Norway Insurance Q3 2018
Norway's insurance market, though already very well developed, continues to offer healthy growth potential. The largelife insurance sector, which has long played a key role as an avenue for savings and investment in the market, will benefit fromsteady improvement to employment and income rates, helping to offset the impact of persistently low interest rates. In the smallernon-life sector, consistent growth is anticipated across most major lines due both to greater corporate demand and greaterpersonal demand as spending on big-ticket insurable items increases. Greater demand for private healthcare will also prove a keydriver of growth in the non-life market. Despite the growth potential, major new entrants are unlikely in light of the high level ofcompetition posed by established domestic and pan-Nordic carriers which will continue to dominate the market.
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