Gross written premium value for domestic insurance New Zealand 2014-2019

The value of gross written premiums for the domestic insurance sector in New Zealand amounted to approximately 1.9 billion New Zealand dollars in 2019, the highest value recorded in the past five years. Included in this value were domestic building and contents insurance premiums. In the same period, the total value of gross written premiums for the general insurance sector amounted to over 6.3 billion New Zealand dollars.

Value of gross written premiums for the domestic insurance sector in New Zealand from 2014 to 2019

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Source

Release date

December 2020

Region

New Zealand

Survey time period

2014 to 2019

Special properties

years ended September

Supplementary notes

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 0.70 U.S. dollars and 0.58 euros (as of September 2020).

The source did not provide a date of publication. The date used here was the access date.

Values have been rounded.

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