New Zealand: value of gross written premiums for motor insurance 2021

The value of gross written premiums for the motor insurance sector in New Zealand amounted to over 2.4 billion New Zealand dollars in 2021, the highest value recorded in the past five years. In the same period, the total value of gross written premiums for the general insurance sector amounted to over 6.8 billion New Zealand dollars.

Value of gross written premiums for the motor insurance sector in New Zealand from 2014 to 2021 (in million New Zealand dollars)

Characteristic	Value in million New Zealand dollars
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Release date

March 2023

More information

Region

New Zealand

Survey time period

2014 to 2021

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 0.64 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.

Values have been rounded.

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