New Zealand Life Insurance Âé¶¹Ô´´ to 2027
Summary
Life Insurance in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The market is segmented into Life Insurance and Pension/Annuity.
- The New Zealand life insurance market had total gross written premiums of $1.9 billion in 2022, representing a compound annual growth rate (CAGR) of 4.1% between 2017 and 2022.
- The life insurance segment accounted for the market's largest proportion in 2022, with total gross written premiums of $1.6 billion, equivalent to 81.4% of the market's overall value.
- Life insurance coverage in the New Zealand population is relatively low. According to in-house research, in 2022, life insurance penetration (ratio of premiums to GDP) in New Zealand was 1.3%.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance market in New Zealand
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in New Zealand
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the New Zealand life insurance market with five year forecasts
Reasons to Buy
- What was the size of the New Zealand life insurance market by value in 2022?
- What will be the size of the New Zealand life insurance market in 2027?
- What factors are affecting the strength of competition in the New Zealand life insurance market?
- How has the market performed over the last five years?
- How large is New Zealand’s life insurance market in relation to its regional counterparts?
Table of Contents
1 Executive Summary
1.1. Âé¶¹Ô´´ value
1.2. Âé¶¹Ô´´ value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Âé¶¹Ô´´ share
1.6. Âé¶¹Ô´´ rivalry
1.7. Competitive landscape
2 Âé¶¹Ô´´ Overview
2.1. Âé¶¹Ô´´ definition
2.2. Âé¶¹Ô´´ analysis
3 Âé¶¹Ô´´ Data
3.1. Âé¶¹Ô´´ value
4 Âé¶¹Ô´´ Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Âé¶¹Ô´´ Outlook
5.1. Âé¶¹Ô´´ value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Âé¶¹Ô´´ share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What have been the recent developments by the leading players?
8 Company Profiles
8.1. IAG New Zealand Ltd
8.2. QBE Insurance Group Ltd
8.3. Vero Insurance New Zealand Ltd
8.4. Southern Cross Medical Care Society
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Âé¶¹Ô´´Line research
10.4. About Âé¶¹Ô´´Line
List of Tables
List of Tables
Table 1: New Zealand life insurance market value: $ billion, 2017–22
Table 2: New Zealand life insurance market category segmentation: % share, by value, 2017–2022
Table 3: New Zealand life insurance market category segmentation: $ billion, 2017-2022
Table 4: New Zealand life insurance market geography segmentation: $ billion, 2022
Table 5: New Zealand life insurance market value forecast: $ billion, 2022–27
Table 6: New Zealand life insurance market share: % share, by value, 2022
Table 7: IAG New Zealand Ltd: key facts
Table 8: IAG New Zealand Ltd: Key Employees
Table 9: QBE Insurance Group Ltd: key facts
Table 10: QBE Insurance Group Ltd: Annual Financial Ratios
Table 11: QBE Insurance Group Ltd: Key Employees
Table 12: QBE Insurance Group Ltd: Key Employees Continued
Table 13: Vero Insurance New Zealand Ltd: key facts
Table 14: Vero Insurance New Zealand Ltd: Key Employees
Table 15: Southern Cross Medical Care Society: key facts
Table 16: Southern Cross Medical Care Society: Key Employees
Table 17: New Zealand size of population (million), 2018–22
Table 18: New Zealand gdp (constant 2005 prices, $ billion), 2018–22
Table 19: New Zealand gdp (current prices, $ billion), 2018–22
Table 20: New Zealand inflation, 2018–22
Table 21: New Zealand consumer price index (absolute), 2018–22
Table 22: New Zealand exchange rate, 2018–22
List of Figures
List of Figures
Figure 1: New Zealand life insurance market value: $ billion, 2017–22
Figure 2: New Zealand life insurance market category segmentation: $ billion, 2017-2022
Figure 3: New Zealand life insurance market geography segmentation: % share, by value, 2022
Figure 4: New Zealand life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the life insurance market in New Zealand, 2022
Figure 6: Drivers of buyer power in the life insurance market in New Zealand, 2022
Figure 7: Drivers of supplier power in the life insurance market in New Zealand, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in New Zealand, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in New Zealand, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in New Zealand, 2022
Figure 11: New Zealand life insurance market share: % share, by value, 2022
IAG New Zealand Ltd
QBE Insurance Group Ltd
Vero Insurance New Zealand Ltd
Southern Cross Medical Care Society
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*If Applicable.