The value of gross written premiums for the earthquake insurance sector in New Zealand amounted to over 747 million New Zealand dollars in 2020, 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 earthquake insurance sector in New Zealand from 2014 to 2020
(in million New Zealand dollars)
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 December 2020).
The source did not provide a date of publication. The date used here was the access date.
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ICNZ. (December 18, 2021). Value of gross written premiums for the earthquake insurance sector in New Zealand from 2014 to 2020 (in million New Zealand dollars) [Graph]. In Statista. Retrieved May 28, 2022, from https://www.statista.com/statistics/1050709/new-zealand-value-of-gross-written-premiums-for-earthquake-insurance/
ICNZ. "Value of gross written premiums for the earthquake insurance sector in New Zealand from 2014 to 2020 (in million New Zealand dollars)." Chart. December 18, 2021. Statista. Accessed May 28, 2022. https://www.statista.com/statistics/1050709/new-zealand-value-of-gross-written-premiums-for-earthquake-insurance/
ICNZ. (2021). Value of gross written premiums for the earthquake insurance sector in New Zealand from 2014 to 2020 (in million New Zealand dollars). Statista. Statista Inc.. Accessed: May 28, 2022. https://www.statista.com/statistics/1050709/new-zealand-value-of-gross-written-premiums-for-earthquake-insurance/
ICNZ. "Value of Gross Written Premiums for The Earthquake Insurance Sector in New Zealand from 2014 to 2020 (in Million New Zealand Dollars)." Statista, Statista Inc., 18 Dec 2021, https://www.statista.com/statistics/1050709/new-zealand-value-of-gross-written-premiums-for-earthquake-insurance/
ICNZ, Value of gross written premiums for the earthquake insurance sector in New Zealand from 2014 to 2020 (in million New Zealand dollars) Statista, https://www.statista.com/statistics/1050709/new-zealand-value-of-gross-written-premiums-for-earthquake-insurance/ (last visited May 28, 2022)
