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Non-Life Insurance in Sweden, Key Trends and Opportunities to 2019

Non-Life Insurance in Sweden, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'Non-Life Insurance in Sweden, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Swedish non-life insurance segment, and a comparison of the Swedish insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, 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, explains the various types of natural hazard and their impact on the Swedish insurance industry, 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 'Non-Life Insurance in Sweden, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Swedish non-life insurance segment, including:

The Swedish non-life insurance segment’s detailed outlook by product category

A comprehensive overview of the Swedish economy and demographics

A comparison of the Swedish insurance industry with its regional counterparts

The various distribution channels in the Swedish non-life insurance segment

Detailed analysis of natural hazards and their impact on the Swedish insurance industry

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

Details of regulatory policy applicable to the Swedish insurance industry

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

It provides historical values for the Swedish non-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 non-life insurance segment, and market forecasts to 2019.

It profiles the top non-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 non-life insurance segment, and each category within it.

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

Assess the competitive dynamics in the non-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

Non-life insurance was the second-largest segment of the Swedish insurance industry in 2014, accounting for 25.3% of the industry’s direct written premium.

Motor insurance was the second-largest non-life category, accounting for 42.6% of its direct written premium in 2014.

Agriculture insurance in Sweden is solely provided by private insurers on a voluntary basis; policyholders are not entitled to government subsidies on policy purchases.

In the presence of high cyber threat, the large card transaction is generating demand for cyber insurance products..

Bancassurance is an integral part of insurance distribution in Sweden.

Solvency II, a new regulatory framework for insurers and reinsurers in Europe, came into force on January 1, 2016.


