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Life Insurance in Scandinavia

Life Insurance in Scandinavia

Summary

Life Insurance in Scandinavia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). 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 Scandinavia life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. 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 not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
The Scandinavian life insurance market had total gross written premiums of $83.8bn in 2017, representing a compound annual growth rate (CAGR) of 4.6% between 2013 and 2017.
The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of $51.2bn, equivalent to 61.1% of the market's overall value.
The market share of the Scandinavian countries reflects penetration rates. Whereas Finland, Denmark, and Sweden all have significantly higher life insurance penetration rates than the European average, Norway has a below average penetration rate and thus only makes up 13.5% of the region’s value. According to Swiss Re, the life insurance penetration ratio for Europe was 3.8% of GDP in 2017. Finland’s was 8.7%, Denmark 7.5%, Sweden 5.0% and Norway 2.9%.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Scandinavia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Scandinavia
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Scandinavia life insurance market with five year forecasts
Reasons to buy
  • What was the size of the Scandinavia life insurance market by value in 2017?
  • What will be the size of the Scandinavia life insurance market in 2022?
  • What factors are affecting the strength of competition in the Scandinavia life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in Scandinavia's life insurance market?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Danica Pension AS
Kommunal Landspensjonskasse
Nordea Bank AB
OP Financial Group
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: Scandinavia life insurance market value: $ billion, 2013-
Table 2: Scandinavia life insurance market category segmentation: $ billion,
Table 3: Scandinavia life insurance market geography segmentation: $ billion,
Table 4: Scandinavia life insurance market share: % share, by value,
Table 5: Scandinavia life insurance market value forecast: $ billion, 2017-
Table 6: Danica Pension AS: key facts
Table 7: Danica Pension AS: key financials ($)
Table 8: Danica Pension AS: key financials (DKK)
Table 9: Danica Pension AS: key financial ratios
Table 10: Kommunal Landspensjonskasse: key facts
Table 11: Kommunal Landspensjonskasse: key financials ($)
Table 12: Kommunal Landspensjonskasse: key financials (NOK)
Table 13: Kommunal Landspensjonskasse: key financial ratios
Table 14: Nordea Bank AB: key facts
Table 15: Nordea Bank AB: key financials ($)
Table 16: Nordea Bank AB: key financials (€)
Table 17: Nordea Bank AB: key financial ratios
Table 18: OP Financial Group: key facts
Table 19: OP Financial Group: key financials ($)
Table 20: OP Financial Group: key financials (€)
Table 21: OP Financial Group: key financial ratios
List of Figures
Figure 1: Scandinavia life insurance market value: $ billion, 2013-
Figure 2: Scandinavia life insurance market category segmentation: % share, by value,
Figure 3: Scandinavia life insurance market geography segmentation: % share, by value,
Figure 4: Scandinavia life insurance market share: % share, by value,
Figure 5: Scandinavia life insurance market value forecast: $ billion, 2017-
Figure 6: Forces driving competition in the life insurance market in Scandinavia,
Figure 7: Drivers of buyer power in the life insurance market in Scandinavia,
Figure 8: Drivers of supplier power in the life insurance market in Scandinavia,
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Scandinavia,
Figure 10: Factors influencing the threat of substitutes in the life insurance market in Scandinavia,
Figure 11: Drivers of degree of rivalry in the life insurance market in Scandinavia,
Figure 12: Danica Pension AS: revenues & profitability
Figure 13: Danica Pension AS: assets & liabilities
Figure 14: Kommunal Landspensjonskasse: revenues & profitability
Figure 15: Kommunal Landspensjonskasse: assets & liabilities
Figure 16: Nordea Bank AB: revenues & profitability
Figure 17: Nordea Bank AB: assets & liabilities
Figure 18: OP Financial Group: revenues & profitability
Figure 19: OP Financial Group: assets & liabilities

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