Report cover image

Life Insurance & Pension in New Zealand

Publisher MarketLine
Published Nov 14, 2024
Length 45 Pages
SKU # MTLN19547044

Description

Life Insurance & Pension in New Zealand

Summary

Life Insurance & Pension in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
  • The New Zealand life insurance & pension market recorded gross written premiums of $1.1 billion in 2023, representing a negative compound annual growth rate (CAGR) of 9.9% between 2018 and 2023.
  • The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $0.7 billion, equivalent to 62% of the market's overall value.
  • The significant drop in GDP growth has created more uncertainty for consumers about their financial security. For instance, according to Statistics New Zealand and the UNCTADstat, the real GDP annual growth of New Zealand stood at 0.2% in 2023, as compared to 2.7% in 2022. This negative economic outlook has discouraged consumers from spending more on financial protection and retirement planning.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance & pension market in New Zealand
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in New Zealand
  • Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the New Zealand life insurance & pension market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the New Zealand life insurance & pension market by value in 2023?
  • What will be the size of the New Zealand life insurance & pension market in 2028?
  • What factors are affecting the strength of competition in the New Zealand life insurance & pension market?
  • How has the market performed over the last five years?
  • What are the main segments that make up New Zealand's life insurance & pension market?

Table of Contents

45 Pages
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 are the strategies of the leading players?
7.4. What are the strengths of the leading players?
8 Company Profiles
8.1. AIA Group Ltd
8.2. Partners Life Ltd
8.3. Fidelity Life Assurance Co Ltd
8.4. Chubb 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
Table 1: New Zealand life insurance & pension market value: $ billion, 2018-23
Table 2: New Zealand life insurance & pension market category segmentation: % share, by value, 2018-23
Table 3: New Zealand life insurance & pension market category segmentation: $ billion, 2018-23
Table 4: New Zealand life insurance & pension market geography segmentation: $ billion, 2023
Table 5: New Zealand life insurance & pension market value forecast: $ billion, 2023-28
Table 6: New Zealand life insurance & pension market share: % share, by value, 2023
Table 7: AIA Group Ltd: Key Facts
Table 8: AIA Group Ltd: Annual Financial Ratios
Table 9: AIA Group Ltd: Key Employees
Table 10: Partners Life Ltd: Key Facts
Table 11: Partners Life Ltd: Key Employees
Table 12: Fidelity Life Assurance Co Ltd: Key Facts
Table 13: Fidelity Life Assurance Co Ltd: Key Employees
Table 14: Chubb Ltd: Key Facts
Table 15: Chubb Ltd: Annual Financial Ratios
Table 16: Chubb Ltd: Key Employees
Table 17: Chubb Ltd: Key Employees Continued
Table 18: Chubb Ltd: Key Employees Continued
Table 19: Chubb Ltd: Key Employees Continued
Table 20: New Zealand Size of Population (million), 2019-23
Table 21: New Zealand Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 22: New Zealand GDP (Current Prices, $ Billion), 2019-23
Table 23: New Zealand Inflation, 2019-23
Table 24: New Zealand Consumer Price Index (Absolute), 2019-23
Table 25: New Zealand Exchange Rate, 2018-23
List of Figures
Figure 1: New Zealand life insurance & pension market value: $ billion, 2018-23
Figure 2: New Zealand life insurance & pension market category segmentation: $ billion, 2018-23
Figure 3: New Zealand life insurance & pension market geography segmentation: % share, by value, 2023
Figure 4: New Zealand life insurance & pension market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the life insurance & pension market in New Zealand, 2023
Figure 6: Drivers of buyer power in the life insurance & pension market in New Zealand, 2023
Figure 7: Drivers of supplier power in the life insurance & pension market in New Zealand, 2023
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in New Zealand, 2023
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in New Zealand, 2023
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in New Zealand, 2023
Figure 11: New Zealand life insurance & pension market share: % share, by value, 2023

Search Inside Report

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us