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Life Insurance in Scandinavia

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Details

Life Insurance in Scandinavia

Summary

Life Insurance in Scandinavia 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 Scandinavia life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

The Scandinavian life insurance market had total gross written premiums of USD 83.8bn in 2017, representing a compound annual growth rate (CAGR) of 4.6% between 2013 and 2017.

The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of USD 51.2bn, equivalent to 61.1% of the market's overall value.

The market share of the Scandinavian countries reflects penetration rates. Whereas Finland, Denmark, and Sweden all have significantly higher life insurance penetration rates than the European average, Norway has a below average penetration rate and thus only makes up 13.5% of the region's value. According to Swiss Re, the life insurance penetration ratio for Europe was 3.8% of GDP in 2017. Finland's was 8.7%, Denmark 7.5%, Sweden 5.0% and Norway 2.9%.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Scandinavia

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Scandinavia

- Leading company profiles reveal details of key life insurance market players' global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the Scandinavia life insurance market with five year forecasts

Reasons to buy

- What was the size of the Scandinavia life insurance market by value in 2017?

- What will be the size of the Scandinavia life insurance market in 2022?

- What factors are affecting the strength of competition in the Scandinavia life insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in Scandinavia's life insurance market?

READ MORE

Table Of Content

Scope

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 16

Supplier power 17

New entrants 18

Threat of substitutes 20

Degree of rivalry 21

Leading Companies 22

Danica Pension AS 22

Kommunal Landspensjonskasse 26

Nordea Bank AB 29

OP Financial Group 34

Methodology 37

Industry associations 38

Related MarketLine research 38

Appendix 39

About MarketLine 39


List Of Figure

List of Figures

Figure 1: Scandinavia life insurance market value: USD billion, 2013-17

Figure 2: Scandinavia life insurance market category segmentation: % share, by value, 2017

Figure 3: Scandinavia life insurance market geography segmentation: % share, by value, 2017

Figure 4: Scandinavia life insurance market share: % share, by value, 2017

Figure 5: Scandinavia life insurance market value forecast: USD billion, 2017-22

Figure 6: Forces driving competition in the life insurance market in Scandinavia, 2017

Figure 7: Drivers of buyer power in the life insurance market in Scandinavia, 2017

Figure 8: Drivers of supplier power in the life insurance market in Scandinavia, 2017

Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Scandinavia, 2017

Figure 10: Factors influencing the threat of substitutes in the life insurance market in Scandinavia, 2017

Figure 11: Drivers of degree of rivalry in the life insurance market in Scandinavia, 2017

Figure 12: Danica Pension AS: revenues & profitability

Figure 13: Danica Pension AS: assets & liabilities

Figure 14: Kommunal Landspensjonskasse: revenues & profitability

Figure 15: Kommunal Landspensjonskasse: assets & liabilities

Figure 16: Nordea Bank AB: revenues & profitability

Figure 17: Nordea Bank AB: assets & liabilities

Figure 18: OP Financial Group: revenues & profitability

Figure 19: OP Financial Group: assets & liabilities


List Of Table

List of Tables

Table 1: Scandinavia life insurance market value: USD billion, 2013-17

Table 2: Scandinavia life insurance market category segmentation: USD billion, 2017

Table 3: Scandinavia life insurance market geography segmentation: USD billion, 2017

Table 4: Scandinavia life insurance market share: % share, by value, 2017

Table 5: Scandinavia life insurance market value forecast: USD billion, 2017-22

Table 6: Danica Pension AS: key facts

Table 7: Danica Pension AS: key financials (USD )

Table 8: Danica Pension AS: key financials (DKK)

Table 9: Danica Pension AS: key financial ratios

Table 10: Kommunal Landspensjonskasse: key facts

Table 11: Kommunal Landspensjonskasse: key financials (USD )

Table 12: Kommunal Landspensjonskasse: key financials (NOK)

Table 13: Kommunal Landspensjonskasse: key financial ratios

Table 14: Nordea Bank AB: key facts

Table 15: Nordea Bank AB: key financials (USD )

Table 16: Nordea Bank AB: key financials (EUR)

Table 17: Nordea Bank AB: key financial ratios

Table 18: OP Financial Group: key facts

Table 19: OP Financial Group: key financials (USD )

Table 20: OP Financial Group: key financials (EUR)

Table 21: OP Financial Group: key financial ratios

Licence Rights

Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

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Products and Companies


Companies

Danica Pension AS

Kommunal Landspensjonskasse

Nordea Bank AB

OP Financial Group

Company Profile

Company Profile Title

Life Insurance in Scandinavia

Summary

Life Insurance in Scandinavia 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 Scandinavia life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

The Scandinavian life insurance market had total gross written premiums of USD 83.8bn in 2017, representing a compound annual growth rate (CAGR) of 4.6% between 2013 and 2017.

