Insurance in Finland
October 2018
43
About the Report
About the Report
Insurance in Finland
Summary
Insurance in Finland industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Finland insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Key Highlights
- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.
- The Finnish insurance market had total gross written premiums of USD 26.1bn in 2017, representing a compound annual growth rate (CAGR) of 1.2% between 2013 and 2017.
- The life segment was the market's most lucrative in 2017, with total gross written premiums of USD 21.4bn, equivalent to 81.7% of the market's overall value.
- OECD shows that Finnish average annual wages adjusted for inflation grew by 1.2% between 2013 and 2017. The European Central Bank (ECB) set its interest rate at 0% in October 2016, leading to reduced attractiveness of insurance products as well as decreasing companies' investment income. In 2016 life insurers' premium income shrank as much as 28% due to poor sales revenue from unit-linked insurance products.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Finland
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Finland
- Leading company profiles reveal details of key insurance market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Finland insurance market with five year forecasts
Reasons to buy
- What was the size of the Finland insurance market by value in 2017?
- What will be the size of the Finland insurance market in 2022?
- What factors are affecting the strength of competition in the Finland insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Finland's insurance market?
Products
Products
Financial Services, Insurance, MarketLine, Finland
Companies
Danske Bank A/S
Nordea Bank AB
OP Financial Group
Saastopankkiryhma
Table of Contents
Table of Contents
Table of Contents
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 9
Market value 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market share 12
Market Outlook 13
Market value forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 15
Supplier power 17
New entrants 19
Threat of substitutes 21
Degree of rivalry 22
Leading Companies 24
Danske Bank A/S 24
Nordea Bank AB 29
OP Financial Group 34
Saastopankkiryhma 37
Macroeconomic Indicators 38
Country data 38
Methodology 40
Industry associations 41
Related MarketLine research 41
Appendix 42
About MarketLine 42
List of Figure
List of Tables
Table 1: Finland insurance market value: USD billion, 2013-17
Table 2: Finland insurance market category segmentation: USD billion, 2017
Table 3: Finland insurance market geography segmentation: USD billion, 2017
Table 4: Finland insurance market share: % share, by value, 2017
Table 5: Finland insurance market value forecast: USD billion, 2017-22
Table 6: Danske Bank A/S: key facts
Table 7: Danske Bank A/S: key financials (USD )
Table 8: Danske Bank A/S: key financials (DKK)
Table 9: Danske Bank A/S: key financial ratios
Table 10: Nordea Bank AB: key facts
Table 11: Nordea Bank AB: key financials (USD )
Table 12: Nordea Bank AB: key financials (EUR)
Table 13: Nordea Bank AB: key financial ratios
Table 14: OP Financial Group: key facts
Table 15: OP Financial Group: key financials (USD )
Table 16: OP Financial Group: key financials (EUR)
Table 17: OP Financial Group: key financial ratios
Table 18: Saastopankkiryhma: key facts
Table 19: Finland size of population (million), 2013-17
Table 20: Finland gdp (constant 2005 prices, USD billion), 2013-17
Table 21: Finland gdp (current prices, USD billion), 2013-17
Table 22: Finland inflation, 2013-17
Table 23: Finland consumer price index (absolute), 2013-17
Table 24: Finland exchange rate, 2013-17
List of Table
List of Figures
Figure 1: Finland insurance market value: USD billion, 2013-17
Figure 2: Finland insurance market category segmentation: % share, by value, 2017
Figure 3: Finland insurance market geography segmentation: % share, by value, 2017
Figure 4: Finland insurance market share: % share, by value, 2017
Figure 5: Finland insurance market value forecast: USD billion, 2017-22
Figure 6: Forces driving competition in the insurance market in Finland, 2017
Figure 7: Drivers of buyer power in the insurance market in Finland, 2017
Figure 8: Drivers of supplier power in the insurance market in Finland, 2017
Figure 9: Factors influencing the likelihood of new entrants in the insurance market in Finland, 2017
Figure 10: Factors influencing the threat of substitutes in the insurance market in Finland, 2017
Figure 11: Drivers of degree of rivalry in the insurance market in Finland, 2017
Figure 12: Danske Bank A/S: revenues & profitability
Figure 13: Danske Bank A/S: assets & liabilities
Figure 14: Nordea Bank AB: revenues & profitability
Figure 15: Nordea Bank AB: assets & liabilities
Figure 16: OP Financial Group: revenues & profitability
Figure 17: OP Financial Group: assets & liabilities
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