The report provides in depth market analysis, information and insights into New Zealand personal accident and health insurance segment, including:
- New Zealand personal accident and health insurance segment’s growth prospects by insurance categories
- Key trends and drivers for the personal accident and health insurance segment
- The various distribution channels in New Zealand personal accident and health insurance segment
- The detailed competitive landscape in the personal accident and health insurance in New Zealand
- Detailed regulatory policies of New Zealand insurance industry
- A description of the personal accident and health insurance segment in New Zealand
- Porter's Five Forces analysis of the personal accident and health insurance segment
New Zealand’s personal accident and health segment recorded a compound annual growth rate (CAGR) of 4.4% during the review period (2009–2013). The segment accounted for the second-largest proportion of the total industry’s gross written premium in 2013, with a share of 34.8%. In 2013, personal accident insurance was the largest category in the segment in terms of gross written premium, representative of a share of 58.0%, followed by health insurance with 42.0%.
This report provides a comprehensive analysis of the personal accident and health insurance segment in New Zealand:
- It provides historical values for New Zealand’s personal accident and health insurance segment for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
- It offers a detailed analysis of the key categiories in New Zealand’s personal accident and health insurance segment, along with market forecasts until 2018.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
- It analyses the various distribution channels for personal accident and health insurance products in New Zealand.
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in New Zealand for the personal accident and health insurance segment.
- It provides a detailed analysis of the reinsurance segment in New Zealand and its growth prospects.
- It profiles the top personal accident and health insurance companies in New Zealand and outlines the key regulations affecting them.
Reasons to buy
- Make strategic business decisions using in depth historic and forecast market data related to New Zealand personal accident and health insurance segment and each category within it
- Understand the demand-side dynamics, key market trends and growth opportunities within New Zealand personal accident and health insurance segment
- Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing New Zealand insurance industry and its impact on companies and the segment's future
- According to the Central Intelligence Agency (CIA), health expenditure in New Zealand in 2010 stood at 10.1% of GDP.
- In 2012, the country’s population stood at 4.3 million. Sustained low fertility and mortality rates mean the population is gradually aging, with the 65-years-and-over age group being the fastest-growing group, accounting for 13.6% of the population.
- In order to bring the industry in line with international practices, the Insurance (Prudential Supervision) Act 2010 (IPSA) was enacted in 2010.
- The travel insurance category was the fastest growing in the personal accident and health segment with a review-period CAGR of 7.8%.
- According to the Organization for Economic Cooperation and Development (OECD) statistics, public sector spending on healthcare, as a percentage of GDP, increased to 10.3% in New Zealand in 2011.
- Insurers’ earnings from investments are likely to be effected by the low interest-rate environment in New Zealand; rates stood at 8.94% in 2008 and decreased to 5.53% in 2013.