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Life Insurance in Sweden, Key Trends and Opportunities to 2019

Life Insurance in Sweden, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'Life Insurance in Sweden, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Swedish life insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Swedish economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Life Insurance in Sweden, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Swedish life insurance segment, including:

The Swedish life insurance segment’s growth prospects by life insurance category

Key trends, drivers and challenges for the life insurance segment

A comprehensive overview of the Swedish economy and demographics

The various distribution channels in the Swedish life insurance segment

Details of the competitive landscape in the life insurance segment in Sweden

Details of regulatory policy applicable to the Swedish insurance industry

ScopeThis report provides a comprehensive analysis of the life insurance segment in Sweden:

It provides historical values for the Swedish life insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

It offers a detailed analysis of the key categories in the Swedish life insurance segment, and market forecasts to 2019.

It analyzes the various distribution channels for life insurance products in Sweden.

It profiles the top life insurance companies in Sweden and outlines the key regulations affecting them.

Reasons To Buy

Make strategic business decisions using in-depth historic and forecast market data related to the Swedish life insurance segment, and each category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Swedish life insurance segment.

Assess the competitive dynamics in the life insurance segment.

Identify growth opportunities and market dynamics in key product categories.

Gain insights into key regulations governing the Swedish insurance industry, and their impact on companies and the industry's future.

Key Highlights

The gross written premium of the Swedish life insurance segment increased at a review-period CAGR of 2.8%.

The persistent low interest rate and decreases in investment opportunities adversely affected life insurers’ investment income.

Sweden’s aging population was a significant driver of the life segment during the review period.

Demand for occupational pension schemes in the country is rising, as it is mandatory for employees working for businesses to be insured.

In 2015, the government reduced tax benefits associated with investments in retirement and savings insurance products.

The new regulatory framework, Solvency II, came into force in Sweden on January 1, 2016.


