Finland Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Finland industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 Finnish non-life insurance market had total gross written premiums of $6 billion in 2022, representing a compound annual growth rate (CAGR) of 3.6% between 2017 and 2022.
- The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $2.3 billion, equivalent to 38.1% of the market's overall value.
- In 2022, inflation will increase insurance prices for customers in Finland, and non-life insurance companies will face higher claim costs as a result. The Property segment contributed gross written premiums of $1.3 billion in 2022, equating to 22.5% of the market's aggregate value.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Finland
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Finland
- 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 Finland non-life insurance market with five year forecasts
- What was the size of the Finland non-life insurance market by value in 2022?
- What will be the size of the Finland non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Finland non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Finland'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. Fennia-ryhma
- 8.2. If P&C Insurance Holding Ltd
- 8.3. Pohjola Bank Private Banking
- 8.4. LocalTapiola Group
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. About MarketLine
- List of Tables
- Table 1: Finland non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Finland non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Finland non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Finland non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Finland non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Finland non-life insurance market share: % share, by value, 2022(e)
- Table 7: Fennia-ryhma: key facts
- Table 8: Fennia-ryhma: Key Employees
- Table 9: If P&C Insurance Holding Ltd: key facts
- Table 10: If P&C Insurance Holding Ltd: Key Employees
- Table 11: Pohjola Bank Private Banking: key facts
- Table 12: Pohjola Bank Private Banking: Key Employees
- Table 13: LocalTapiola Group: key facts
- Table 14: LocalTapiola Group: Key Employees
- Table 15: Finland size of population (million), 2018–22
- Table 16: Finland gdp (constant 2005 prices, $ billion), 2018–22
- Table 17: Finland gdp (current prices, $ billion), 2018–22
- Table 18: Finland inflation, 2018–22
- Table 19: Finland consumer price index (absolute), 2018–22
- Table 20: Finland exchange rate, 2017–21
- List of Figures
- Figure 1: Finland non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Finland non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Finland non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Finland non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Finland, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Finland, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Finland, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Finland, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Finland, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Finland, 2022
- Figure 11: Finland non-life insurance market share: % share, by value, 2022(e)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook