New Zealand Non-Life Insurance Market to 2027
New Zealand Non-Life Insurance Market to 2027
Summary
Non-Life Insurance in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Non-Life Insurance in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The New Zealand non-life insurance market had total gross written premiums of $5.1 billion in 2022, representing a compound annual growth rate (CAGR) of 7% between 2017 and 2022.
- The property segment accounted for the market's largest proportion in 2022, with total gross written premiums of $2.3 billion, equivalent to 44.2% of the market's overall value.
- Non-life insurance coverage in the New Zealand population is relatively low. According to in-house research, in 2022, non-life insurance penetration (ratio of premiums to GDP) in New Zealand was 2%.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in New Zealand
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in New Zealand
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the New Zealand non-life insurance market with five year forecasts by both value and volume
- What was the size of the New Zealand non-life insurance market by value in 2022?
- What will be the size of the New Zealand non-life insurance market in 2027?
- What factors are affecting the strength of competition in the New Zealand non-life insurance market?
- How has the market performed over the last five years?
- How large is New Zealand’s non-life insurance market in relation to its regional counterparts?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. 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. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What has been the rationale behind recent M&A activity?
8 COMPANY PROFILES
8.1. AA Insurance Limited
8.2. IAG New Zealand Ltd
8.3. Vero Insurance New Zealand Ltd
8.4. Southern Cross Financial Group
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
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. 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. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What has been the rationale behind recent M&A activity?
8 COMPANY PROFILES
8.1. AA Insurance Limited
8.2. IAG New Zealand Ltd
8.3. Vero Insurance New Zealand Ltd
8.4. Southern Cross Financial Group
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
Table 1: New Zealand non-life insurance market value: $ billion, 2017–22
Table 2: New Zealand non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: New Zealand non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: New Zealand non–life insurance market geography segmentation: $ billion, 2022
Table 5: New Zealand non-life insurance market value forecast: $ billion, 2022–27
Table 6: AA Insurance Limited: key facts
Table 7: AA Insurance Limited: Key Employees
Table 8: IAG New Zealand Ltd: key facts
Table 9: IAG New Zealand Ltd: Key Employees
Table 10: Vero Insurance New Zealand Ltd: key facts
Table 11: Vero Insurance New Zealand Ltd: Key Employees
Table 12: Southern Cross Financial Group: key facts
Table 13: Southern Cross Financial Group: Key Employees
Table 14: New Zealand size of population (million), 2018–22
Table 15: New Zealand gdp (constant 2005 prices, $ billion), 2018–22
Table 16: New Zealand gdp (current prices, $ billion), 2018–22
Table 17: New Zealand inflation, 2018–22
Table 18: New Zealand consumer price index (absolute), 2018–22
Table 19: New Zealand exchange rate, 2018–22
Table 1: New Zealand non-life insurance market value: $ billion, 2017–22
Table 2: New Zealand non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: New Zealand non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: New Zealand non–life insurance market geography segmentation: $ billion, 2022
Table 5: New Zealand non-life insurance market value forecast: $ billion, 2022–27
Table 6: AA Insurance Limited: key facts
Table 7: AA Insurance Limited: Key Employees
Table 8: IAG New Zealand Ltd: key facts
Table 9: IAG New Zealand Ltd: Key Employees
Table 10: Vero Insurance New Zealand Ltd: key facts
Table 11: Vero Insurance New Zealand Ltd: Key Employees
Table 12: Southern Cross Financial Group: key facts
Table 13: Southern Cross Financial Group: Key Employees
Table 14: New Zealand size of population (million), 2018–22
Table 15: New Zealand gdp (constant 2005 prices, $ billion), 2018–22
Table 16: New Zealand gdp (current prices, $ billion), 2018–22
Table 17: New Zealand inflation, 2018–22
Table 18: New Zealand consumer price index (absolute), 2018–22
Table 19: New Zealand exchange rate, 2018–22
LIST OF FIGURES
Figure 1: New Zealand non-life insurance market value: $ billion, 2017–22
Figure 2: New Zealand non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: New Zealand non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: New Zealand non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in New Zealand, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in New Zealand, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in New Zealand, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in New Zealand, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in New Zealand, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in New Zealand, 2022
Figure 1: New Zealand non-life insurance market value: $ billion, 2017–22
Figure 2: New Zealand non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: New Zealand non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: New Zealand non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in New Zealand, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in New Zealand, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in New Zealand, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in New Zealand, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in New Zealand, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in New Zealand, 2022