  • Key Facts and Highlights
    • Table Swedish Life Insurance - Key Facts, 2014
  • Executive Summary
  • Introduction
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Economy and Demographics
    • Table Swedish Government Credit Ratings
    • Table Swedish Life Expectancy at Birth, 2010-2014
    • Table Swedish Number of Households, 2011-2014
  • Life Insurance Outlook
    • Key Drivers
    • Key Trends
    • Challenges
    • Life Insurance Growth Prospects by Category
      • Table Swedish Life Insurance - Gross Written Premium by Category (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Gross Written Premium by Category (US$ Billion), 2010-2014
      • Table Swedish Life Insurance - Gross Written Premium by Category (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Gross Written Premium by Category (US$ Billion), 2014-2019
      • Table Swedish Life Insurance - New Business Direct Written Premium (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - New Business Direct Written Premium (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Net Earned Premium (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Net Earned Premium (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Paid Claims (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Paid Claims (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Incurred Loss (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Incurred Loss (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Commissions and Expenses (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Commissions and Expenses (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014
      • Table Swedish Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
      • Table Swedish Life Insurance - Renewal Business Direct Written Premium (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Renewal Business Direct Written Premium (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Total Assets (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Total Assets (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Total Investment Income (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Total Investment Income (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Net Written Premium (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Net Written Premium (SEK Billion), 2014-2019
    • Individual Life Insurance
      • Table Swedish Individual Life Insurance - Gross Written Premium by Category (SEK Billion), 2010-2014
      • Table Swedish Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2010-2014
      • Table Swedish Individual Life Insurance - Gross Written Premium by Category (SEK Billion), 2014-2019
      • Table Swedish Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2014-2019
      • Table Swedish Individual Life Insurance - Direct Written Premium by Category (SEK Billion), 2010-2014
      • Table Swedish Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014
      • Table Swedish Individual Life Insurance - Direct Written Premium by Category (SEK Billion), 2014-2019
      • Table Swedish Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
      • Individual pension insurance
        • Table Swedish Individual Pension Insurance - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Individual Pension Insurance - Direct Written Premium (SEK Billion), 2014-2019
      • Individual endowment insurance
        • Table Swedish Individual Endowment Insurance - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Individual Endowment Insurance - Direct Written Premium (SEK Billion), 2014-2019
      • Other individual life insurance
        • Table Swedish Other Individual Life Insurance - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Other Individual Life Insurance - Direct Written Premium (SEK Billion), 2014-2019
    • Group Life Insurance
      • Group whole life insurance
        • Table Swedish Group Whole Life Insurance - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Group Whole Life Insurance - Direct Written Premium (SEK Billion), 2014-2019
    • Life Insurance Growth Prospects by Product Type
      • Individual single-premium insurance
        • Table Swedish Individual Single-Premium Insurance - Gross Written Premium (SEK Billion), 2010-2014
        • Table Swedish Individual Single-Premium Insurance - Gross Written Premium (SEK Billion), 2014-2019
        • Table Swedish Individual Single-Premium Insurance - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Individual Single-Premium Insurance - Direct Written Premium (SEK Billion), 2014-2019
      • Individual non-single-premium insurance
        • Table Swedish Individual Non-Single-Premium Insurance - Gross Written Premium (SEK Billion), 2010-2014
        • Table Swedish Individual Non-Single-Premium Insurance - Gross Written Premium (SEK Billion), 2014-2019
        • Table Swedish Individual Non-Single-Premium Insurance - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Individual Non-Single-Premium Insurance - Direct Written Premium (SEK Billion), 2014-2019
      • Group single-premium insurance
        • Table Swedish Group Single-Premium Insurance - Gross Written Premium (SEK Billion), 2010-2014
        • Table Swedish Group Single-Premium Insurance - Gross Written Premium (SEK Billion), 2014-2019
        • Table Swedish Group Single-Premium Insurance - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Group Single-Premium Insurance - Direct Written Premium (SEK Billion), 2014-2019
      • Group non-single-premium insurance
        • Table Swedish Group Non-Single-Premium Insurance - Gross Written Premium (SEK Billion), 2010-2014
        • Table Swedish Group Non-Single-Premium Insurance - Gross Written Premium (SEK Billion), 2014-2019
        • Table Swedish Group Non-Single-Premium Insurance - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Group Non-Single-Premium Insurance - Direct Written Premium (SEK Billion), 2014-2019
      • Total linked insurance business
        • Table Swedish Linked Insurance Business - Gross Written Premium (SEK Billion), 2010-2014
        • Table Swedish Linked Insurance Business - Gross Written Premium (SEK Billion), 2014-2019
        • Table Swedish Linked Insurance Business - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Linked Insurance Business - Direct Written Premium (SEK Billion), 2014-2019
      • Total non-linked insurance business
        • Table Swedish Non-Linked Insurance Business - Gross Written Premium (SEK Billion), 2010-2014
        • Table Swedish Non-Linked Insurance Business - Gross Written Premium (SEK Billion), 2014-2019
        • Table Swedish Non-Linked Insurance Business - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Non-Linked Insurance Business - Direct Written Premium (SEK Billion), 2014-2019
  • Analysis by Distribution Channel
    • Direct Marketing
      • Table Swedish Life Insurance - Direct Marketing Value of Commissions (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Direct Marketing Value of Commissions (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Direct Marketing New Business Direct Written Premium (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Direct Marketing New Business Direct Written Premium (SEK Billion), 2014-2019
    • Bancassurance
      • Table Swedish Life Insurance - Bancassurance Value of Commissions (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Bancassurance Value of Commissions (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Bancassurance New Business Direct Written Premium (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Bancassurance New Business Direct Written Premium (SEK Billion), 2014-2019
    • Agencies
      • Table Swedish Life Insurance - Agencies' Value of Commissions (SEK Million), 2010-2014
      • Table Swedish Life Insurance - Agencies' Value of Commissions (SEK Million), 2014-2019
      • Table Swedish Life Insurance - Agencies' New Business Direct Written Premium (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Agencies' New Business Direct Written Premium (SEK Billion), 2014-2019
    • E-commerce
      • Table Swedish Life Insurance - E-Commerce Value of Commissions (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - E-Commerce Value of Commissions (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - E-Commerce New Business Direct Written Premium (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - E-Commerce New Business Direct Written Premium (SEK Billion), 2014-2019
    • Brokers
      • Table Swedish Life Insurance - Brokers' Value of Commissions (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Brokers' Value of Commissions (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Brokers' New Business Direct Written Premium (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Brokers' New Business Direct Written Premium (SEK Billion), 2014-2019
    • Other Channels
      • Table Swedish Life Insurance - Other Channels' Value of Commissions (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Other Channels' Value of Commissions (SEK Billion), 2014-2019
      • Table Swedish Life Insurance - Other Channels' New Business Direct Written Premium (SEK Billion), 2010-2014
      • Table Swedish Life Insurance - Other Channels' New Business Direct Written Premium (SEK Billion), 2014-2019
  • Competitive Landscape and Strategic Insights
    • Overview
    • Leading Companies in the Swedish Life Insurance Segment
      • Table Swedish Life Insurance - Segment Shares (%), 2014
      • Alecta Pensionsförsäkring, Ömsesidigt - company overview
        • Table Alecta Pensionsforsakring, omsesidigt - Key Facts
      • Nordea Livforsakring Sverige AB - company overview
        • Table Nordea Livforsakring Sverige AB - Key Facts
      • Livforsakringsbolaget Skandia, omsesidigt - company overview
        • Table Livforsakringsbolaget Skandia, omsesidigt - Key Facts
      • AMF Pension Fondforvaltning AB - company overview
        • Table AMF Pension Fondforvaltning AB - Key Facts
      • Swedbank Forsakring AB - company overview
        • Table Swedbank Forsakring AB - Key Facts
      • SEB TL Fond - company overview
        • Table SEB TL Fond - Key Facts
      • KPA Pension AB - company overview
        • Table KPA Pension AB - Key Facts
  • Governance, Risk and Compliance
    • Table Sweden - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Sweden - Life Insurance Regulatory Framework
      • Property insurance
        • Table Sweden - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Sweden - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Sweden - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Workers' compensation insurance
      • Air carriers and aircraft operators insurance
        • Table Sweden - Minimum Coverage for Aircraft Third-Party Liability Per Accident Per Aircraft
      • Professional indemnity insurance for alternative investment fund managers
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • European Insurance and Occupational Pensions Authority (EIOPA)
      • Finansinspektionen (FI)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a domestic company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Sweden - Corporate Tax Rates for the Financial Year 2015
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Appendix
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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