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Non-Life Insurance in Norway

Publisher MarketLine
Published Dec 11, 2025
Length 41 Pages
SKU # MTLN21050364

Description

Non-Life Insurance in Norway

Summary

Non-Life Insurance in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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 Norwegian non-life insurance market recorded gross written premiums of $8.7 billion in 2024, representing a compound annual growth rate (CAGR) of 5.5% between 2019 and 2024.
  • The motor segment accounted for the market's largest proportion in 2024, with total gross written premiums of $3.3 billion, equivalent to 37.7% of the market's overall value.
  • In 2024, the Norwegian non-life insurance market recorded an annual growth of 11.1%. The growth is driven by an increase in net household disposable income, enabling consumers to allocate greater financial resources toward risk protection. According to Eurostat, in 2024, the net disposable income per household in Norway reached $62,550.0, up 2.4% annually.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Norway
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Norway
  • 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 Norway non-life insurance market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Norway non-life insurance market by value in 2024?
  • What will be the size of the Norway non-life insurance market in 2029?
  • What factors are affecting the strength of competition in the Norway non-life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Norway'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. Gjensidige Forsikring ASA
8.2. DNB Bank ASA
8.3. Tryg Forsikring A/S
8.4. If Skadeforsikring NUF
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: Norway non-life insurance market value: $ billion, 2019-24
Table 2: Norway non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Norway non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Norway non-life insurance market geography segmentation: $ billion, 2024
Table 5: Norway non-life insurance market value forecast: $ billion, 2024-29
Table 6: Gjensidige Forsikring ASA: Key Facts
Table 7: Gjensidige Forsikring ASA: Annual Financial Ratios
Table 8: Gjensidige Forsikring ASA: Key Employees
Table 9: DNB Bank ASA: Key Facts
Table 10: DNB Bank ASA: Annual Financial Ratios
Table 11: DNB Bank ASA: Key Employees
Table 12: Tryg Forsikring A/S: Key Facts
Table 13: Tryg Forsikring A/S: Key Employees
Table 14: If Skadeforsikring NUF: Key Facts
Table 15: If Skadeforsikring NUF: Key Employees
Table 16: Norway Size of Population (Million), 2020-24
Table 17: Norway Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 18: Norway GDP (Current Prices, $ Billion), 2020-24
Table 19: Norway Inflation, 2020-24
Table 20: Norway Consumer Price Index (Absolute), 2020-24
Table 21: Norway Exchange Rate, 2019-24
List of Figures
Figure 1: Norway non-life insurance market value: $ billion, 2019-24
Figure 2: Norway non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Norway non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Norway non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Norway, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Norway, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Norway, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Norway, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Norway, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Norway, 2024

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