Bancassurance Boost Non Life Insurance in Denmark: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The growth in Denmark’s insurance industry has gained pace in recent times owing to economic recovery by the country, better deals offered by insurance companies, and encouragement of foreign direct investment in the insurance sector. Ken Research in its recently published report on “Non-Life Insurance in Denmark, Key Trends and Opportunities to 2020” forecasts bright growth prospects in the non-life insurance segment which is the second largest segment in the Danish insurance industry. Thanks to economic recovery, people having adequate disposable incomes will buy more automobiles and invest in property. And, it is this growth in the automobile and property markets, which is going to drive growth in the non-life insurance segment. In the non-life insurance segment, property insurance generates the maximum revenue followed by motor insurance. Analysts at Ken Research think that the mandatory safety insurance for property damage such as fire accidents will drive the insurance industry. Another growth driver is the huge market for non-life insurance related to commercial planes and flights. Amendments in the Danish Air Navigation Act have made third-party liability insurance mandatory covering persons or property for commercial drone flights. In future, there will be more third-part liability insurances for corporate and residential spaces. But the major demand would come from defence and security and the automotive industry. Other growth drivers include marine, health, commercial and travel industry. Bancassurance dominates as a medium of direct marketing of non-life insurance products. However, bancassurance will receive direct challenge from other insurance agencies which do not operate under bank settings. These companies are increasingly using the Internet and smart phone apps to reach the consumer and increase their presence in the non-life insurance market. The Internet will help in increasing the consumer awareness and knowledge about non-life insurance products and thus will generate new market avenues for the insurance industry. The Danish non-life insurance market is a highly competitive landscape with leading companies accounting for a lion’s share of this market. To give competition to the established players, new companies must offer more benefits to consumers by introducing innovative policies. Overall, the Denmark non-life insurance industry is expected to grow at a decent CAGR. The major factors driving the industry include rising disposable incomes of people, government regulations for mandatory safety insurance, competitive and innovative market space, and growth in health, marine, commercial and travel industry. Major Players of the Industry Tryg Forsikring A/S Codan Forsikring A/S Topdanmark Forsikring A/S Alm. Brand Forsikring A/S Sygeforsikringen “danmark”, gs. LB Forsikring A/S Alka, Forsikrings-Aktieselskabet GF-Forsikring A/S Qudos Insurance A/S Alpha Insurance A/S For more coverage on the topic visit the link:https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/non-life-insurance-denmark-key-trends/86265-93.html Related Reports Non-Life Insurance in Egypt, Key Trends and Opportunities to 2020 2017 Top 5 Travel Insurance Manufacturers in North America, Europe, Asia-Pacific, South America, Middle East and Africa Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124- 4230204 www.kenresearch.com Tags: Denmark automobile insurance industry research, Denmark General Insurance Industry, Denmark General insurance regulations, Denmark Insurance sector Outlook, Denmark non- life insurance market research, Health insurance demand Denmark, Motor insurance market research Denmark, Non-life insurance industry Denmark, Non-Life insurance sector trends Denmark, Property insurance sector Denmark