New Zealand Insurance Report Q1 2016

Date: October 21, 2015
Pages: 49
US$ 1,295.00
Report type: Strategic Report
Delivery: Download
ID: N848199442CEN

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Includes 3 FREE quarterly updates

BMI View: The insurance market in New Zealand is relatively small, by global standards, and a subdued domestic economic outlook means that premiums growth in both the life and non-life sectors will be slow throughout our forecast period to 2019. The strengthening of the US dollar also means that the market will contract in USD terms in the short term. Over the longer term, demand for key non-life lines such as property and motor are likely to remain high while demand for life products (the smaller market currently) is expected to grow as awareness of the benefits of life products in conjunction with state-provided retirement schemes is raised.

Key Updates And Forecasts

New Zealand's life insurance market is underdeveloped but does offer growth potential. At present, we expect life premiums to grow broadly in line with GDP, increasing from NZD2.3bn in 2015 to NZD2.8bn while over the longer term demographic trends, including an ageing population, will lead to increased demand.
BMI Industry View
  Table: Headline Insurance Forecasts (New Zealand 2012-2019)
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (New Zealand 2012-2019)
  Table: Life Insurance Claims (New Zealand 2007-2013)
Non-Life Premiums Forecast
  Table: Non-Life Premiums (New Zealand 2012-2019)
  Table: Non-Life Insurance Claims (New Zealand 2008-2013)
Non-Life Sub-Sector Forecast
  Table: Non Life Insurance Premiums by Product Line (New Zealand 2012-2019)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Index
  Table: Asia Pacific Insurance Risk/Reward Index
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Company Profile
AMP Limited
Insurance Australia Group
Suncorp Group
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
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