types of natural hazard and their impact on the New Zealand insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary:

The READ MORE >

Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • AA Insurance
  • Ace Insurance
  • Allianz New Zealand Ltd
  • IAG New Zealand Ltd
  • QBE Insurance N
  • Tower Insurance
  • MORE

1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Profitability
4.2.4 Assets and investments
5 Outlook by Category
5.1 Property Insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Profitability
5.2 Motor Insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Profitability
5.3 Liability Insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Profitability
6 Distribution Channel Outlook
6.1 Brokers
6.2 Bancassurance
6.3 E-commerce
6.4 Other channels
7 Natural Hazards
7.1 Earthquakes
7.2 Flooding, Landslides and Tornadoes
7.3 Volcano
7.4 Exposure
8 Competitive Landscape
8.1 Company Rankings
8.2 Company Profiles
8.2.1 IAG New Zealand Ltd - company overview
8.2.2 Vero Insurance New Zealand Ltd - company overview
8.2.3 Tower Insurance (NZ) Ltd - company overview
8.2.4 FMG Insurance Ltd - company overview
8.2.5 AIG Insurance New Zealand Ltd - company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulations
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors (IAIS)
9.5.2 Reserve Bank of New Zealand
9.5.3 Insurance Council of New Zealand
9.6 Non-Admitted Insurance Regulations
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and penalties
9.7 Company Registration and Operations
9.7.1 Types of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margins
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxation
9.8.2 Withholding taxes on premium paid overseas
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution (ADR)
10 Databook
10.1 Policies and Premium
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About
12.1 Contact
12.2 About
12.3 Services
12.4 Disclaimer

