The motor insurance sector accounted for 33.1 percent of the value of all general insurance gross written premiums in New Zealand in 2020. 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.
Share of motor insurance gross written premiums in New Zealand from 2014 to 2020
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). Share of motor insurance gross written premiums in New Zealand from 2014 to 2020 [Graph]. In Statista. Retrieved July 05, 2022, 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 2020." Chart. December 18, 2021. Statista. Accessed July 05, 2022. https://www.statista.com/statistics/1050771/new-zealand-share-of-motor-insurance-gross-written-premiums/
ICNZ. (2021). Share of motor insurance gross written premiums in New Zealand from 2014 to 2020. Statista. Statista Inc.. Accessed: July 05, 2022. 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 2020." Statista, Statista Inc., 18 Dec 2021, 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 2020 Statista, https://www.statista.com/statistics/1050771/new-zealand-share-of-motor-insurance-gross-written-premiums/ (last visited July 05, 2022)
