News Non-Life04 Dec 2017

New Zealand:Profit margins fall over the past year to 30 June 2017

| 04 Dec 2017

Gross earned premiums in the insurance industry increased by 9% over the year to June 2017 to NZ$9.1 billion (US$6.3 billion), whereas gross incurred claims increased by 52% to NZ$8 billion, according to the Reserve Bank of New Zealand (RBNZ) in its latest biannual Financial Stability Report.

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