Non-Life Insurance in New Zealand, Key Trends and Opportunities to 2018, New Report Launched

Non-life insurance was the largest segment in the insurance industry during the review period (2009–2013) and accounted for 52.3% of the total gross written premium generated in 2013. The non-life segment’s gross written premium increased at a compound annual growth rate (CAGR) of 7.8% in 2013. Property insurance was the largest non-life insurance category, and accounted for 41.8% of the segment’s gross written premium value in 2013.

The report provides in depth market analysis, information and insights into New Zealand non-life insurance segment, including:

• New Zealand non-life insurance segment’s growth prospects by non-life insurance categories
• Key trends and drivers for the non-life insurance segment
• The various distribution channels in New Zealand non-life insurance segment
• The detailed competitive landscape in the non-life insurance segment in New Zealand
• Detailed regulatory policies of New Zealand insurance industry
• A description of the non-life reinsurance segment in New Zealand
• Porter's Five Forces analysis of the non-life insurance segment

Scope

This report provides a comprehensive analysis of the non-life insurance segment in New Zealand:

• It provides historical values for New Zealand’s non-life 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 non-life 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 non-life insurance products in New Zealand.
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in New Zealand for the non-life insurance segment.
• It provides a detailed analysis of the reinsurance segment in New Zealand and its growth prospects.
• It profiles the top non-life 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 non-life insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within New Zealand non-life insurance segment
• Assess the competitive dynamics in the non-life 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

Key Highlights

• New Zealand occupied 11th place in terms of GDP at current prices among countries in the Asia-Pacific region in 2013.
• Non-life insurance was the largest segment in the insurance industry during the review period (2009–2013) and accounted for 52.3% of the total gross written premium generated in 2013.
• The penetration level of non-life insurance in New Zealand was 2.49% in 2013, which is higher than many countries in the same region such as Australia, which recorded 1.98% in 2013.
• New IPSA standards requiring companies to maintain higher catastrophe risk capital charges and a minimum capital requirement pose a challenge for small and medium-sized insurers.
• The affordability of reinsurance has become a concern for the insurance industry, and has resulted in the exit of some insurers.
• E-commerce was the fastest-growing distribution channel during the review period, with a CAGR of 11.5%. The rise in internet use is expected to drive demand for non-life insurance over the forecast period.

Spanning over 293 pages, 215 Tables and 198 Figures “Non-Life Insurance in New Zealand, Key Trends and Opportunities to 2018” report covering Executive Summary, Introduction, New Zealand Insurance Industry Attractiveness, Non-Life Insurance Outlook, Analysis by Distribution Channel, Porter’s Five Forces Analysis – New Zealand Non-Life Insurance, Reinsurance Growth Dynamics and Challenges, Governance, Risk and Compliance, Competitive Landscape and Strategic Insights, Business Environment and Country Risk, Appendix. This report Covered 10 Companies - IAG New Zealand Ltd, Vero Insurance New Zealand Ltd, AMI Insurance Ltd, Lumley General Insurance (NZ) Ltd, Tower (NZ) Ltd, FMG Insurance Ltd, AIG Insurance New Zealand Ltd, Allianz New ‎Zealand Ltd, Medical Assurance Society New Zealand Ltd, ACE Insurance Ltd.

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