Non-Life Insurance in New Zealand, Key Trends and Opportunities to 2019

Date: 2015-12
Pages:102
Price:

“• The non-life segment accounted for 54.0% of the industry’s gross written premium in 2014.

• Liability insurance accounts for 20.4% of the segment’s gross written premium in 2014.

• The non-life segment has a penetration rate of 2.5%, the highest in the Asia-Pacific region.

• Property insurance was the largest category, and accounted for 41.6% of the segment’s gross written premium in 2014.

• Motor insurance was the second-largest non-life category, accounting for 35.1% of the segment’s gross written premium in 2014.

• Natural disasters and an increase in reinsurance rates and regulatory changes are contributing to the segment’s transformation. ”

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