Insurance in Norway - Market Summary, Competitive Analysis and Forecast to 2025
Insurance in Norway - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Insurance in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Insurance in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Norwegian insurance market had total gross written premiums of $20.2bn in 2020, representing a compound annual growth rate (CAGR) of 4% between 2016 and 2020.
- The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $11.1bn, equivalent to 54.8% of the market's overall value.
- The future of the pandemic remains uncertain, which makes it difficult to predict the long-term performance of the insurance market. As global vaccination programs are rolled out and societies gradually reopen, consumer confidence is likely to improve, easing demand for insurance. However, interest rates are expected to remain low for some time, constraining insurers’ profits.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Norway
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Norway
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Norway insurance market with five year forecasts
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- What will be the size of the Norway travel & tourism market in 2025?
- What factors are affecting the strength of competition in the Norway travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Norway's travel & tourism market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. 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. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. Is there any important M&A activity on the horizon for next year?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Kommunal Landspensjonskasse
8.2. Gjensidige Forsikring ASA
8.3. If P&C Insurance AS
8.4. Storebrand ASA
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
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. 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. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. Is there any important M&A activity on the horizon for next year?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Kommunal Landspensjonskasse
8.2. Gjensidige Forsikring ASA
8.3. If P&C Insurance AS
8.4. Storebrand ASA
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 insurance market value: $ billion, 2016–20
Table 2: Norway insurance market category segmentation: $ billion, 2020
Table 3: Norway insurance market geography segmentation: $ billion, 2020
Table 4: Norway insurance market value forecast: $ billion, 2020–25
Table 5: Norway insurance market share: % share, by value, 2020
Table 6: Kommunal Landspensjonskasse: key facts
Table 7: Kommunal Landspensjonskasse: Key Employees
Table 8: Gjensidige Forsikring ASA: key facts
Table 9: Gjensidige Forsikring ASA: Annual Financial Ratios
Table 10: Gjensidige Forsikring ASA: Key Employees
Table 11: If P&C Insurance AS: key facts
Table 12: If P&C Insurance AS: Key Employees
Table 13: Storebrand ASA: key facts
Table 14: Storebrand ASA: Annual Financial Ratios
Table 15: Storebrand ASA: Key Employees
Table 16: Norway size of population (million), 2016–20
Table 17: Norway gdp (constant 2005 prices, $ billion), 2016–20
Table 18: Norway gdp (current prices, $ billion), 2016–20
Table 19: Norway inflation, 2016–20
Table 20: Norway consumer price index (absolute), 2016–20
Table 21: Norway exchange rate, 2016–20
Table 1: Norway insurance market value: $ billion, 2016–20
Table 2: Norway insurance market category segmentation: $ billion, 2020
Table 3: Norway insurance market geography segmentation: $ billion, 2020
Table 4: Norway insurance market value forecast: $ billion, 2020–25
Table 5: Norway insurance market share: % share, by value, 2020
Table 6: Kommunal Landspensjonskasse: key facts
Table 7: Kommunal Landspensjonskasse: Key Employees
Table 8: Gjensidige Forsikring ASA: key facts
Table 9: Gjensidige Forsikring ASA: Annual Financial Ratios
Table 10: Gjensidige Forsikring ASA: Key Employees
Table 11: If P&C Insurance AS: key facts
Table 12: If P&C Insurance AS: Key Employees
Table 13: Storebrand ASA: key facts
Table 14: Storebrand ASA: Annual Financial Ratios
Table 15: Storebrand ASA: Key Employees
Table 16: Norway size of population (million), 2016–20
Table 17: Norway gdp (constant 2005 prices, $ billion), 2016–20
Table 18: Norway gdp (current prices, $ billion), 2016–20
Table 19: Norway inflation, 2016–20
Table 20: Norway consumer price index (absolute), 2016–20
Table 21: Norway exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Norway insurance market value: $ billion, 2016–20
Figure 2: Norway insurance market category segmentation: % share, by value, 2020
Figure 3: Norway insurance market geography segmentation: % share, by value, 2020
Figure 4: Norway insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Norway, 2020
Figure 6: Drivers of buyer power in the insurance market in Norway, 2020
Figure 7: Drivers of supplier power in the insurance market in Norway, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Norway, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Norway, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Norway, 2020
Figure 11: Norway insurance market share: % share, by value, 2020
Figure 1: Norway insurance market value: $ billion, 2016–20
Figure 2: Norway insurance market category segmentation: % share, by value, 2020
Figure 3: Norway insurance market geography segmentation: % share, by value, 2020
Figure 4: Norway insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Norway, 2020
Figure 6: Drivers of buyer power in the insurance market in Norway, 2020
Figure 7: Drivers of supplier power in the insurance market in Norway, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Norway, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Norway, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Norway, 2020
Figure 11: Norway insurance market share: % share, by value, 2020
