Non-Life Insurance in Denmark, Key Trends and Opportunities to 2018


#244633

304pages

Timetric

$ 1950

In Stock


Synopsis

The report provides in-depth market analysis, information and insights into the Danish non-life insurance segment, including:

  • The Danish non-life insurance segment’s growth prospects by non-life insurance category
  • Key trends, drivers and challenges for the non-life insurance segment
  • The various distribution channels in the Danish non-life insurance segment
  • The detailed competitive landscape in the non-life insurance segment in Denmark
  • Detailed regulatory policies of the Danish insurance industry
  • Analysis of various consumer segments in Danish non-life insurance
  • Key developments in the Danish non-life insurance segment
  • New products launched by Danish non-life insurers

Executive summary

The non-life segment is the second-largest in the Danish insurance industry, representing 28.0% of the industry’s gross written premium in 2013. It was led by the property insurance category with 58.8% of the segment’s gross written premium in 2013, followed by motor insurance with 29.0%. Mandatory fire insurance for houses, growth in automobile sales and recovery in the property market supported the non-life segment’s growth during the review period (2009-2013), and is expected to continue to do so over the forecast period (2013-2018). As such, the Danish non-life insurance segment grew from DKK53.6 billion (US$10.0 billion) in 2009 to DKK56.7 billion (US$10.1 billion) in 2013, at a review-period compound annual growth rate (CAGR) of 1.4%, and is expected to reach DKK61.1 billion (US$11.3 billion) in 2018, after registering a forecast-period CAGR of 1.5%.

Scope

This report provides a comprehensive analysis of the non-life insurance segment in Denmark:

  • It provides historical values for Denmark’s non-life insurance segment for the report’s 2009-2013 review period, and projected figures for the 2013-2018 forecast period.
  • It offers a detailed analysis of the key categories in Denmark’s non-life insurance segment, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses the various distribution channels for non-life insurance products in Denmark.
  • It profiles the top non-life insurance companies in Denmark 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 Danish non-life insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Danish non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify the growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Danish insurance industry and their impact on companies and the industry's future.

Key highlights

  • The Danish non-life segment was the eighth-largest in the world in terms of gross written premium in 2013.
  • It was led by the property insurance category with 58.8% of the segment’s gross written premium in 2013, followed by motor insurance with 29.0%.
  • The segment’s growth was propelled by increased demand for property insurance, due to a heightened housing market and increased awareness of property insurance caused by rising incidences of natural disasters in the country.
  • In Denmark, the number of burglaries per capita remains very high compared to other EU countries.
  • Home insurance surged during the review period, a trend that is expected to continue over the forecast period.
  • Direct marketing was the second-largest distribution channel for non-life insurance in Denmark in terms of gross written premium 2013 after other distribution channels.
  • The Danish non-life insurance segment is highly concentrated led by domestic insurance companies.