Claims Compass, a new bi-annual report from AIA NZ, shows cancer is the root cause of most claims paid out by the firm – with breast cancer topping the list.
Last year it paid $133.9m in life insurance claims for cancer, with $244.1m paid in total cancer claims across all categories in the 12 months to 31 December 2023.
AIA NZ cancer claims in 2023:
- Breast cancer 33.4%
- Melanoma and skin cancers 20.3%
- Bowel cancer 6.5%
- Prostate cancer 6%
- Lung cancer 4.6%
Angela Busby, AIA NZ Chief Customer Officer, says: “The prevalence of these cancers highlights the critical importance of regular screening and taking preventative measures.
“Early detection is the best form of protection and many cancers can be successfully treated if diagnosed early, with an estimated one in three people recovering in New Zealand.”
A 2021 health insights report published by AIA – 5590+ – identified five modifiable behaviours that lead to early death.
- Smoking
- Poor nutrition
- Physical inactivity
- Excess alcohol consumption
- Interaction with the environment
These lead to five non-communicable diseases (NCDs) says Busby. Cancer, respiratory disease, cardiovascular disease, diabetes, and poor mental health that together account for 90% of deaths in the country.
Cancer is the most prevalent NCD with 71 people diagnosed every day in New Zealand.
“Our claims data shows the case for investing in health promotion and prevention of cancer and other NCDs is stronger than ever. They’re the main cause of death and disability worldwide, yet the main risk factors associated with them are largely preventable,” says Busby.
Click here to download AIA NZ Claims Compass.