Insurance in New Zealand - Market Summary, Competitive Analysis and Forecast to 2025

Insurance in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
The New Zealand insurance market had total gross written premiums of $10.2bn in 2020, representing a compound annual growth rate (CAGR) of 3.8% between 2016 and 2020.
The non-life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $8.5bn, equivalent to 82.8% of the market's overall value.
Recent growth in the New Zealand insurance market has been supported by digital innovation, a trend which has been accelerated by the COVID-19 pandemic as customers seeking easy and accessible ways to manage their policies and communicate with insurers while physical branches have been closed under nationwide lockdown restrictions.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in New Zealand
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in New Zealand
Leading company profiles reveal details of key insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the New Zealand insurance market with five year forecasts by both value and volume

Reasons to Buy

What was the size of the New Zealand travel & tourism market by value in 2020?
What will be the size of the New Zealand travel & tourism market in 2025?
What factors are affecting the strength of competition in the New Zealand travel & tourism market?
How has the market performed over the last five years?
What are the main segments that make up New Zealand's travel & tourism market?

Frequently Asked Questions about the Insurance Market in New Zealand

What is the estimated value of the Insurance Market in New Zealand?

The Insurance Market in New Zealand was estimated to be valued at $10.25 Billion in 2020.

What is the growth rate of the Insurance Market in New Zealand?

The growth rate of the Insurance Market in New Zealand is 2.1%, with an estimated value of $11.4 Billion by 2025.

What is the forecasted size of the Insurance Market in New Zealand?

The Insurance Market in New Zealand is estimated to be worth $11.4 Billion by 2025.

Who are the key companies in the Insurance Market in New Zealand?

Key companies in the Insurance Market in New Zealand include AIA Group Ltd, AMP Ltd, Asteron Life Ltd and Zurich Insurance Group Ltd.

Report Attribute	Details
No. of Pages	46
Published	November 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 10.25 Billion
Forecasted Market Value ( USD ) by 2025	$ 11.4 Billion
Compound Annual Growth Rate	2.1%
Regions Covered	New Zealand

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID - 19 outbreak impacted the market?

8 Company Profiles

8.1. AIA Group Ltd
8.2. AMP Ltd
8.3. Asteron Life Ltd
8.4. Zurich Insurance Group Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About The Publisher

List of Tables

Table 1: New Zealand insurance market value: $ billion, 2016 - 20
Table 2: New Zealand insurance market category segmentation: $ billion, 2020
Table 3: New Zealand insurance market geography segmentation: $ billion, 2020
Table 4: New Zealand insurance market value forecast: $ billion, 2020 - 25
Table 5: New Zealand insurance market share: % share, by value, 2020
Table 6: AIA Group Ltd: key facts
Table 7: AIA Group Ltd: Annual Financial Ratios
Table 8: AIA Group Ltd: Key Employees
Table 9: AIA Group Ltd: Key Employees Continued
Table 10: AMP Ltd: key facts
Table 11: AMP Ltd: Annual Financial Ratios
Table 12: AMP Ltd: Key Employees
Table 13: Asteron Life Ltd: key facts
Table 14: Asteron Life Ltd: Key Employees
Table 15: Zurich Insurance Group Ltd: key facts
Table 16: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 17: Zurich Insurance Group Ltd: Key Employees
Table 18: Zurich Insurance Group Ltd: Key Employees Continued
Table 19: New Zealand size of population (million), 2016 - 20
Table 20: New Zealand gdp (constant 2005 prices, $ billion), 2016 - 20
Table 21: New Zealand gdp (current prices, $ billion), 2016 - 20
Table 22: New Zealand inflation, 2016 - 20
Table 23: New Zealand consumer price index (absolute), 2016 - 20
Table 24: New Zealand exchange rate, 2016 - 20

List of Figures

Figure 1: New Zealand insurance market value: $ billion, 2016 - 20
Figure 2: New Zealand insurance market category segmentation: % share, by value, 2020
Figure 3: New Zealand insurance market geography segmentation: % share, by value, 2020
Figure 4: New Zealand insurance market value forecast: $ billion, 2020 - 25
Figure 5: Forces driving competition in the insurance market in New Zealand, 2020
Figure 6: Drivers of buyer power in the insurance market in New Zealand, 2020
Figure 7: Drivers of supplier power in the insurance market in New Zealand, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in New Zealand, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in New Zealand, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in New Zealand, 2020
Figure 11: New Zealand insurance market share: % share, by value, 2020