Norway Life Insurance Market to 2027
Summary
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%.
- 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
- 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?
- 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 MarketLine research
- 10.4. About MarketLine
- 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
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