The motor insurance sector accounted for 33.4 percent of the value of all general insurance gross written premiums in New Zealand in 2021. In the same period, the total value of gross written premiums for the general insurance sector amounted to over 7.3 billion New Zealand dollars.
Share of motor insurance gross written premiums in New Zealand from 2014 to 2021
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). Share of motor insurance gross written premiums in New Zealand from 2014 to 2021 [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1050771/new-zealand-share-of-motor-insurance-gross-written-premiums/
ICNZ. "Share of motor insurance gross written premiums in New Zealand from 2014 to 2021." Chart. March 15, 2023. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1050771/new-zealand-share-of-motor-insurance-gross-written-premiums/
ICNZ. (2023). Share of motor insurance gross written premiums in New Zealand from 2014 to 2021. Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1050771/new-zealand-share-of-motor-insurance-gross-written-premiums/
ICNZ. "Share of Motor Insurance Gross Written Premiums in New Zealand from 2014 to 2021." Statista, Statista Inc., 15 Mar 2023, https://www.statista.com/statistics/1050771/new-zealand-share-of-motor-insurance-gross-written-premiums/
ICNZ, Share of motor insurance gross written premiums in New Zealand from 2014 to 2021 Statista, https://www.statista.com/statistics/1050771/new-zealand-share-of-motor-insurance-gross-written-premiums/ (last visited October 30, 2024)
Share of motor insurance gross written premiums in New Zealand from 2014 to 2021 [Graph], ICNZ, March 15, 2023. [Online]. Available: https://www.statista.com/statistics/1050771/new-zealand-share-of-motor-insurance-gross-written-premiums/
