In financial year 2019, the loss ratio of health insurance providers in New Zealand was 83.4 percent. The total number of lives covered by private health insurance totaled over 1.4 million by the end of the 2019 fiscal year.
Loss ratio of health insurance providers in New Zealand from financial year 2014 to 2019
Note: The loss ratio is calculated as the value of claims paid divided by the income from premiums.
New Zealand's financial year runs from April 1 to March 31; for example, financial year 2017 starts on April 1, 2016 and ends on March 31, 2017.
Data are from the Health Funds Association of New Zealand (HFANZ) - the industry body representing health insurers within New Zealand. Membership is voluntary, with HFANZ members accounting for over 80 percent of private health insurance policies in place in the country.
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HFANZ. (July 16, 2019). Loss ratio of health insurance providers in New Zealand from financial year 2014 to 2019 [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/1051142/new-zealand-health-insurance-loss-ratio/
HFANZ. "Loss ratio of health insurance providers in New Zealand from financial year 2014 to 2019." Chart. July 16, 2019. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/1051142/new-zealand-health-insurance-loss-ratio/
HFANZ. (2019). Loss ratio of health insurance providers in New Zealand from financial year 2014 to 2019. Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/1051142/new-zealand-health-insurance-loss-ratio/
HFANZ. "Loss Ratio of Health Insurance Providers in New Zealand from Financial Year 2014 to 2019." Statista, Statista Inc., 16 Jul 2019, https://www.statista.com/statistics/1051142/new-zealand-health-insurance-loss-ratio/
HFANZ, Loss ratio of health insurance providers in New Zealand from financial year 2014 to 2019 Statista, https://www.statista.com/statistics/1051142/new-zealand-health-insurance-loss-ratio/ (last visited November 04, 2024)
Loss ratio of health insurance providers in New Zealand from financial year 2014 to 2019 [Graph], HFANZ, July 16, 2019. [Online]. Available: https://www.statista.com/statistics/1051142/new-zealand-health-insurance-loss-ratio/
