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  5. > Life Insurance in Norway

Life Insurance in Norway

  • January 2014
  • -
  • MarketLine
  • -
  • 35 pages

Introduction


Life Insurance in Norway industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2008-12, and forecast to 2017). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Norway life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights


*The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2012 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

*The Norwegian life insurance market had total gross written premiums of $14.2bn in 2012, representing a CAGR of 5.8% between 2008 and 2012.

*The Pension/annuity segment was the market's most lucrative in 2012, with total gross written premiums of $11.8bn, equivalent to 83.2% of the market's overall value.

*The performance of the market is forecast to follow a similar pattern with an anticipated CAGR of 5.7% for the five-year period 2012 - 2017, which is expected to drive the market to a value of $18.7bn by the end of 2017.

Features


Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Norway

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Norway

Leading company profiles reveal details of key life insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Norway life insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Norway economy

Key Questions Answered


What was the size of the Norway life insurance market by value in 2012?

What will be the size of the Norway life insurance market in 2017?

What factors are affecting the strength of competition in the Norway life insurance market?

How has the market performed over the last five years?

Who are the top competitiors in Norway's life insurance market?

Table Of Contents

Life Insurance in Norway
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
DNB 19
Kommunal Landspensjonskasse (KLP) 22
Nordea Bank AB 25
Storebrand Livsforsikring AS 28
Macroeconomic Indicators 31
Country Data 31
Appendix 33
Methodology 33
Industry associations 34
Related MarketLine research 34

LIST OF TABLES

Table 1: Norway life insurance market value: $ billion, 2008-12 8
Table 2: Norway life insurance market category segmentation: $ billion, 2012 9
Table 3: Norway life insurance market geography segmentation: $ billion, 2012 10
Table 4: Norway life insurance market share: % share, by value, 2012 11
Table 5: Norway life insurance market value forecast: $ billion, 2012-17 12
Table 6: DNB: key facts 19
Table 7: DNB: key financials ($) 20
Table 8: DNB: key financials (NOK) 20
Table 9: DNB: key financial ratios 20
Table 10: Kommunal Landspensjonskasse (KLP): key facts 22
Table 11: Kommunal Landspensjonskasse (KLP): key financials ($) 22
Table 12: Kommunal Landspensjonskasse (KLP): key financials (NOK) 23
Table 13: Kommunal Landspensjonskasse (KLP): key financial ratios 23
Table 14: Nordea Bank AB: key facts 25
Table 15: Nordea Bank AB: key financials ($) 26
Table 16: Nordea Bank AB: key financials (€) 26
Table 17: Nordea Bank AB: key financial ratios 26
Table 18: Storebrand Livsforsikring AS: key facts 28
Table 19: Storebrand Livsforsikring AS: key financials ($) 28
Table 20: Storebrand Livsforsikring AS: key financials (NOK) 28
Table 21: Storebrand Livsforsikring AS: key financial ratios 29
Table 22: Norway size of population (million), 2008-12 31
Table 23: Norway gdp (constant 2000 prices, $ billion), 2008-12 31
Table 24: Norway gdp (current prices, $ billion), 2008-12 31
Table 25: Norway inflation, 2008-12 32
Table 26: Norway consumer price index (absolute), 2008-12 32
Table 27: Norway exchange rate, 2008-12 32

LIST OF FIGURES

Figure 1: Norway life insurance market value: $ billion, 2008-12 8
Figure 2: Norway life insurance market category segmentation: % share, by value, 2012 9
Figure 3: Norway life insurance market geography segmentation: % share, by value, 2012 10
Figure 4: Norway life insurance market share: % share, by value, 2012 11
Figure 5: Norway life insurance market value forecast: $ billion, 2012-17 12
Figure 6: Forces driving competition in the life insurance market in Norway, 2012 13
Figure 7: Drivers of buyer power in the life insurance market in Norway, 2012 14
Figure 8: Drivers of supplier power in the life insurance market in Norway, 2012 15
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Norway, 2012 16
Figure 10: Factors influencing the threat of substitutes in the life insurance market in Norway, 2012 17
Figure 11: Drivers of degree of rivalry in the life insurance market in Norway, 2012 18
Figure 12: DNB: revenues and profitability 21
Figure 13: DNB: assets and liabilities 21
Figure 14: Kommunal Landspensjonskasse (KLP): revenues and profitability 23
Figure 15: Kommunal Landspensjonskasse (KLP): assets and liabilities 24
Figure 16: Nordea Bank AB: revenues and profitability 27
Figure 17: Nordea Bank AB: assets and liabilities 27
Figure 18: Storebrand Livsforsikring AS: revenues and profitability 29
Figure 19: Storebrand Livsforsikring AS: assets and liabilities 30


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