2026-09-29 · Source: Insurance Business New Zealand
Summary in 3 Points • Global household financial assets reached €268.4 trillion in 2025, with a notable rise in asset prices. • New Zealand ranks seventh globally in household wealth per capita, driven largely by real estate assets. • Insurance and pension assets grew only 5% in 2025, significantly lower than the 12.4% increase in securities. --- According to Allianz Research's Global Wealth Report, global household financial assets surged to €268.4 trillion in 2025, primarily due to rising asset prices. However, real wealth growth was only 23% when adjusted for inflation, highlighting a disparity in purchasing power. New Zealand's household wealth ranks seventh globally when including real estate, with a per capita wealth of €282,020, reflecting a strong property market that outpaced global averages. The report indicates a concerning trend for the insurance sector, as insurance and pension assets grew at just 5%, far below the growth of securities. This shift in household savings towards capital markets poses risks for insurers, particularly in the context of AI-driven market volatility. As households increasingly favour direct market exposure, life insurers and KiwiSaver providers in New Zealand may need to reassess their value propositions to attract younger savers who are focused on equity investments. For the London Insurance Market, the implications of these trends are particularly relevant for the D&O insurance line, as firms navigate the complexities of AI governance and its impact on liability exposures. The London market must adapt to these evolving risks to maintain its competitive edge.
For the London Insurance Market, the implications of these trends are particularly relevant for the D&O insurance line, as firms navigate the complexities of AI governance and its impact on liability exposures. The London market must adapt to these evolving risks to maintain its competitive edge.