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Synopsis
Timetric’s 'Personal Accident and Health Insurance in New Zealand, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the New Zealand personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the New Zealand economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s 'Personal Accident and Health Insurance in New Zealand, Key Trends and Opportunities to 2019' 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 category

- Key trends, drivers and challenges for the personal accident and health insurance segment

- A comprehensive overview of the New Zealand economy and demographics

- Details of the competitive landscape in the personal accident and health insurance segment in New Zealand

- Details of regulatory policy applicable to the New Zealand insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in New Zealand:

- It provides historical values for the New Zealand personal accident and health insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the New Zealand personal accident and health insurance segment, and market forecasts to 2019.

- It analyzes the various distribution channels for personal accident and health insurance products in New Zealand.

- 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 in the New Zealand personal accident and health insurance segment.

- Assess the competitive dynamics in the personal accident and health insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the New Zealand insurance industry, and their impact on companies and the industry's future.

Key Highlights
- The largest category in the personal accident and health segment was personal accident insurance, which accounted for a 58.3% share of the segment’s total written premiums in 2014.

- The segment’s growth was supported by a rise in healthcare expenditure, GDP growth, increasing public awareness of the benefits of private health insurance and an increase in outbound travel.

- The travel insurance category contributed to the growing personal accident and health segment, with a review-period CAGR of 6.1%.

- In terms of gross written premium, the health insurance category recorded the fastest growth at a review-period CAGR of 6.2%.

- Private health insurers complement the public healthcare system and provide additional and elective treatments or specialist consultations.

Table Of Contents

Personal Accident and Health Insurance in New Zealand, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Personal Accident and Health Insurance Segment Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Personal Accident and Health Insurance Growth Prospects by Category
5.4.1 Personal accident insurance
5.4.2 Travel insurance
5.4.3 Health insurance
5.4.4 Non-life health insurance
5.4.5 Life health insurance
6 Analysis by Distribution Channel
6.1 Brokers and financial advisers
6.2 Bancassurance
6.3 E-Commerce
6.4 Other Channels
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the New Zealand Personal Accident and Health Insurance Segment
7.2.1 Sovereign Assurance Company Ltd - company overview
7.2.2 Southern Cross Healthcare Group - company overview
7.2.3 AIA New Zealand - company overview
7.2.4 IAG New Zealand Ltd - company overview
7.2.5 Tower Insurance (NZ) Ltd - company overview
7.2.6 AIG Insurance New Zealand Ltd - company overview
7.2.7 Allianz New ?Zealand Ltd - company overview
7.2.8 Medical Insurance Society Ltd - company overview
7.2.9 ACE Insurance Ltd - company overview
7.2.10 Partners Life Ltd - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors (IAIS)
8.5.2 Reserve Bank of New Zealand
8.5.3 Insurance Council of New Zealand
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer


List of Tables
Table 1: New Zealand Personal Accident and Health Insurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: New Zealand Government Credit Ratings
Table 4: New Zealand Personal Accident and Health Insurance - Gross Written Premium by Category (NZD Million), 2010-2014
Table 5: New Zealand Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 6: New Zealand Personal Accident and Health Insurance - Gross Written Premium by Category (NZD Million), 2014-2019
Table 7: New Zealand Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 8: New Zealand Personal Accident and Health Insurance - Direct Written Premium by Category (NZD Million), 2010-2014
Table 9: New Zealand Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
Table 10: New Zealand Personal Accident and Health Insurance - Direct Written Premium by Category (NZD Million), 2014-2019
Table 11: New Zealand Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
Table 12: New Zealand Personal Accident and Health Insurance - Paid Claims (NZD Billion), 2010-2014
Table 13: New Zealand Personal Accident and Health Insurance - Paid Claims (NZD Billion), 2014-2019
Table 14: New Zealand Personal Accident and Health Insurance - Incurred Loss (NZD Billion), 2010-2014
Table 15: New Zealand Personal Accident and Health Insurance - Incurred Loss (NZD Billion), 2014-2019
Table 16: New Zealand Personal Accident and Health Insurance - Total Assets (NZD Billion), 2010-2014
Table 17: New Zealand Personal Accident and Health Insurance - Total Assets (NZD Billion), 2014-2019
Table 18: New Zealand Personal Accident Insurance - Direct Written Premium (NZD Billion), 2010-2014
Table 19: New Zealand Personal Accident Insurance - Direct Written Premium (NZD Billion), 2014-2019
Table 20: New Zealand Travel Insurance - Direct Written Premium (NZD Million), 2010-2014
Table 21: New Zealand Travel Insurance - Direct Written Premium (NZD Million), 2014-2019
Table 22: New Zealand Health Insurance - Gross Written Premium by Sub-Category (NZD Million), 2010-2014
Table 23: New Zealand Health Insurance - Gross Written Premium by Sub-Category (US$ Million), 2010-2014
Table 24: New Zealand Health Insurance - Gross Written Premium by Sub-Category (NZD Million), 2014-2019
Table 25: New Zealand Health Insurance - Gross Written Premium by Sub-Category (US$ Million), 2014-2019
Table 26: New Zealand Non-Life Health Insurance - Direct Written Premium (NZD Billion), 2010-2014
Table 27: New Zealand Non-Life Health Insurance - Direct Written Premium (NZD Billion), 2014-2019
Table 28: New Zealand Life Health Insurance - Number of Policies Sold (Thousand), 2010-2014
Table 29: New Zealand Life Health Insurance - Number of Policies Sold (Thousand), 2014-2019
Table 30: New Zealand Life Health Insurance - Direct Written Premium (NZD Million), 2010-2014
Table 31: New Zealand Life Health Insurance - Direct Written Premium (NZD Million), 2014-2019
Table 32: New Zealand Personal Accident and Health Insurance - Number of Banking Entities, 2010-2014
Table 33: New Zealand Personal Accident and Health Insurance - Number of Banking Entities, 2014-2019
Table 34: Key Insurers in the New Zealand Personal Accident and Health Insurance Segment, 2014
Table 35: Sovereign Assurance Company Ltd - Key Facts
Table 36: Sovereign Assurance Company Ltd - Key Financials (NZD Million)
Table 37: Southern Cross Healthcare Group - Key Facts
Table 38: AIA New Zealand - Key Facts
Table 39: IAG New Zealand Ltd - Key Facts
Table 40: Tower Insurance (NZ) Ltd - Key Facts
Table 41: Tower Insurance (NZ) Ltd - Key Financials (NZD Million)
Table 42: AIG Insurance New Zealand Ltd - Key Facts
Table 43: Allianz New ?Zealand Ltd - Key Facts
Table 44: Medical Assurance Society Ltd - Key Facts
Table 45: Medical Assurance Society Ltd - Key Financials (NZD Million)
Table 46: ACE Insurance Ltd - Key Facts
Table 47: Partners Life Ltd - Key Facts
Table 48: New Zealand - Insurance Regulatory Framework Key Features
Table 49: New Zealand - Life Insurance Regulatory Framework
Table 50: New Zealand - Property Insurance Regulatory Framework
Table 51: New Zealand - Motor Insurance Regulatory Framework
Table 52: New Zealand - Liability Insurance Regulatory Framework
Table 53: New Zealand - Capital Requirements for Establishment of Insurance Companies
Table 54: New Zealand - Corporate Taxes for Financial Year 2015


