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

November 2021 | 46 pages | ID: I4AC9F8DBEA7EN
MarketLine

Abstracts

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

SUMMARY

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?

Contents

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 MarketLine research
10.4. About MarketLine

List Of Tables

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

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