Personal Accident And Health Insurance Demand In New Zealand: Ken Research
Ken Research has announced its
distribution on, “Personal
Accident and Health Insurance in New Zealand, Key Trends and Opportunities to
2020” which
provides a detailed outlook
by product category for the New Zealand personal accident and health insurance
segment, and a comparison of the New Zealand insurance industry with its
regional counterparts.
The report furnishes
values for key performance indicators such as written premium, incurred loss,
loss ratio, commissions and expenses, combined ratio, total assets and total
investment income during the review period (2011-2015) and forecast period
(2015-2020).
It gives a comprehensive overview of the New Zealand economy and
demographics, and provides detailed information on the competitive landscape in
the country.
It also includes the
details of insurance regulations, and recent changes in the regulatory
structure and offers a detailed analysis of the
key categories in the New Zealand personal accident and health insurance
segment, and market forecasts to 2020.
It
helps to 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 and enables the users to comprehend the demand-side
dynamics, key market trends and growth opportunities in the New Zealand personal accident and health insurance segment.
Through this report,
a user can properly gain insights into key
regulations governing the New Zealand insurance industry, and their impact on
companies and the industry's future as well as have access to proper analysis
of the competitive dynamics.
Economic Outlook
With the
introduction of the Insurance Prudential Supervision Act (IPSA) in 2010, all
insurers were required to maintain consent with solvency standards and
appropriate risk management policies in New Zealand.
Unsustainable levels
of public spending on healthcare and an increase in healthcare costs have
commenced the reforms in the health segment, further induced the government to
behold the role of private insurance.
The personal accident
and health segment reckoned for 32.7% of the industry's direct written premium
in 2015.
The growth
prospective of the segment drove competitors to develop their distribution
channels, adopt cost control measures and collaborate with other businesses to
expand their product portfolios and market reach.
On November 25,
2016, the Accident Compensation Corporation (ACC) increased the contribution of
treatment providers by 2.2% and further this is expected to improve the
prevailing number of insurance takers.
The personal accident
and health insurance sector is expected to ameliorate at an ever growing CAGR
year after year with increased awareness amongst the people and their evolving
needs for getting insured against their lives which mean a lot to them.
Insurance will soon
be treated as a tool to curb losses that one has to suffer otherwise especially
in cases of families having a sole earner.
Companies Covered
Sovereign Assurance
Company Ltd, Southern Cross Healthcare Group, AIA New Zealand, IAG New Zealand
Ltd , Tower Insurance (NZ) Ltd, AIG Insurance New Zealand Ltd, Allianz New
Zealand Ltd, Medical Insurance Society Ltd, ACE Insurance Ltd, Partners Life
Ltd,
Key Factors Considered in the Report
Global Non-Life
Insurance Industry
New Zealand Non-
Life Insurance Market Research
Non-Life Insurance
Sector Trends New Zealand
New Zealand General
Insurance Regulations
Health Insurance
Market Research New Zealand
Health Insurance
Demand New Zealand
Personal Accident
Insurance Industry New Zealand
Personal Accident
Insurance Gross Written Premium New Zealand
Health Insurance
Gross Written Premium New Zealand
For more coverage click on the link below:
Related links:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
Ankur@kenresearch.com
+91-9015378249
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