Norway Non-Life Insurance Market to 2027

Norway Non-Life Insurance Market to 2027


Summary
Non-Life Insurance in Norway 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
  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The Norwegian non-life insurance market had total gross written premiums of $8.1 billion in 2022, representing a compound annual growth rate (CAGR) of 6.6% between 2017 and 2022.
  • The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $3 billion, equivalent to 37.4% of the market's overall value.
  • Non-life insurance coverage in the Norwegian population is relatively high. According to in-house research, in 2022, Norway’s non-life insurance penetration (ratio of premiums to GDP) stood at 2.8%.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Norway
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Norway
  • 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 Norway non-life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the Norway non-life insurance market by value in 2022?
  • What will be the size of the Norway non-life insurance market in 2027?
  • What factors are affecting the strength of competition in the Norway non-life insurance market?
  • How has the market performed over the last five years?
  • How large is Norway’s non-life insurance market in relation to its regional counterparts?


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 the leading players follow?
7.4. What are the strengths of the leading players?
7.5. Has there been any significant M&A activity, partnership and new product development in recent years?
8 Company Profiles
8.1. Gjensidige Forsikring ASA
8.2. If P&C Insurance Holding Ltd
8.3. Tryg A/S
8.4. If P&C Insurance Holding Ltd
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 non-life insurance market value: $ billion, 2017–22
Table 2: Norway non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Norway non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Norway non–life insurance market geography segmentation: $ billion, 2022
Table 5: Norway non-life insurance market value forecast: $ billion, 2022–27
Table 6: Norway non-life insurance market share: % share, by value, 2022
Table 7: Gjensidige Forsikring ASA: key facts
Table 8: Gjensidige Forsikring ASA: Annual Financial Ratios
Table 9: Gjensidige Forsikring ASA: Key Employees
Table 10: If P&C Insurance Holding Ltd: key facts
Table 11: If P&C Insurance Holding Ltd: 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: If P&C Insurance Holding Ltd: key facts
Table 16: If P&C Insurance Holding Ltd: Key Employees
Table 17: Norway size of population (million), 2018–22
Table 18: Norway gdp (constant 2005 prices, $ billion), 2018–22
Table 19: Norway gdp (current prices, $ billion), 2018–22
Table 20: Norway inflation, 2018–22
Table 21: Norway consumer price index (absolute), 2018–22
Table 22: Norway exchange rate, 2018–22
List of Figures
Figure 1: Norway non-life insurance market value: $ billion, 2017–22
Figure 2: Norway non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Norway non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: Norway non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in Norway, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Norway, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Norway, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Norway, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Norway, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Norway, 2022
Figure 11: Norway non-life insurance market share: % share, by value, 2022

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