Data Collection
BOP Data Collection: December 2015
Label
BOP Data Collection: December 2015
en-NZ
Methodology
Methodology
Overseas reinsurance claims from the Canterbury earthquakes
Total international reinsurance claims from all Canterbury earthquakes are estimated at $20.2 billion, unchanged from the September 2015 quarter. We will revise this claim estimate in the June 2016 quarter.
At 31 December 2015, a total of $17.5 billion of these claims had been settled with overseas reinsurers, leaving $2.7 billion of claims outstanding. These outstanding insurance claims are included as assets in New Zealand's international investment position. See the table below for details.
| Updated reinsurance claim estimates | |||
|---|---|---|---|
| Quarter | Reinsurance claims | Settlements | Total outstanding claims at end of period |
| NZ$(million) | |||
| Sep 2010 | 6070 | 0 | 6070 |
| Dec 2010 | 0 | 0 | 6070 |
| Mar 2011 | 13194 | 59 | 6070 |
| Jun 2011 | 872 | 483 | 6070 |
| Sep 2011 | 0 | 892 | 6070 |
| Dec 2011 | 51 | 1193 | 6070 |
| Mar 2012 | 0 | 1361 | 6070 |
| Jun 2012 | 0 | 1399 | 6070 |
| Sep 2012 | 0 | 1362 | 6070 |
| Dec 2012 | 0 | 1514 | 6070 |
| Mar 2013 | 0 | 1010 | 6070 |
| Jun 2013 | 0 | 1373 | 6070 |
| Sep 2013 | 0 | 1343 | 6070 |
| Dec 2013 | 0 | 1051 | 6070 |
| Mar 2014 | 0 | 1184 | 6070 |
| Jun 2014 | 0 | 544 | 6070 |
| Sep 2014 | 0 | 564 | 6070 |
| Dec 2014 | 0 | 505 | 6070 |
| Mar 2015 | 0 | 575 | 6070 |
| Jun 2015 | 0 | 460 | 6070 |
| Sep 2015 | 0 | 273 | 6070 |
| Dec 2015 | 0 | 361 | 6070 |
| Total | 20188 | 17507 | 2682 |
