Life Insurance Industry Spotlight September 2023

1 min read
February 12, 2024

The FSC publishes Life Insurance Data quarterly, with the September 2023 snapshot now available.

Insights from this quarter are:

  • Since 2011, there has been a significant growth on Trauma becoming the second largest product by covers. Accidental Death is still the biggest product but has had limited fluctuation over time. On the other hand, Traditional and Credit Insurance have been decreasing.
  • In terms of Channel split, since collecting data in 2020 it has had little variation. With 60% coming from advisers, over 20% from banks and the rest between direct and group. The number of Covers from group share of the total has increased, taking over from those coming from banks.
  • By gender, we have about 60% males compared to 30% females (10% missing is unknown).

PC16263 SPOTLIGHT Life SEP 2023_page-0001

The downloadable version of the September 2023 industry spotlight is available here.



For media enquiries:

Richard Klipin
Chief Executive Officer
Financial Services Council of New Zealand
021 0233 5414 or