Insurance
Claims rises outstrip premium increases
Tuesday 4th of March 2025
Life insurance premiums rose to $3.24 billion in calendar 2024 from and $3.16 billion in 2023, a 2.5% increase, and from $2.69 billion in calendar 2019, according to data from the Financial Service Council NZ.
The data shows that claims paid out jumped by $102.4 million to $1.32 billion, an 8.4% increase in the latest year.
The data shows a jump in quarterly claims to $354.4 mil...
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