Personal Accident and Health Insurance in New Zealand, Key Trends and Opportunities to 2019

Date: 2015-12

“โ€ข The largest category in the personal accident and health segment was personal accident insurance, which accounted for a 58.3% share of the segmentโ€™s total written premiums in 2014.

โ€ข The segmentโ€™s growth was supported by a rise in healthcare expenditure, GDP growth, increasing public awareness of the benefits of private health insurance and an increase in outbound travel.

โ€ข The travel insurance category contributed to the growing personal accident and health segment, with a review-period CAGR of 6.1%.

โ€ข In terms of gross written premium, the health insurance category recorded the fastest growth at a review-period CAGR of 6.2%.

โ€ข Private health insurers complement the public healthcare system and provide additional and elective treatments or specialist consultations. ”

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