New Zealand

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Insurance Council of New Zealand
Web: www.icnz.org.nz

 

POPULATION, 2011-2014 (1)

Year Population
2011 4,290,347
2012 4,327,944
2013 4,365,113
2014 4,401,916

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $118.9
2010 116.5
2011 119.2
2012 123.3
2013 136.0

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $9,219
Life premiums 1,694
Total premiums $10,913
Percent of total world premiums 0.24%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

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LEADING NONLIFE INSURANCE COMPANIES, 2012

  Gross written premiums
Company NZD Mn USD Mn
IAG New Zealand  1,817.9 1,472.8
Vero Insurance  1,126.9 913.0
Lumley General Insurance (NZ)  433.6 351.3
Tower Insurance  211.1 171.0
AIG Insurance NZ  165.0 133.7
Farmers' Mutual Insurance Group  164.2 133.1
Allianz New Zealand  140.6 113.9
ACE Insurance  130.4 105.7
AMI Insurance  112.5 91.2
Medical Insurance Society  74.4 60.3

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company NZD Mn USD Mn
Sovereign Assurance  590.3 484.1
AMP Financial Services  437.1 358.4
Fidelity Life Assurance  206.8 169.6
Asteron Life  192.7 158.0
OnePath  169.4 138.9
Westpac Life lnsurance  117.6 96.4
AlA New Zealand  95.9 78.6
BNZ Life  84.4 69.2
CIGNA Life Insurance 80.7 66.2
Partners Life  70.1 57.5

Source: Axco Insurance Information Services.

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