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Insurance Brokerage in New Zealand - Industry Market Research Report

Publisher IBISWorld
Published Jul 24, 2025
Length 42 Pages
SKU # IBSS20291669

Description

Insurance Brokerage in New Zealand

The Insurance Brokerage industry's revenue has grown over the past five years. Demand from general insurance has supported revenue growth over the period, but falling demand from life insurance has limited this growth. Despite being a smaller product segment compared with general insurance, life insurance policies significantly affect industry revenue, as insurance brokers generate large up-front and trail commissions. Moreover, the number of businesses has fallen following the COVID-19 outbreak, reducing overall demand from commercial clients. Industry revenue is expected to decline at an annualised 2.3% over the five years through 2022-23, to $2.7 billion. This trend includes a decline of 1.1% in the current year.

Industry operators are primarily insurance brokers or agents selling insurance policies. Companies in the industry can also provide other insurance services, such as insurance consulting, claims assessment and adjustment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

42 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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