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Life Insurance & Pension in New Zealand

Publisher MarketLine
Published Dec 31, 2025
Length 43 Pages
SKU # MTLN21020465

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>2019-24,>and>forecast>to>2029).>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>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>a>loss>of>income>to>the>household.
  • The>New>Zealand>life>insurance>&>pension>market>recorded>gross>written>premiums>of>$1.1>billion>in>2024,>representing>a>negative>compound>annual>growth>rate>(CAGR)>of>9.5%>between>2019>and>2024.
  • The>life>insurance>segment>accounted>for>the>market's>largest>proportion>in>2024,>with>total>gross>written>premiums>of>$0.7>billion,>equivalent>to>61.8%>of>the>market's>overall>value.
  • The>New>Zealand>life>insurance>&>pension>market>experienced>an>annual>revenue>growth>of>0.02%>in>2024,>primarily>driven>by>the>increasing>population>of>individuals>aged>65>and>above.
Scope
  • Save>time>carrying>out>entry-level>research>by>identifying>the>size,>growth,>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>2024?
  • What>will>be>the>size>of>the>New>Zealand>life>insurance>&>pension>market>in>2029?
  • 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?
  • How>large>is>New>Zealand’s>life>insurance>&>pension>market>in>relation>to>its>regional>counterparts?

Table of Contents

43 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?
7.5. What are the challenges in the market?
8 Company Profiles
8.1. Fidelity Life Assurance Co Ltd
8.2. AIA Group Ltd
8.3. Chubb Ltd
8.4. Partners Life 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, 2019-24
Table 2: New Zealand life insurance & pension market category segmentation: % share, by value, 2019-24
Table 3: New Zealand life insurance & pension market category segmentation: $ billion, 2019-24
Table 4: New Zealand life insurance & pension market geography segmentation: $ billion, 2024
Table 5: New Zealand life insurance & pension market value forecast: $ billion, 2024-29
Table 6: New Zealand life insurance & pension market share: % share, by value, 2024
Table 7: Fidelity Life Assurance Co Ltd: Key Facts
Table 8: Fidelity Life Assurance Co Ltd: Key Employees
Table 9: AIA Group Ltd: Key Facts
Table 10: AIA Group Ltd: Annual Financial Ratios
Table 11: AIA Group Ltd: Key Employees
Table 12: AIA Group Ltd: Key Employees Continued
Table 13: Chubb Ltd: Key Facts
Table 14: Chubb Ltd: Annual Financial Ratios
Table 15: Chubb Ltd: Key Employees
Table 16: Chubb Ltd: Key Employees Continued
Table 17: Chubb Ltd: Key Employees Continued
Table 18: Partners Life Ltd: Key Facts
Table 19: Partners Life Ltd: Key Employees
Table 20: New Zealand Size of Population (Million), 2020-24
Table 21: New Zealand Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: New Zealand GDP (Current Prices, $ Billion), 2020-24
Table 23: New Zealand Inflation, 2020-24
Table 24: New Zealand Consumer Price Index (Absolute), 2020-24
Table 25: New Zealand Exchange Rate, 2019-24
List of Figures
Figure 1: New Zealand life insurance & pension market value: $ billion, 2019-24
Figure 2: New Zealand life insurance & pension market category segmentation: $ billion, 2019-24
Figure 3: New Zealand life insurance & pension market geography segmentation: % share, by value, 2024
Figure 4: New Zealand life insurance & pension market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the life insurance & pension market in New Zealand, 2024
Figure 6: Drivers of buyer power in the life insurance & pension market in New Zealand, 2024
Figure 7: Drivers of supplier power in the life insurance & pension market in New Zealand, 2024
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in New Zealand, 2024
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in New Zealand, 2024
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in New Zealand, 2024
Figure 11: New Zealand life insurance & pension market share: % share, by value, 2024

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