Non-Life Insurance in Denmark
Description
Non-Life Insurance in Denmark
Summary
Non-Life Insurance in Denmark industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Non-Life Insurance in Denmark industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The Danish non-life insurance market recorded gross written premiums of $12.1 billion in 2024, representing a compound annual growth rate (CAGR) of 3.0% between 2019 and 2024.
- The property segment accounted for the market's largest proportion in 2024, with total gross written premiums of $4.3 billion, equivalent to 35.6% of the market's overall value.
- The expansion of the Danish non-life insurance market is driven by the accelerating motor insurance due to its mandatory nature, large and expanding vehicle base, and consistently high claim frequency and severity, which together generate substantial GWP. According to GlobalData, in 2024, the new car sales in Denmark reached 170.0 thousand, up 16.5% annually.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Denmark
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Denmark
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Denmark non-life insurance market with five year forecasts
- What was the size of the Denmark non-life insurance market by value in 2024?
- What will be the size of the Denmark non-life insurance market in 2029?
- What factors are affecting the strength of competition in the Denmark non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Denmark's non-life insurance market?
Table of Contents
41 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 most recent developments in the market?
- 8 Company Profiles
- 8.1. Tryg A/S
- 8.2. Topdanmark AS
- 8.3. Alm Brand AS
- 8.4. Codan Forsikring AS
- 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 non-life insurance market value: $ billion, 2019-24
- Table 2: Denmark non-life insurance market category segmentation: % share, by value, 2019-24
- Table 3: Denmark non-life insurance market category segmentation: $ billion, 2019-24
- Table 4: Denmark non-life insurance market geography segmentation: $ billion, 2024
- Table 5: Denmark non-life insurance market value forecast: $ billion, 2024-29
- Table 6: Tryg A/S: Key Facts
- Table 7: Tryg A/S: Annual Financial Ratios
- Table 8: Tryg A/S: Key Employees
- Table 9: Topdanmark AS: Key Facts
- Table 10: Topdanmark AS: Key Employees
- Table 11: Alm Brand AS: Key Facts
- Table 12: Alm Brand AS: Annual Financial Ratios
- Table 13: Alm Brand AS: Key Employees
- Table 14: Codan Forsikring AS: Key Facts
- Table 15: Codan Forsikring AS: Key Employees
- Table 16: Denmark Size of Population (Million), 2020-24
- Table 17: Denmark Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 18: Denmark GDP (Current Prices, $ Billion), 2020-24
- Table 19: Denmark Inflation, 2020-24
- Table 20: Denmark Consumer Price Index (Absolute), 2020-24
- Table 21: Denmark Exchange Rate, 2019-24
- List of Figures
- Figure 1: Denmark non-life insurance market value: $ billion, 2019-24
- Figure 2: Denmark non-life insurance market category segmentation: $ billion, 2019-24
- Figure 3: Denmark non-life insurance market geography segmentation: % share, by value, 2024
- Figure 4: Denmark non-life insurance market value forecast: $ billion, 2024-29
- Figure 5: Forces driving competition in the non-life insurance market in Denmark, 2024
- Figure 6: Drivers of buyer power in the non-life insurance market in Denmark, 2024
- Figure 7: Drivers of supplier power in the non-life insurance market in Denmark, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Denmark, 2024
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Denmark, 2024
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Denmark, 2024
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