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New Zealand Life Insurance Market to 2018
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New Zealand Life Insurance Market to 2018

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The New Zealand life insurance segment grew during the review period, albeit at a moderate pace, at a review-period CAGR of 5.1%. This can be attributed to losses recorded due to a series of …

The New Zealand life insurance segment grew during the review period, albeit at a moderate pace, at a review-period CAGR of 5.1%. This can be attributed to losses recorded due to a series of earthquakes caused in 2011. The life segment is expected to remain stable and register a CAGR of 6.6%, in gross written premium terms over the forecast period, supported by a recovery in economic conditions. High levels of underinsurance, coupled with an aging population are all expected to create demand for life insurance products over the forecast period. New Zealand's life insurance penetration stood at 0.7% of GDP in 2013, below the OECD average of 5%. The country has the fourth-lowest penetration rate of all 34 OECD countries with only Estonia, Turkey and Iceland having lower.
Complete reports is available @ http://marketreportsstore.com/life-insurance-in-new-zealand-key-trends-and-opportunities-to-2018/ .

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  • 1. Life Insurance in New Zealand, Key Trends and Opportunities to 2018 Published: Jul 2014 Single User PDF: US$ 1950 Corporate User PDF: US$ 3900 Order this report by calling +1 888 391 5441 or Send an email to sales@marketreportsstore.com with your contact details and questions if any. 1
  • 2. Life Insurance in New Zealand, Key Trends and Opportunities to 2018 Synopsis The report provides in-depth market analysis, information and insights into the New Zealand life insurance segment, including: The New Zealand life insurance segment’s growth prospects by life insurance categories Key trends and drivers for the life insurance segment The various distribution channels in the New Zealand life insurance segment The detailed competitive landscape in the life insurance segment in New Zealand Detailed regulatory policies of the New Zealand insurance industry A description of the life reinsurance segment in New Zealand Porter's Five Forces analysis of the life insurance segment Call Now + 1 888 391 5441 | Email at sales@marketreportsstore.com 2
  • 3. Life Insurance in New Zealand, Key Trends and Opportunities to 2018 Summary The New Zealand life insurance segment grew during the review period, albeit at a moderate pace, at a review-period CAGR of 5.1%. This can be attributed to losses recorded due to a series of earthquakes caused in 2011. The life segment is expected to remain stable and register a CAGR of 6.6%, in gross written premium terms over the forecast period, supported by a recovery in economic conditions. High levels of underinsurance, coupled with an aging population are all expected to create demand for life insurance products over the forecast period. New Zealand's life insurance penetration stood at 0.7% of GDP in 2013, below the OECD average of 5%. The country has the fourth-lowest penetration rate of all 34 OECD countries with only Estonia, Turkey and Iceland having lower. Call Now + 1 888 391 5441 | Email at sales@marketreportsstore.com 3
  • 4. Life Insurance in New Zealand, Key Trends and Opportunities to 2018 Scope This report provides a comprehensive analysis of the life insurance segment in New Zealand: It provides historical values for the New Zealand 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 categories in the New Zealand 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. Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in New Zealand for the life insurance business. Complete reports is available @ http://marketreportsstore.com/life-insurance- in-new-zealand-key-trends-and-opportunities-to-2018/ . Call Now + 1 888 391 5441 | Email at sales@marketreportsstore.com 4
  • 5. Life Insurance in New Zealand, Key Trends and Opportunities to 2018 Key highlights The New Zealand life segment’s gross written premium grew at a review-period CAGR of 5.1%. The number of insurance policies sold in the segment increased from 2.6 million in 2009 to 3.0 million in 2013, at a CAGR of 3.9% during the review period. High levels of underinsurance, coupled with an aging population are all expected to create demand for life insurance products over the forecast period. Agencies were the leading distribution channel for life insurance products during the review period, with a 36.5% share of the gross written generated by premium new business. The life insurance segment is highly concentrated, and the five leading companies accounted for 73.8% of the segment’s gross written premiums in 2013. Buy the copy of this report @ http://marketreportsstore.com/purchase?rname=15826 . Call Now + 1 888 391 5441 | Email at sales@marketreportsstore.com 5
  • 6. Life Insurance in New Zealand, Key Trends and Opportunities to 2018 About Us MarketReportsStore.com is an online market research reports library of 250,000+ in- depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers. RnR Market Research also offers company data, country profiles, trends, information and analysis on the sector of your interest. Visit Us @ http://marketreportsstore.com Follow Us: Call Now + 1 888 391 5441 | Email at sales@marketreportsstore.com 6

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