New Zealand Insurance, Companies & Insurance Quote
Insurance in New Zealand offers comprehensive insurance in major areas of life through various companies as well as banks and the insurance includes life, health, car, house and its contents. Insurance helps in guarding against uncertainty.
As per the insurance council here vandalism, burglary as well as vehicle related crime has resulted to over a billion dollars insurance claims since 1999 and the weather linked claims as well as natural disasters are nearly 650 million in the same year.
The insurance sector is dominated by major foreign insurance companies. New Zealand ranks 28th position in the world insurance market. New Zealand showed a gross income from the general insurance reaching more than $3 billion representing $2.6billion net income.
The motor vehicle cover business accounted to 36%, the domestic insurance to 23% and 14% represent the commercial property insurance. The life insurance accounted to $1.48 billion from premiums paid on policies accounting to $837 million.
There are several companies dealing with insurance in New Zealand and to find the suitable ones meeting the needs as well as financial liabilities is essential.
Some of the popular companies handling New Zealand insurance are ACE Insurance Ltd, AMI Insurance Ltd, Southern Cross Healthcare, State Insurance, AIG New Zealand, Farmers Mutual Group, Sovereign, Vero Insurance New Zealand Ltd, Tower Insurance Limited and Southern Cross Healthcare.
The government offers insurance in New Zealand through the government and state insurance offices that covers fire, accident and marine insurance. The highest life insurance policies value is received from New Zealand. In fact, life insurance offices are also association with pension as well as superannuation funds management.
The insurance market in New Zealand is very competitive with 50 general insurers and the top five accounts for over 70% of total premiums.
The insurance providers in New Zealand include AC&L, subsidiary of AXA Group, AIG offers high quality financial products, AMP, Asteron Life and AXA Austrlia are some of the best offering New Zealand insurance products and services to the satisfaction of their customers.
There are many more companies offering insurance in New Zealand and are doing successful business in life insurance. Insurance providers in New Zealand cover various products such as domestic buildings, contents, garage and also the swimming pool.