In 2021, the value of gross written premiums for the motor insurance sector in New Zealand amounted to over two billion New Zealand dollars. The value of gross written premiums for the entire general insurance sector totaled approximately 6.9 billion New Zealand dollars in the same period, the highest value recorded in the past five years.
Value of gross written premiums for the general insurance sector in New Zealand in 2021, by business class (in million New Zealand dollars)*
*Data excludes health and life insurance.
Note: According to the source, gross written premium was calculated as the actual premium minus all premium refunds and rebates. Premiums were recorded gross (i.e. no deduction for commissions and brokerage incurred in writing the income). Inclusions: inward treaty and facultative reinsurance, all policy administration fees related to instalment billing and any other policy charges related to the writing and/or renewal of the policy. Exclusions: GST, FSL, and EQC charges.
One New Zealand dollar is equal to approximately 0.64 U.S. dollars and 0.59 euros (as of January 2023).
The source did not provide a date of publication. The date used here was the access date.
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ICNZ. (March 15, 2023). Value of gross written premiums for the general insurance sector in New Zealand in 2021, by business class (in million New Zealand dollars)* [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1050714/new-zealand-value-of-gross-written-premiums-for-general-insurance-by-business-class/
ICNZ. "Value of gross written premiums for the general insurance sector in New Zealand in 2021, by business class (in million New Zealand dollars)*." Chart. March 15, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1050714/new-zealand-value-of-gross-written-premiums-for-general-insurance-by-business-class/
ICNZ. (2023). Value of gross written premiums for the general insurance sector in New Zealand in 2021, by business class (in million New Zealand dollars)*. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1050714/new-zealand-value-of-gross-written-premiums-for-general-insurance-by-business-class/
ICNZ. "Value of Gross Written Premiums for The General Insurance Sector in New Zealand in 2021, by Business Class (in Million New Zealand Dollars)*." Statista, Statista Inc., 15 Mar 2023, https://www.statista.com/statistics/1050714/new-zealand-value-of-gross-written-premiums-for-general-insurance-by-business-class/
ICNZ, Value of gross written premiums for the general insurance sector in New Zealand in 2021, by business class (in million New Zealand dollars)* Statista, https://www.statista.com/statistics/1050714/new-zealand-value-of-gross-written-premiums-for-general-insurance-by-business-class/ (last visited November 21, 2024)
Value of gross written premiums for the general insurance sector in New Zealand in 2021, by business class (in million New Zealand dollars)* [Graph], ICNZ, March 15, 2023. [Online]. Available: https://www.statista.com/statistics/1050714/new-zealand-value-of-gross-written-premiums-for-general-insurance-by-business-class/