  • Key Facts and Highlights
    • Table Swedish Non-Life Insurance - Key Facts, 2014
    • Table Swedish Non-Life Insurance - Segment Shares of the Top Insurers, 2014
  • Executive Summary
  • Economy and Demographics
    • Table Swedish Government Credit Ratings
    • Table Swedish Life Expectancy at Birth, 2010-2014
    • Table Swedish Number of Households, 2011-2014
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Swedish Non-Life Insurance - Gross Written Premium (SEK Billion and US$ Billion), 2010-2014
        • Table Swedish Non-Life Insurance - Penetration (%), 2010-2014
        • Table Swedish Non-Life Insurance - Gross Written Premium (SEK Billion and US$ Billion), 2014-2019
        • Table Swedish Non-Life Insurance - Penetration (%), 2014-2019
        • Table Swedish Non-Life Insurance - Premium per Capita (SEK and US$), 2010-2014
        • Table Swedish Non-Life Insurance - Premium per Capita (SEK and US$), 2014-2019
      • Claims
        • Table Swedish Non-Life Insurance - Paid Claims (SEK Billion and US$ Billion), 2010-2014
        • Table Swedish Non-Life Insurance - Paid Claims (SEK Billion and US$ Billion), 2014-2019
      • Profitability
        • Table Swedish Non-Life Insurance - Profitability Ratio (%), 2010-2014
        • Table Swedish Non-Life Insurance - Profitability Ratio (%), 2014-2019
      • Assets and investments
        • Table Swedish Non-Life Insurance - Total Assets (SEK Billion and US$ Billion), 2010-2014
        • Table Swedish Non-Life Insurance - Total Assets (SEK Billion and US$ Billion), 2014-2019
        • Table Swedish Non-Life Insurance - Total Investment Income (SEK Billion and US$ Billion), 2010-2014
        • Table Swedish Non-Life Insurance - Total Investment Income (SEK Billion and US$ Billion), 2014-2019
        • Table Swedish Non-Life Insurance - Investment Portfolio (SEK Billion), 2010-2014
        • Table Swedish Non-Life Insurance - Investment Portfolio (SEK Billion), 2014-2019
  • Outlook by Category
    • Table Swedish Non-Life Insurance - Direct Written Premium by Category (SEK Billion), 2010-2014
    • Table Swedish Non-Life Insurance - Direct Written Premium by Category (SEK Billion), 2014-2019
    • Property Insurance
      • Product overview
      • Premium
        • Table Swedish Property Insurance - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Property Insurance - Direct Written Premium (SEK Billion), 2014-2019
      • Claims
        • Table Swedish Property Insurance - Gross Claims (SEK Billion and US$ Billion), 2010-2014
        • Table Swedish Property Insurance - Gross Claims (SEK Billion and US$ Billion), 2014-2019
      • Profitability
        • Table Swedish Property Insurance - Loss Ratio (%), 2010-2014
        • Table Swedish Property Insurance - Loss Ratio (%), 2014-2019
    • Motor Insurance
      • Product overview
        • Table Swedish Motor Insurance - Number of New Vehicle Registration, 2010-2014
      • Premium
        • Table Swedish Motor Insurance - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Motor Insurance - Direct Written Premium (SEK Billion), 2014-2019
      • Claims
        • Table Swedish Motor Insurance - Gross Claims (SEK Billion and US$ Billion), 2010-2014
        • Table Swedish Motor Insurance - Gross Claims (SEK Billion and US$ Billion), 2014-2019
      • Profitability
        • Table Swedish Motor Insurance - Loss Ratio (%), 2010-2014
        • Table Swedish Motor Insurance - Loss Ratio (%), 2014-2019
    • Liability Insurance
      • Product overview
      • Premium
        • Table Swedish Liability Insurance - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Liability Insurance - Direct Written Premium (SEK Billion), 2014-2019
      • Claims
        • Table Swedish Liability Insurance - Gross Claims (SEK Billion and US$ Billion), 2010-2014
        • Table Swedish Liability Insurance - Gross Claims (SEK Billion and US$ Billion), 2014-2019
      • Profitability
        • Table Swedish Liability Insurance - Loss Ratio (%), 2010-2014
        • Table Swedish Liability Insurance - Loss Ratio (%), 2014-2019
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Swedish Marine, Aviation and Transit Insurance - Number of Aircraft, 2010-2014
      • Premium
        • Table Swedish Marine, Aviation and Transit Insurance - Direct Written Premium (SEK Billion), 2010-2014
        • Table Swedish Marine, Aviation and Transit Insurance - Direct Written Premium (SEK Billion), 2014-2019
      • Claims
        • Table Swedish Marine, Aviation and Transit Insurance - Gross Claims (SEK Million and US$ Million), 2010-2014
        • Table Swedish Marine, Aviation and Transit Insurance - Gross Claims (SEK Million and US$ Million), 2014-2019
      • Profitability
        • Table Swedish Marine, Aviation and Transit Insurance - Loss Ratio (%), 2010-2014
        • Table Swedish Marine, Aviation and Transit Insurance - Loss Ratio (%), 2014-2019
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
  • Natural Hazards
    • Table Swedish Average Annual Loss by Hazard
    • Windstorms
    • Flooding
      • Table Swedish Number of Flood Related Claims and Paid Claims (SEK Million), 2011-2014
    • Wildfire
    • Exposure
  • Competitive Landscape
    • Leading Companies in the Swedish Non-Life Insurance Market
      • Table Swedish Non-Life Insurance - Shares of Top Insurers (%), 2014
      • Länsförsäkringar Sak - company overview
        • Table Länsförsäkringar Sak - Key Facts
      • If Skadeförsäkring - company overview
        • Table If Skadeförsäkring - Key Facts
      • Folksam - company overview
        • Table Folksam - Key Facts
      • Trygg-Hansa - company overview
        • Table Trygg-Hansa - Key Facts
      • Moderna - company overview
        • Table Moderna - 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)
  • Databook
    • Premium
      • Table Swedish Insurance Industry - Premium, 2010-2014
      • Table Swedish Insurance Industry - Premium, 2014-2019
      • Table Swedish Non-Life Insurance - Premium, 2010-2014
      • Table Swedish Non-Life Insurance - Premium, 2014-2019
      • Table Swedish Non-Life Insurance - Property Insurance Premium, 2010-2014
      • Table Swedish Non-Life Insurance - Property Insurance Premium, 2014-2019
      • Table Swedish Non-Life Insurance - Motor Insurance Premium, 2010-2014
      • Table Swedish Non-Life Insurance - Motor Insurance Premium, 2014-2019
      • Table Swedish Non-Life Insurance - Liability Insurance Premium, 2010-2014
      • Table Swedish Non-Life Insurance - Liability Insurance Premium, 2014-2019
      • Table Swedish Non-Life Insurance - Marine, Aviation and Transit Insurance Premium, 2010-2014
      • Table Swedish Non-Life Insurance - Marine, Aviation and Transit Insurance Premium, 2014-2019
      • Table Swedish Non-Life Insurance - Direct Written Premium by Sub-Category (SEK), 2010-2014
      • Table Swedish Non-Life Insurance - Direct Written Premium by Sub-Category (SEK), 2014-2019
      • Table Swedish Non-Life Insurance - Penetration by Sub-Category (%), 2010-2014
      • Table Swedish Non-Life Insurance - Penetration by Sub-Category (%), 2014-2019
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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