Market report, Nat Cat, News, Non-life, Rates/premiums, Ratings, Reinsurance, Travel

AM Best assigns stable outlook, predicts steady growth for New Zealand’s non-life segment

Despite two record nat cats in 2023, excess-of-loss reinsurance, strong capital adequacy, and inflation should provide stability and growth for NZ non-life market, though constrained reinsurance capacity and hardening of rates could dampen earnings in years to come.

Editorial team

November 13, 2023

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3 min read

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25 September

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.

New Standards.New Stage.Real Recognition. Entries Closing Soon. Apply now → Entries close
25 September