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Life Insurance & Pension in Denmark

Publisher MarketLine
Published Nov 14, 2024
Length 37 Pages
SKU # MTLN19547069

Description

Life Insurance & Pension in Denmark

Summary

Life Insurance & Pension in Denmark industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
  • The Danish life insurance & pension market recorded gross written premiums of $33 billion in 2023, representing a compound annual growth rate (CAGR) of 3.8% between 2018 and 2023.
  • The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $28.5 billion, equivalent to 86.3% of the market's overall value.
  • The growth in the Danish life insurance & pension market is driven by the increasing population of individuals aged 65 and above. This demographic shift is fuelling demand for retirement savings plans and income protection policies as people seek financial security for their post-retirement years. According to Eurostat, the population of individuals aged 65 and above in Denmark stood at 1.2 million in 2023, an increase of 2.6% from the previous year.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance & pension market in Denmark
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in Denmark
  • Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Denmark life insurance & pension market with five year forecasts
Reasons to Buy
  • What was the size of the Denmark life insurance & pension market by value in 2023?
  • What will be the size of the Denmark life insurance & pension market in 2028?
  • What factors are affecting the strength of competition in the Denmark life insurance & pension market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Denmark's life insurance & pension market?

Table of Contents

37 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. AP Pension Livsforsikringsaktieselskab
8.2. Danica Pension AS
8.3. Velliv, Pension & Livsforsikring A/S
8.4. PFA Pension Forsikringsaktieselskab
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Denmark life insurance & pension market value: $ billion, 2018-23
Table 2: Denmark life insurance & pension market category segmentation: % share, by value, 2018-23
Table 3: Denmark life insurance & pension market category segmentation: $ billion, 2018-23
Table 4: Denmark life insurance & pension market geography segmentation: $ billion, 2023
Table 5: Denmark life insurance & pension market value forecast: $ billion, 2023-28
Table 6: AP Pension Livsforsikringsaktieselskab: Key Facts
Table 7: AP Pension Livsforsikringsaktieselskab: Key Employees
Table 8: Danica Pension AS: Key Facts
Table 9: Danica Pension AS: Key Employees
Table 10: Velliv, Pension & Livsforsikring A/S: Key Facts
Table 11: Velliv, Pension & Livsforsikring A/S: Key Employees
Table 12: PFA Pension Forsikringsaktieselskab: Key Facts
Table 13: PFA Pension Forsikringsaktieselskab: Key Employees
Table 14: Denmark Size of Population (million), 2019-23
Table 15: Denmark Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 16: Denmark GDP (Current Prices, $ Billion), 2019-23
Table 17: Denmark Inflation, 2019-23
Table 18: Denmark Consumer Price Index (Absolute), 2019-23
Table 19: Denmark Exchange Rate, 2018-23
List of Figures
Figure 1: Denmark life insurance & pension market value: $ billion, 2018-23
Figure 2: Denmark life insurance & pension market category segmentation: $ billion, 2018-23
Figure 3: Denmark life insurance & pension market geography segmentation: % share, by value, 2023
Figure 4: Denmark life insurance & pension market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the life insurance & pension market in Denmark, 2023
Figure 6: Drivers of buyer power in the life insurance & pension market in Denmark, 2023
Figure 7: Drivers of supplier power in the life insurance & pension market in Denmark, 2023
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Denmark, 2023
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Denmark, 2023
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Denmark, 2023

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