The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of USD 51.2bn, equivalent to 61.1% of the market's overall value.

The market share of the Scandinavian countries reflects penetration rates. Whereas Finland, Denmark, and Sweden all have significantly higher life insurance penetration rates than the European average, Norway has a below average penetration rate and thus only makes up 13.5% of the region's value. According to Swiss Re, the life insurance penetration ratio for Europe was 3.8% of GDP in 2017. Finland's was 8.7%, Denmark 7.5%, Sweden 5.0% and Norway 2.9%.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Scandinavia

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Scandinavia

- Leading company profiles reveal details of key life insurance market players' global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the Scandinavia life insurance market with five year forecasts

Reasons to buy

- What was the size of the Scandinavia life insurance market by value in 2017?

- What will be the size of the Scandinavia life insurance market in 2022?

- What factors are affecting the strength of competition in the Scandinavia life insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in Scandinavia's life insurance market?

READ MORE

Scope

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 16

Supplier power 17

New entrants 18

Threat of substitutes 20

Degree of rivalry 21

Leading Companies 22

Danica Pension AS 22

Kommunal Landspensjonskasse 26

Nordea Bank AB 29

OP Financial Group 34

Methodology 37

Industry associations 38

Related MarketLine research 38

Appendix 39

About MarketLine 39


List Of Figure

List of Figures

Figure 1: Scandinavia life insurance market value: USD billion, 2013-17

Figure 2: Scandinavia life insurance market category segmentation: % share, by value, 2017

Figure 3: Scandinavia life insurance market geography segmentation: % share, by value, 2017

Figure 4: Scandinavia life insurance market share: % share, by value, 2017

Figure 5: Scandinavia life insurance market value forecast: USD billion, 2017-22

Figure 6: Forces driving competition in the life insurance market in Scandinavia, 2017

Figure 7: Drivers of buyer power in the life insurance market in Scandinavia, 2017

Figure 8: Drivers of supplier power in the life insurance market in Scandinavia, 2017

Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Scandinavia, 2017

Figure 10: Factors influencing the threat of substitutes in the life insurance market in Scandinavia, 2017

Figure 11: Drivers of degree of rivalry in the life insurance market in Scandinavia, 2017

Figure 12: Danica Pension AS: revenues & profitability

Figure 13: Danica Pension AS: assets & liabilities

Figure 14: Kommunal Landspensjonskasse: revenues & profitability

Figure 15: Kommunal Landspensjonskasse: assets & liabilities

Figure 16: Nordea Bank AB: revenues & profitability

Figure 17: Nordea Bank AB: assets & liabilities

Figure 18: OP Financial Group: revenues & profitability

Figure 19: OP Financial Group: assets & liabilities


List Of Table

List of Tables

Table 1: Scandinavia life insurance market value: USD billion, 2013-17

Table 2: Scandinavia life insurance market category segmentation: USD billion, 2017

Table 3: Scandinavia life insurance market geography segmentation: USD billion, 2017

Table 4: Scandinavia life insurance market share: % share, by value, 2017

Table 5: Scandinavia life insurance market value forecast: USD billion, 2017-22

Table 6: Danica Pension AS: key facts

Table 7: Danica Pension AS: key financials (USD )

Table 8: Danica Pension AS: key financials (DKK)

Table 9: Danica Pension AS: key financial ratios

Table 10: Kommunal Landspensjonskasse: key facts

Table 11: Kommunal Landspensjonskasse: key financials (USD )

Table 12: Kommunal Landspensjonskasse: key financials (NOK)

Table 13: Kommunal Landspensjonskasse: key financial ratios

Table 14: Nordea Bank AB: key facts

Table 15: Nordea Bank AB: key financials (USD )

Table 16: Nordea Bank AB: key financials (EUR)

Table 17: Nordea Bank AB: key financial ratios

Table 18: OP Financial Group: key facts

Table 19: OP Financial Group: key financials (USD )

Table 20: OP Financial Group: key financials (EUR)

Table 21: OP Financial Group: key financial ratios

Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

Danica Pension AS

Kommunal Landspensjonskasse

Nordea Bank AB

OP Financial Group