LIFE AND ACCIDENT INSURANCE.

Press, Volume LVIII, Issue 17418, 31 March 1922, Page 8

LIFE AND ACCIDENT INSURANCE.

NEW ZEALAND STATISTICS. The statistics of lifo and accident insurance business compiled by the Census and Statistics Office for 1920 show that there were 12 offices doing business in the Dominion in that year, and of these five also transacted industrial business in addition to orcKn.iry life insurance. The sums assured in each of five years compare as under Year. Ordinary. Industrial. Total.

The new business written in 1920 totalled £3,319,8-48, and the total income lor the year amounted to £2,652,205, a3 compared with £2,586,275 in 1910, and £2,257,171 in 1918, Renewal premiums amounted to £1,477,403, an increase of £157,589 as compared with 1119. Tho outgo in 1920 amounted to £1,998,182, aa against £1,751,373 in 1919 and £2,103,92) in 1918. Tho figures for death claims reflect a return after, the influenza epidemic and ravages of war to normal conditions. Tile death claims ior the five years are appended:— Year. Death claims. £ 1916 .. .. .. 776,249 1917 .. .. .. 857.365 1918 1,181,478 1919 .. .. .. 791,216 1920 .. .. .. 582,233 The inoome in the industrial department in 1920 totalled £347,972, as compared with £303,686 in 1919, and £264,020 in 1918. The outio amounted to ?207,436, against £186,917 in 1919 and £166,081 in 1918 A total cf 34 offices conducted accident business in 1920, is against 85 in 1919. No figures are as yet available regarding the various classes of accident business underwritten. The receipts cf the 34 companies in 3920 amounted to £540.551, as against £456,054 in 1919, and £363.G73 ir 1919. The expenditure totalled £154,942, ns.against £398,526 in 1919 and £"25,724 in 1918. The total number of policies existing on December 31st, 19"0, nnd the sum assured by each office aro given below:—

The A.M.P. pnd the Government Insurance Department hold the larger proportion of tho sums' assured, and of tJie 186,190 policies m existence at the close of tho year 1920, these two offices held 110,GR7.

£ £ £ 1916 .. 42,153,414 3,183,911 «,333,425 JS17 .. 42,885,433 3,532,075 46,417,538 1918 ... 45,343,020 3,993,256 49,341,276 1919 .. 49,072,403 4,611,568 53,653,976 1920 .. 63,190,035 5,313.93S 5S,303,973

No. of , Sum Policies. Assured. A us. T. and 6. .. -9,193 1,335,056 A.M.P. .. 58.3GG 20,068,569 Aust. Provincial .. 2,749 762,995 Ctlon'al Mutual .. 8,913 1,609,475 898,803 Equitable U.S.A. .. 1,109 Mutual Life .. 19,480 4,715,934 National Mutual .. 22,103 7,051,421 Xew York Life 524 201,942 Norwich Union. .. 1,932 1,330,094 774,748 Provincial Life .. 4,403 Yorkshire . 92 16,701 Government Lifi .. 67,321 14,924,147 186,190 53,190,035