The personal accident and health segment of the New Zealand insurance industry recorded a healthy compound annual growth rate (CAGR) of 8.6% during the 2008–2012 review period. The segment’s gross written premium registered a CAGR of 8.6%, increasing from around NZD3.2 billion (US$2.3 billion) in 2008 to NZD4.5 billion (US$3.7 billion) in 2012. Personal accident and health insurance accounted for the second-largest proportion of total gross written premiums in the overall insurance industry in 2012, with a 36.0% share. According to the Central Intelligence Agency (CIA), health expenditure in New Zealand in 2010 stood at 10.1% of GDP.
The report provides in depth market analysis, information and insights into the New Zealand personal accident and health insurance segment, including:
- The 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 the New Zealand personal accident and health insurance segment
- Detailed competitive landscape in the personal accident and health insurance segment in New Zealand
- Detailed regulatory framework of the New Zealand insurance industry
- A description of the personal accident and health reinsurance segment in New Zealand
- Porter's Five Forces Analysis of the personal accident and health insurance segment
Scope
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 2008–2012 review period and forecast figures for the 2012–2017 forecast period
- It offers a detailed analysis of the key sub-segments in New Zealand 's personal accident and health insurance segment, along with market forecasts until 2017
- 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 the 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 the 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 the New Zealand insurance segment and its impact on companies and the market's future
Key Highlights
- The personal accident and health segment of the New Zealand insurance industry recorded a healthy compound annual growth rate (CAGR) of 8.6% during the 2008–2012 review period
- Unsustainable levels of public spending on healthcare to open doors for private insurers
- Brokers was the leading distribution channel in 2012, accounting for 76% of the total new written premium business
- The insurance industry in New Zealand is supervised and regulated by the Reserve Bank of New Zealand (RBNZ) in accordance with the rules and regulations stipulated in the Insurance (Prudential Supervision) Act 2010
- Companies operating in the life and non-life segments provide health insurance as part of their services.
Spanning over 195 pages, 123 tables and 135 figures, “Personal Accident and Health Insurance in New Zealand , Key Trends and Opportunities to 2017” report provides information on market overview, drivers and challenge, competition and key trends.
In addition to covering The New Zealand Insurance Industry Attractiveness, Personal Accident and Health Insurance Segment Outlook, Analysis by Distribution Channels, Porter's Five Forces Analysis - New Zealand Personal Accident and Health Insurance, Reinsurance Growth Dynamics and Challenges, Governance, Risk and Compliance, Competitive Landscape and Strategic Insights, Business Environment and Country Risk, Appendix. The report cover 5 companies Sovereign Assurance Company Ltd, Asteron Life Ltd, AIA New Zealand, Lumley General Insurance (NZ) Ltd, Tower (NZ) Ltd.
For more information visit : http://www.marketresearchreports.com/timetric/personal-accident-and-health-insurance-new-zealand-key-trends-and-opportunities-2017
Find all Banking and Finance reports under a single page.
No comments:
Post a Comment