List of Tables
Table 1: New Zealand Non-Life Insurance - Key Facts, 2014
Table 2: New Zealand Non-Life Insurance - Segment Shares of the Top Insurers (%), 2014
Table 3: New Zealand Government Credit Ratings
Table 4: New Zealand Non-Life Insurance - Gross Written Premium (NZD Billion and US$ Billion), 2010-2014
Table 5: New Zealand Non-Life Insurance - Penetration (%), 2010-2014
Table 6: New Zealand Non-Life Insurance - Gross Written Premium (NZD Billion and US$ Billion), 2014-2019
Table 7: New Zealand Non-Life Insurance - Penetration (%), 2014-2019
Table 8: New Zealand Non-Life Insurance - Premium per Capita (NZD and US$), 2010-2014
Table 9: New Zealand Non-Life Insurance - Premium per Capita (NZD and US$), 2014-2019
Table 10: New Zealand Non-Life Insurance - Paid Claims (NZD Billion and US$ Billion), 2010-2014
Table 11: New Zealand Non-Life Insurance - Paid Claims (NZD Billion and US$ Billion), 2014-2019
Table 12: New Zealand Non-Life Insurance - Profitability Ratio (%), 2010-2014
Table 13: New Zealand Non-Life Insurance - Profitability Ratio (%), 2014-2019
Table 14: New Zealand Non-Life Insurance - Total Assets (NZD Billion and US$ Billion), 2010-2014
Table 15: New Zealand Non-Life Insurance - Total Assets (NZD Billion and US$ Billion), 2014-2019
Table 16: New Zealand Non-Life Insurance - Total Investment Income (NZD Billion and US$ Billion), 2010-2014
Table 17: New Zealand Non-Life Insurance - Total Investment Income (NZD Billion and US$ Billion), 2014-2019
Table 18: New Zealand Non-Life Insurance - Investment Portfolio (NZD Billion), 2010-2014
Table 19: New Zealand Non-Life Insurance - Investment Portfolio (NZD Billion), 2014-2019
Table 20: New Zealand Non-Life Insurance - Gross Written Premium by Category (NZD Billion), 2010-2014
Table 21: New Zealand Non-Life Insurance - Gross Written Premium by Category (NZD Billion), 2014-2019
Table 22: New Zealand Property Insurance - Gross Written Premium by Sub-Category (NZD Billion), 2010-2014
Table 23: New Zealand Property Insurance - Gross Written Premium by Sub-Category (NZD Billion), 2014-2019
Table 24: New Zealand Property Insurance - Loss Ratio (%), 2010-2014
Table 25: New Zealand Property Insurance - Loss Ratio (%), 2014-2019
Table 26: New Zealand Motor Insurance - Gross Written Premium by Sub-Category (NZD Billion), 2010-2014
Table 27: New Zealand Motor Insurance - Gross Written Premium by Sub-Category (NZD Billion), 2014-2019
Table 28: New Zealand Motor Insurance - Loss Ratio (%), 2010-2014
Table 29: New Zealand Motor Insurance - Loss Ratio (%), 2014-2019
Table 30: New Zealand Liability Insurance - Gross Written Premium (NZD Billion), 2010-2014
Table 31: New Zealand Liability Insurance - Gross Written Premium (NZD Billion), 2014-2019
Table 32: New Zealand Liability Insurance - Loss Ratio (%), 2010-2014
Table 33: New Zealand Liability Insurance - Loss Ratio (%), 2014-2019
Table 34: New Zealand Marine, Aviation and Liability Insurance - Claims from Marine Incidents (NZD), 2010-2014
Table 35: New Zealand Marine, Aviation and Transit Insurance - Gross Written Premium (NZD Million), 2010-2014
Table 36: New Zealand Marine, Aviation and Transit Insurance - Gross Written Premium (NZD Million), 2014-2019
Table 37: New Zealand Marine, Aviation and Transit Insurance - Loss Ratio (%), 2010-2014
Table 38: New Zealand Marine, Aviation and Transit Insurance - Loss Ratio (%), 2014-2019
Table 39: New Zealand Major Natural Hazards, 1990-2014
Table 40: Top 10 Natural Hazards in New Zealand by Economic Damage, 1990-2014
Table 41: Top 10 Natural Hazards in New Zealand by Number of Affected People, 1990-2014
Table 42: Top Natural Hazards in New Zealand by Claims, 2010-2015
Table 43: Key Insurers in the New Zealand Non-Life Insurance Segment, 2014
Table 44: IAG New Zealand Ltd - Key Facts
Table 45: IAG New Zealand Ltd - Key Financials (NZD Million), 2009-2013
Table 46: Vero Insurance Ltd - Key Facts
Table 47: Tower Insurance (NZ) Ltd - Key Facts
Table 48: Tower Insurance (NZ) Ltd - Key Financials (NZD Million), 2009-2013
Table 49: FMG Insurance Ltd - Key Facts
Table 50: FMG Insurance Ltd - Key Financials (NZD Million), 2009-2013
Table 51: AIG Insurance New Zealand Ltd - Key Facts
Table 52: New Zealand - Insurance Regulatory Framework Key Features
Table 53: New Zealand - Life Insurance Regulatory Framework
Table 54: New Zealand - Property Insurance Regulatory Framework
Table 55: New Zealand - Motor Insurance Regulatory Framework
Table 56: New Zealand - Liability Insurance Regulatory Framework
Table 57: New Zealand - Capital Requirements for Establishment of Insurance Companies
Table 58: New Zealand - Corporate Taxes for Financial Year 2015
Table 59: New Zealand Insurance Industry - Policies and Premium, 2010-2014
Table 60: New Zealand Insurance Industry - Policies and Premium, 2014-2019
Table 61: New Zealand Non-Life Insurance - Policies and Premium, 2010-2014
Table 62: New Zealand Non-Life Insurance - Policies and Premium, 2014-2019
Table 63: New Zealand Non-Life Insurance - Property Insurance Policies and Premium, 2010-2014
Table 64: New Zealand Non-Life Insurance - Property Insurance Policies and Premium, 2014-2019
Table 65: New Zealand Non-Life Insurance - Motor Insurance Policies and Premium, 2010-2014
Table 66: New Zealand Non-Life Insurance - Motor Insurance Policies and Premium, 2014-2019
Table 67: New Zealand Non-Life Insurance - Liability Insurance Policies and Premium, 2010-2014
Table 68: New Zealand Non-Life Insurance - Liability Insurance Policies and Premium, 2014-2019
Table 69: New Zealand Non-Life Insurance - Marine, Aviation and Transit Insurance Policies and Premium, 2010-2014
Table 70: New Zealand Non-Life Insurance - Marine, Aviation and Transit Insurance Policies and Premium, 2014-2019
Table 71: New Zealand Non-Life Insurance - Gross Written Premium by Sub-Category (NZD Billion), 2010-2014
Table 72: New Zealand Non-Life Insurance - Gross Written Premium by Sub-Category (NZD Billion), 2014-2019
Table 73: New Zealand Non-Life Insurance - Direct Written Premium by Sub-Category (NZD Billion), 2010-2014
Table 74: New Zealand Non-Life Insurance - Direct Written Premium by Sub-Category (NZD Billion), 2014-2019
Table 75: New Zealand Non-Life Insurance - Penetration by Sub-Category (%), 2010-2014
Table 76: New Zealand Non-Life Insurance - Penetration by Sub-Category (%), 2014-2019
Table 77: Insurance Industry Definitions

