Denmark Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Denmark industry profile provides top-line qualitative and quantitative summary information including: 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 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.
- The Danish non-life insurance market had total gross written premiums of $10 billion in 2022, representing a compound annual growth rate (CAGR) of 4.7% between 2017 and 2022.
- The Property segment accounted for market's the largest proportion in 2022, with total gross written premiums of $4.9 billion, equivalent to 49% of the market's overall value.
- Inflation will cause Danish insurance customers' expenses to increase in the future, which will also result in greater claim costs for non-life insurance companies.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Denmark
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Denmark
- 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 Denmark non-life insurance market with five year forecasts by both value and volume
- What was the size of the Denmark non-life insurance market by value in 2022?
- What will be the size of the Denmark non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Denmark non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Denmark's non-life insurance 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. What has been the rationale behind recent M&A activity?
- 7.5. How has the COVID-19 outbreak impacted the market?
- 8 Company Profiles
- 8.1. Alm Brand AS
- 8.2. Codan Forsikring AS
- 8.3. Tryg A/S
- 8.4. Topdanmark AS
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. About MarketLine
- List of Tables
- Table 1: Denmark non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Denmark non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Denmark non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Denmark non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Denmark non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Denmark non-life insurance market share: % share, by value, 2022(e)
- Table 7: Alm Brand AS: key facts
- Table 8: Alm Brand AS: Annual Financial Ratios
- Table 9: Alm Brand AS: Key Employees
- Table 10: Codan Forsikring AS: key facts
- Table 11: Codan Forsikring AS: Key Employees
- Table 12: Tryg A/S: key facts
- Table 13: Tryg A/S: Annual Financial Ratios
- Table 14: Tryg A/S: Key Employees
- Table 15: Topdanmark AS: key facts
- Table 16: Topdanmark AS: Annual Financial Ratios
- Table 17: Topdanmark AS: Key Employees
- Table 18: Topdanmark AS: Key Employees Continued
- Table 19: Denmark size of population (million), 2018–22
- Table 20: Denmark gdp (constant 2005 prices, $ billion), 2018–22
- Table 21: Denmark gdp (current prices, $ billion), 2018–22
- Table 22: Denmark inflation, 2018–22
- Table 23: Denmark consumer price index (absolute), 2018–22
- Table 24: Denmark exchange rate, 2017–21
- List of Figures
- Figure 1: Denmark non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Denmark non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Denmark non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Denmark non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Denmark, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Denmark, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Denmark, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Denmark, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Denmark, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Denmark, 2022
- Figure 11: Denmark non-life insurance market share: % share, by value, 2022(e)
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