BOP Data Collection: December 2015

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 en-NZ