List of Figures
Figure 1: New Zealand Real GDP (US$ Billion), 2010-2019
Figure 2: NZD-US$ Exchange Rate, 2010-2019
Figure 3: New Zealand Consumer Price Inflation, 2010-2019
Figure 4: New Zealand Current Account Balance as Percentage of GDP (%), 2010-2014
Figure 5: New Zealand Unemployment Rate, 2010-2019
Figure 6: New Zealand Population by Age Group, 1990-2025
Figure 7: New Zealand Non-Life Insurance Penetration - Regional Comparison (%), 2014
Figure 8: New Zealand Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2014
Figure 9: New Zealand Non-Life Insurance - Gross Written Premium (NZD Billion), 2010-2019
Figure 10: New Zealand Non-Life Insurance - Penetration (%), 2010-2019
Figure 11: New Zealand Non-Life Insurance - Premium per Capita (NZD), 2010-2019
Figure 12: New Zealand Non-Life Insurance - Paid Claims (NZD Billion), 2010-2019
Figure 13: New Zealand Non-Life Insurance - Profitability Ratio (%), 2010-2019
Figure 14: New Zealand Non-Life Insurance - Total Assets (NZD Billion), 2010-2019
Figure 15: New Zealand Non-Life Insurance - Total Investment Income (NZD Billion), 2010-2019
Figure 16: New Zealand Non-Life Insurance - Investment Portfolio (NZD Billion), 2010-2019
Figure 17: New Zealand Non-Life Insurance - Investment Portfolio Dynamics by Category, 2010-2019
Figure 18: New Zealand Non-Life Insurance - Gross Written Premium by Category (NZD Billion), 2010-2019
Figure 19: New Zealand Non-Life Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 20: New Zealand Property Insurance - Construction Value Output by Category (NZD Billion), 2010-2014
Figure 21: New Zealand Property Insurance - Gross Written Premium by Sub-Category (NZD Billion), 2010-2019
Figure 22: New Zealand Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (NZD Billion and %), 2010-2019
Figure 23: New Zealand Motor Insurance - Vehicle Fleet (Million), 2010-2014
Figure 24: New Zealand Motor Insurance - Gross Written Premium by Sub-Category (NZD Billion), 2010-2019
Figure 25: New Zealand Motor Insurance- Earned Premium, Incurred Loss and Loss Ratio (NZD Billion and %), 2010-2019
Figure 26: New Zealand Liability Insurance - Gross Written Premium (NZD Billion), 2010-2019
Figure 27: New Zealand Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (NZD Billion and %), 2010-2019
Figure 28: New Zealand Marine, Aviation and Transit Insurance - Exports, imports and Trade Balance (US$ Million), 2010-2014
Figure 29: New Zealand Marine, Aviation and Transit Insurance - Gross Written Premium (NZD Million), 2010-2019
Figure 30: New Zealand Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (NZD Million and %), 2010-2019
Figure 31: New Zealand Mortality (%) by Type of Natural Hazards, 1990-2014
Figure 32: Hazard Contribution to AAL (%) by Type of Natural Hazards, 1990-2014
Figure 33: New Zealand - Insurance Supervision and Control at Various Levels
Figure 34: New Zealand - Insurance Regulatory Frameworks for Company Registration and Operation

Note: Product cover images may vary from those shown
3 of 4

- IAG New Zealand Ltd
- Vero Insurance Ltd
- Tower Insurance
- AIG Insurance New Zealand Ltd
- Farmers' Mutual Insurance Group
- Allianz New Zealand Ltd
- Ace Insurance
- Medical Assurance Society New Zealand Ltd
- AA Insurance
- QBE Insurance N

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown

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