Overview

Picture of health: Rising premiums have boosted revenue, despite declining memberships

IBISWorld’s Health Insurance in New Zealand market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Health Insurance industry has recorded steady growth over the past five years. Rising premiums have underpinned industry growth over the period. Industry operators have reported an increasing volume of claims paid over the past five years, on the back of a rising population aged 50 and over. This has forced health insurers to raise premiums to maintain profitability. Industry operators have also recorded growth despite private health insurance membership numbers declining over the past five years. Industry revenue is expected to increase at an annualised 4.2% over the five years through 2017-18, to total $1.5 billion. Younger demographics taking up private health insurance through employer-subsidised group plans is expected to contribute to industry revenue growing by 5.5%...

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What is the Health Insurance in New Zealand industry?

The Health Insurance industry has grown consistently over the past five years on the back of steadily rising premiums. The industry has faced challenges, with a greater population aged 50 and older increasing the cost of claims and putting a strain on profitability for industry operators. Private health insurance membership numbers also fell over the period, constraining revenue growth. However, industry operators have supported growth by raising premiums to cover the rising claims paid and the increasing cost of healthcare services. Private health expenditure has also grown as a proportion of total health expenditure, highlighting the increasing significance of private health funding to the New Zealand health system. Industry revenue is expected to rise at an annualised 4.2% o...

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New Zealand Special Report

Products & Brands

Major products in this industry
Elective surgery cover
Comprehensive cover
Minor medical cover

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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