Sweden Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Sweden 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 Swedish non-life insurance market had total gross written premiums of $12.3 billion in 2022, representing a compound annual growth rate (CAGR) of 4.9% between 2017 and 2022.
- The Property segment accounted for market's the largest proportion in 2022, with total gross written premiums of $4.6 billion, equivalent to 37.5% of the market's overall value.
- According to European Automobile Manufacturers’ Association (ACEA), the number of car registrations had increased to 25,588 units in November 2022 as compared to 21,056 units in November 2021.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Sweden
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Sweden
- 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 Sweden non-life insurance market with five year forecasts
- What was the size of the Sweden non-life insurance market by value in 2022?
- What will be the size of the Sweden non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Sweden non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Sweden'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 are the strengths of 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. Folksam
- 8.2. If Skadeforsikring NUF
- 8.3. Lansforsakringar AB
- 8.4. Trygg-Hansa Forsskrings AB
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. About MarketLine
- List of Tables
- Table 1: Sweden non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Sweden non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Sweden non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Sweden non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Sweden non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Sweden non-life insurance market share: % share, by value, 2022(e)
- Table 7: Folksam: key facts
- Table 8: Folksam: Key Employees
- Table 9: If Skadeforsikring NUF: key facts
- Table 10: If Skadeforsikring NUF: Key Employees
- Table 11: Lansforsakringar AB: key facts
- Table 12: Lansforsakringar AB: Key Employees
- Table 13: Trygg-Hansa Forsskrings AB: key facts
- Table 14: Trygg-Hansa Forsskrings AB: Key Employees
- Table 15: Sweden size of population (million), 2018–22
- Table 16: Sweden gdp (constant 2005 prices, $ billion), 2018–22
- Table 17: Sweden gdp (current prices, $ billion), 2018–22
- Table 18: Sweden inflation, 2018–22
- Table 19: Sweden consumer price index (absolute), 2018–22
- Table 20: Sweden exchange rate, 2017–21
- List of Figures
- Figure 1: Sweden non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Sweden non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Sweden non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Sweden non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Sweden, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Sweden, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Sweden, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Sweden, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Sweden, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Sweden, 2022
- Figure 11: Sweden non-life insurance market share: % share, by value, 2022(e)
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