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Norway Life Insurance Market to 2027

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    Report

  • 38 Pages
  • November 2023
  • Region: Norway
  • MarketLine
  • ID: 5928273
Life Insurance in Norway industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The market is segmented into Life Insurance and Pension/Annuity.
  • The Norwegian life insurance market had total gross written premiums of $14.7 billion in 2022, representing a compound annual growth rate (CAGR) of 8.7% between 2017 and 2022.
  • The pension/annuity segment accounted for the market's largest proportion in 2022, with total gross written premiums of $12 billion, equivalent to 81.8% of the market's overall value.
  • Life insurance coverage in the Norwegian population is relatively high. According to in-house research, in 2022, life insurance penetration (ratio of premiums to GDP) in Norway was 4%.

Scope

  • 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 by both value and volume

Reasons to Buy

  • What was the size of the Norway life insurance market by value in 2022?
  • What will be the size of the Norway life insurance market in 2027?
  • 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 competitors in Norway's life insurance market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. 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. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What has been the rationale behind recent M&A activity?
8 Company Profiles
8.1. DNB Livsforsikring ASA
8.2. Kommunal Landspensjonskasse
8.3. Storebrand Livsforsikring AS
8.4. Nordea Liv
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Norway life insurance market value: $ billion, 2017-22
Table 2: Norway life insurance market category segmentation: % share, by value, 2017-2022
Table 3: Norway life insurance market category segmentation: $ billion, 2017-2022
Table 4: Norway life insurance market geography segmentation: $ billion, 2018-2022
Table 5: Norway life insurance market value forecast: $ billion, 2022-27
Table 6: DNB Livsforsikring ASA: key facts
Table 7: DNB Livsforsikring ASA: Key Employees
Table 8: Kommunal Landspensjonskasse: key facts
Table 9: Kommunal Landspensjonskasse: Key Employees
Table 10: Storebrand Livsforsikring AS: key facts
Table 11: Nordea Liv: key facts
Table 12: Nordea Liv: Key Employees
Table 13: Norway size of population (million), 2018-22
Table 14: Norway gdp (constant 2005 prices, $ billion), 2018-22
Table 15: Norway gdp (current prices, $ billion), 2018-22
Table 16: Norway inflation, 2018-22
Table 17: Norway consumer price index (absolute), 2018-22
Table 18: Norway exchange rate, 2018-22
List of Figures
Figure 1: Norway life insurance market value: $ billion, 2017-22
Figure 2: Norway life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Norway life insurance market geography segmentation: % share, by value, 2018,2022
Figure 4: Norway life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in Norway, 2022
Figure 6: Drivers of buyer power in the life insurance market in Norway, 2022
Figure 7: Drivers of supplier power in the life insurance market in Norway, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Norway, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Norway, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Norway, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • DNB Livsforsikring ASA
  • Kommunal Landspensjonskasse
  • Storebrand Livsforsikring AS
  • Nordea Liv