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Insurance in New Zealand

Insurance in New Zealand

Summary

Insurance in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the New Zealand insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

The New Zealand insurance market had total gross written premiums of $10.0bn in 2016, representing a compound annual growth rate (CAGR) of 2.7% between 2012 and 2016.

The non-life Insurance segment was the market's most lucrative in 2016, with total gross written premiums of $8.3bn, equivalent to 82.9% of the market's overall value.

The growth of the market was accelerated in 2016, in line with the growth acceleration of the economy, with demand rebounding in personal lines of non-life insurance.

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
Reasons to buy
  • What was the size of the New Zealand insurance market by value in 2016?
  • What will be the size of the New Zealand insurance market in 2021?
  • What factors are affecting the strength of competition in the New Zealand insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in New Zealand's insurance market?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
AA Insurance
Insurance Australia Group Limited
Sovereign Assurance Company Ltd
Suncorp Group Limited
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: New Zealand insurance market value: $ billion, 2012-16
Table 2: New Zealand insurance market category segmentation: $ billion, 2016
Table 3: New Zealand insurance market geography segmentation: $ billion, 2016
Table 4: New Zealand insurance market value forecast: $ billion, 2016-21
Table 5: AA Insurance: key facts
Table 6: Insurance Australia Group Limited: key facts
Table 7: Insurance Australia Group Limited: key financials ($)
Table 8: Insurance Australia Group Limited: key financials (A$)
Table 9: Insurance Australia Group Limited: key financial ratios
Table 10: Sovereign Assurance Company Ltd: key facts
Table 11: Suncorp Group Limited: key facts
Table 12: Suncorp Group Limited: key financials ($)
Table 13: Suncorp Group Limited: key financials (A$)
Table 14: Suncorp Group Limited: key financial ratios
Table 15: New Zealand size of population (million), 2012-16
Table 16: New Zealand gdp (constant 2005 prices, $ billion), 2012-16
Table 17: New Zealand gdp (current prices, $ billion), 2012-16
Table 18: New Zealand inflation, 2012-16
Table 19: New Zealand consumer price index (absolute), 2012-16
Table 20: New Zealand exchange rate, 2012-16
List of Figures
Figure 1: New Zealand insurance market value: $ billion, 2012-16
Figure 2: New Zealand insurance market category segmentation: % share, by value, 2016
Figure 3: New Zealand insurance market geography segmentation: % share, by value, 2016
Figure 4: New Zealand insurance market value forecast: $ billion, 2016-21
Figure 5: Forces driving competition in the insurance market in New Zealand, 2016
Figure 6: Drivers of buyer power in the insurance market in New Zealand, 2016
Figure 7: Drivers of supplier power in the insurance market in New Zealand, 2016
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in New Zealand, 2016
Figure 9: Factors influencing the threat of substitutes in the insurance market in New Zealand, 2016
Figure 10: Drivers of degree of rivalry in the insurance market in New Zealand, 2016
Figure 11: Insurance Australia Group Limited: revenues & profitability
Figure 12: Insurance Australia Group Limited: assets & liabilities
Figure 13: Suncorp Group Limited: revenues & profitability
Figure 14: Suncorp Group Limited: assets & liabilities

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