List of Figures
Figure 1: New Zealand Real GDP (US$ Billion), 2010-2019
Figure 2: NZD - US$ Exchange Rate, 2010-2019
Figure 3: New Zealand Consumer Price Inflation, 2010-2019
Figure 4: New Zealand Current Account Balance as Percentage of GDP (%), 2010-2014
Figure 5: New Zealand Unemployment Rate, 2010-2019
Figure 6: New Zealand Population by Age Group, 1990-2025
Figure 7: New Zealand Personal Accident and Health Insurance - Gross Written Premium by Category (NZD Million), 2010-2019
Figure 8: New Zealand Personal Accident and Health Insurance - Gross Written Premium by Category (% Share), 2014 and 2019
Figure 9: New Zealand Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 10: New Zealand Personal Accident and Health Insurance - Direct Written Premium by Category (NZD Million), 2010-2019
Figure 11: New Zealand Personal Accident and Health Insurance - Direct Written Premium by Category (% Share), 2014 and 2019
Figure 12: New Zealand Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 13: New Zealand Personal Accident and Health Insurance Paid Claims (NZD Billion), 2010-2014
Figure 14: New Zealand Personal Accident and Health Insurance Paid Claims (NZD Billion), 2014-2019
Figure 15: New Zealand Personal Accident and Health Insurance - Incurred Loss (NZD Billion), 2010-2014
Figure 16: New Zealand Personal Accident and Health Insurance - Incurred Loss (NZD Billion), 2014-2019
Figure 17: New Zealand Personal Accident and Health Insurance - Total Assets (NZD Billion), 2010-2014
Figure 18: New Zealand Personal Accident and Health Insurance - Total Assets (NZD Billion), 2014-2019
Figure 19: New Zealand Personal Accident and Health Insurance Penetration (Ratio of Direct Premiums to GDP), 2010-2014
Figure 20: New Zealand Personal Accident and Health Insurance - Density (Direct Premium per Capita), 2010-2014
Figure 21: New Zealand Personal Accident Insurance - Direct Written Premium (NZD Billion), 2010-2014
Figure 22: New Zealand Personal Accident Insurance - Direct Written Premium (NZD Billion), 2014-2019
Figure 23: New Zealand Travel Insurance - Direct Written Premium (NZD Million), 2010-2014
Figure 24: New Zealand Travel Insurance - Direct Written Premium (NZD Million), 2014-2019
Figure 25: New Zealand Health Insurance - Gross Written Premium by Sub-Category (NZD Million), 2010-2019
Figure 26: New Zealand Health Insurance - Gross Written Premium Dynamics by Sub-Category, 2010-2019
Figure 27: New Zealand Non-Life Health Insurance - Direct Written Premium (NZD Billion), 2010-2014
Figure 28: New Zealand Non-Life Health Insurance - Direct Written Premium (NZD Billion), 2014-2019
Figure 29: New Zealand Life Health Insurance - Number of Policies Sold (Thousand), 2010-2014
Figure 30: New Zealand Life Health Insurance - Number of Policies Sold (Thousand), 2014-2019
Figure 31: New Zealand Life Health Insurance - Direct Written Premium (NZD Million), 2010-2014
Figure 32: New Zealand Life Health Insurance - Direct Written Premium (NZD Million), 2014-2019
Figure 33: New Zealand Personal Accident and Health Insurance - Number of Banking Entities, 2010-2014
Figure 34: New Zealand Personal Accident and Health Insurance - Number of Banking Entities, 2014-2019
Figure 35: New Zealand - Insurance Supervision and Control at Various Levels
Figure 36: New Zealand - Insurance Regulatory Frameworks for Company Registration and Operation

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