Gross written premium share for general insurance New Zealand 2021 by business class

Published by Statista Research Department, Apr 3, 2024
In 2021, the motor insurance segment accounted for 33.4 percent of the gross written premiums for the general insurance sector in New Zealand. The value of gross written premiums for the entire general insurance sector totaled approximately 7.3 billion New Zealand dollars in the same period, the highest value recorded in the past five years.

Distribution of gross written premiums for the general insurance sector in New Zealand in 2021 , by business class*

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Source

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Release date

March 2023

Region

New Zealand

Survey time period

year ended September 2021

Supplementary notes

*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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