Personal Accident and Health Insurance in New Zealand, Key Trends and Opportunities to 2018, New Report Launched

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%.

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

Key Highlights

• 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.

Spanning over 243 pages, 157 Tables and 155 Figures “Personal Accident and Health Insurance in New Zealand, Key Trends and Opportunities to 2018” report covering Executive Summary, Introduction, 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. This report Covered 13 Companies - Sovereign Assurance Company Ltd, Southern Cross Healthcare Group, AIA New Zealand, Lumley General Insurance (NZ) Ltd, Tower (NZ) Ltd, AIG Insurance New Zealand Ltd, Allianz New Zealand Ltd, Medical Assurance Society New Zealand, ACE Insurance Ltd, Partners Life Ltd, Cigna Life Insurance New Zealand Ltd, BNZ Life, Westpac New Zealand Ltd.

Know more about this report at : http://mrr.cm/ZnF