Life Insurance Industry Risk Analysis: Denmark (Kingdom of) Jul 06
Standard & Poors, July 2006
Abstract
Standard & Poor's Ratings Services expects ratings on Danish life insurers to remain broadly stable over the next two years. We consider economic risk in the Kingdom of Denmark (AAA/Stable/A-1+) to be moderately low, and regard life insurance industry risk as moderate. Denmark is probably the most mature life insurance market in the Scandinavian region on the basis of the highest insurance penetration, but some areas are still developing. Despite this high penetration, both new and total business are continuing to display substantial and steady growth, particularly the rapidly developing unit-linked sector. Market concentration is markedly lower than in the other Scandinavian countries, although the top three insurers still account for more than one-half of total premiums. The Danish regulator...
Companies mentioned in this report are:
- Svenska Handelsbanken AB
- DNB Bank ASA
- Skandia Insurance Co. Ltd.
- Storebrand Livsforsikring AS
- Kommunal Landspensjonskasse
- Alecta pensionforsakring, omseidigt (Unsolicited Ratings)
- AMF - pensionsforsakringsaktiebolaget (Unsolicited Ratings)
- Folksam omsesidig livforsakring
- Nordea Bank AB
- International Health Insurance Danmark A/S (Unsolicited Ratings)
- Old Mutual PLC
- Danica Pension Livsforsikringsaktieselskab
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- Svenska Handelsbanken AB
- DNB Bank ASA
- Skandia Insurance Co. Ltd.
- Storebrand Livsforsikring AS
- Kommunal Landspensjonskasse
- Alecta pensionforsakring, omseidigt (Unsolicited Ratings)
- AMF - pensionsforsakringsaktiebolaget (Unsolicited Ratings)
- Folksam omsesidig livforsakring
- Nordea Bank AB
- International Health Insurance Danmark A/S (Unsolicited Ratings)
- Old Mutual PLC
- Danica Pension Livsforsikringsaktieselskab
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