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Life Insurance in Scandinavia

  • ID: 3634772
  • Report
  • December 2020
  • Region: Denmark, Norway, Sweden
  • 37 pages
  • MarketLine

FEATURED COMPANIES

  • Nordea Liv
  • OP Financial Group
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Life Insurance in Scandinavia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.



Key Highlights
  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2019 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
  • The Scandinavian life insurance market is expected to generate total gross written premiums of $88.4bn in 2020, representing a compound annual growth rate (CAGR) of 4% between 2016 and 2020.
  • The Life insurance segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $54.5bn, equivalent to 61.7% of the market's overall value.
  • One of the main drivers of life insurance spending is consumer confidence. If consumers are confident in their economic ability and the long-term economic prospects of their country, then they are very unlikely to buy life insurance.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Scandinavia.
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Scandinavia.
  • 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 Scandinavia life insurance market with five year forecasts.
Reasons to Buy
  • What was the size of the Scandinavia life insurance market by value in 2020?
  • What will be the size of the Scandinavia life insurance market in 2025?
  • What factors are affecting the strength of competition in the Scandinavia life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Scandinavia's life insurance market?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Nordea Liv
  • OP Financial Group
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 is the rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?

8 Company Profiles
8.1. OP Financial Group
8.2. Kommunal Landspensjonskasse
8.3. Nordea Liv
8.4. Alecta Pensionsforsakring Omsesidigt

9 Appendix
9.1. Methodology
9.2. About the Author

List of Tables
Table 1: Scandinavia life insurance market value: $ billion, 2016-20(e)
Table 2: Scandinavia life insurance market category segmentation: $ billion, 2020(e)
Table 3: Scandinavia life insurance market geography segmentation: $ billion, 2020(e)
Table 4: Scandinavia life insurance market value forecast: $ billion, 2020-25
Table 5: Scandinavia life insurance market share: % share, by value, 2020(e)
Table 6: OP Financial Group: key facts
Table 7: OP Financial Group: Key Employees
Table 8: OP Financial Group: Key Employees Continued
Table 9: Kommunal Landspensjonskasse: key facts
Table 10: Kommunal Landspensjonskasse: Key Employees
Table 11: Nordea Liv: key facts
Table 12: Nordea Liv: Key Employees
Table 13: Alecta Pensionsforsakring Omsesidigt: key facts
Table 14: Alecta Pensionsforsakring Omsesidigt: Key Employees

List of Figures
Figure 1: Scandinavia life insurance market value: $ billion, 2016-20(e)
Figure 2: Scandinavia life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Scandinavia life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Scandinavia life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in Scandinavia, 2020
Figure 6: Drivers of buyer power in the life insurance market in Scandinavia, 2020
Figure 7: Drivers of supplier power in the life insurance market in Scandinavia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Scandinavia, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Scandinavia, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in Scandinavia, 2020
Figure 11: Scandinavia life insurance market share: % share, by value, 2020(e)
Note: Product cover images may vary from those shown
  • OP Financial Group
  • Kommunal Landspensjonskasse
  • Nordea Liv
  • Alecta Pensionsforsakring Omsesidigt
Note: Product cover images may vary from those shown
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