Summary
Non-Life Insurance in Scandinavia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2017 annual average exchange rates.
- The Scandinavian non-life insurance market had total gross written premiums of $32.0bn in 2017, representing a compound annual growth rate (CAGR) of 1.7% between 2013 and 2017.
- The property segment was the market's most lucrative in 2017, with total gross written premiums of $12.4bn, equivalent to 38.8% of the market's overall value.
- The Scandinavian market has become saturated, leading demand to be flat overall. Despite this, motor and property insurance products recorded a noticeable upward trend both in terms of new policies and premiums in the Norwegian market.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Scandinavia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Scandinavia
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Scandinavia non-life insurance market with five year forecasts
Reasons to buy
- What was the size of the Scandinavia non-life insurance market by value in 2017?
- What will be the size of the Scandinavia non-life insurance market in 2022?
- What factors are affecting the strength of competition in the Scandinavia non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Scandinavia's non-life insurance market?
'
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 16
New entrants 18
Threat of substitutes 20
Degree of rivalry 21
Leading Companies 23
RSA Insurance Group plc 23
Lansforsakringar AB 27
Sampo plc 30
Folksam 34
Methodology 36
Industry associations 37
Related MarketLine research 37
Appendix 38
About MarketLine 38
List of Tables
Table 1: Scandinavia non-life insurance market value: $ billion, 2013–17
Table 2: Scandinavia non–life insurance market category segmentation: $ billion, 2017
Table 3: Scandinavia non–life insurance market geography segmentation: $ billion, 2017
Table 4: Scandinavia non-life insurance market share: % share, by value, 2017
Table 5: Scandinavia non-life insurance market value forecast: $ billion, 2017–22
Table 6: RSA Insurance Group plc: key facts
Table 7: RSA Insurance Group plc: key financials ($)
Table 8: RSA Insurance Group plc: key financials (£)
Table 9: RSA Insurance Group plc: key financial ratios
Table 10: Lansforsakringar AB: key facts
Table 11: Lansforsakringar AB: key financials ($)
Table 12: Lansforsakringar AB: key financials (SEK)
Table 13: Lansforsakringar AB: key financial ratios
Table 14: Sampo plc: key facts
Table 15: Sampo plc: key financials ($)
Table 16: Sampo plc: key financials (€)
Table 17: Sampo plc: key financial ratios
Table 18: Folksam: key facts
List of Figures
Figure 1: Scandinavia non-life insurance market value: $ billion, 2013–17
Figure 2: Scandinavia non–life insurance market category segmentation: % share, by value, 2017
Figure 3: Scandinavia non–life insurance market geography segmentation: % share, by value, 2017
Figure 4: Scandinavia non-life insurance market share: % share, by value, 2017
Figure 5: Scandinavia non-life insurance market value forecast: $ billion, 2017–22
Figure 6: Forces driving competition in the non-life insurance market in Scandinavia, 2017
Figure 7: Drivers of buyer power in the non-life insurance market in Scandinavia, 2017
Figure 8: Drivers of supplier power in the non-life insurance market in Scandinavia, 2017
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in Scandinavia, 2017
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in Scandinavia, 2017
Figure 11: Drivers of degree of rivalry in the non-life insurance market in Scandinavia, 2017
Figure 12: RSA Insurance Group plc: revenues & profitability
Figure 13: RSA Insurance Group plc: assets & liabilities
Figure 14: Lansforsakringar AB: revenues & profitability
Figure 15: Lansforsakringar AB: assets & liabilities
Figure 16: Sampo plc: revenues & profitability
Figure 17: Sampo plc: assets & liabilities
