Insurance in Norway

Introduction

Insurance in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). 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 Norway insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

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 life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. 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 intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.
• The Norwegian insurance market had total gross written premiums of $22.7 billion in 2011, representing a compound annual growth rate (CAGR) of 2.7% between 2007 and 2011.
• The life insurance segment was the market's most lucrative in 211, with total gross written premiums of $12.9 billion, equivalent to 56.9% of the market's overall value.
• The performance of the market is forecast to decelerate, with an anticipated CAGR of 2.2% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $25.3 billion by the end of 2016.

Features

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

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

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 Norway insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Norway economy

Key Questions Answered

What was the size of the Norway insurance market by value in 2011?

What will be the size of the Norway insurance market in 2016?

What factors are affecting the strength of competition in the Norway insurance market?

How has the market performed over the last five years?