Denmark Insurance Report Q2 2016

Denmark Insurance Report Q2 2016

BMI View: Conditions remain broadly favourable in Denmark's insurance sector. Demographics and the introduction of innovative products are boosting sales of health insurance. At a time of low interest rates and volatile financial markets, the life insurers appear to be capturing business from banks and other conduits for organised savings. We look for life and non-life premiums to grow by 4% and 3% respectively, both through 2016 and annually through the remainder of the forecast period. The main downside risks are in the non-life segment and come from price competition - particularly in the motor vehicle and property insurance sub-sectors. Latest Updates And Forecasts

Denmark's life insurance segment is closely linked to the country's sophisticated pensions system, which is very highly regarded in global terms. The life insurers benefit from the ageing demographics, their ability to develop attractive products, access to capital, multi-channel distribution and brand. At a time that interest rates are very low and financial markets have been volatile, the life insurers should capture business from banks and other conduits for organised savings. We look for premiums to rise by around 4% annually through the forecast period and remain of the view that the risks are to the upside.

BMI Industry View
Table: Headline Insurance Forecasts (Denmark 2013-2020)
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Denmark 2013-2020)
Table: Life Insurance Claims (Denmark 2008-2015)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Denmark 2013-2020)
Table: Non-Life Insurance Claims (Denmark 2009-2015)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Denmark 2013-2020)
Insurance Risk/Reward Index
Developed States Insurance Risk/Reward Index
Table: Developed States Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
The Product Offering
Table: Life Premiums (USDmn), 2007-2013
The Competitive Landscape
Table: Life Market Shares (%), 2007-2013
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Table: Non-Life Premiums (USDmn) 2007-2013
Table: Non-Life Market Shares (%), 2007-2013
Company Profile
Nordea Liv
PFA Pension
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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