Personal Accident and Health Insurance in Norway, Key Trends and Opportunities to 2020

  • ID: 4369310
  • Report
  • Region: Norway
  • 105 pages
  • GlobalData
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FEATURED COMPANIES

  • Danica
  • DNB Forsikring
  • Eika Forsikring
  • Frende Skadeforsikring
  • Gjensidige
  • Nordea
  • MORE
The 'Personal Accident and Health Insurance in Norway Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Norwegian personal accident and health insurance segment, and a comparison of the Norwegian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Norwegian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary:

The ' Personal Accident and Health Insurance in Norway, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Norwegian personal accident and health insurance segment, including:
  • The Norwegian personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • A comprehensive overview of the Norwegian economy and demographics
  • The various distribution channels in the Norwegian personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Norway
  • Details of regulatory policy applicable to the Norwegian insurance industry
Scope:

This report provides a comprehensive analysis of the personal accident and health insurance segment in Norway:
  • It provides historical values for the Norwegian personal accident and health insurance segment for the report’s 2011-2015 review period, and projected figures for the 2015-2020 forecast period.
  • It offers a detailed analysis of the key categories in the Norwegian personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Norwegian personal accident and health insurance segment with its regional counterparts.
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Norway.
  • It profiles the top personal accident and health insurance companies in Norway, and outlines the key regulations affecting them.
Reasons To Buy:
  • Make strategic business decisions using in-depth historic and forecast market data related to the Norwegian personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Norwegian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Norwegian insurance industry, and their impact on companies and the industry's future.
Key Highlights:
  • The personal accident and health segment accounted for 7.2% of the overall insurance gross written premium in Norway in 2015.
  • Private health insurance is mainly purchased by employers as supplementary policies on behalf of employees.
  • The travel category accounted for the largest share, with 50.3% in 2015.
  • To meet growing demand, health insurers are launching innovative health insurance products to private customers in addition to corporate buyers.
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Danica
  • DNB Forsikring
  • Eika Forsikring
  • Frende Skadeforsikring
  • Gjensidige
  • Nordea
  • MORE
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium
4.2.2 Profitability
4.2.3 Assets and investments
5 Outlook by Category
5.1 Personal Accident Insurance
5.1.1 Premium
5.1.2 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Policies
5.2.3 Profitability
5.3 Travel Insurance
5.3.1 Premium
5.3.2 Policies
5.3.3 Profitability
6 Distribution Channel Outlook
7 Competitive Landscape
7.1 Company Profiles
7.1.1 Gjensidige - company overview
7.1.2 SpareBank 1 Forsikring - company overview
7.1.3 Storebrand Forsikring - company overview
7.1.4 DNB Forsikring - company overview
7.1.5 Nordea Insurance - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Workmen’s compensation insurance
8.4.2 Motor third-party liability insurance
8.4.3 Air carriers and aircraft liability insurance
8.4.4 Natural disaster insurance for property cover
8.4.5 Professional indemnity insurance for alternative investment fund managers
8.4.6 Professional indemnity insurance for insurance brokers
8.4.7 Third-party liability insurance for remotely piloted aerial vehicles
8.4.8 Third-party liability insurance for nuclear facilities
8.4.9 Clinical trials liability insurance
8.4.10 Liability for ships with respect to oil pollution
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 European Insurance and Occupational Pensions Authority
8.5.3 The Financial Supervisory Authority of Norway
8.5.4 The Nordic Association of Marine Insurers
8.6 Non-Admitted Insurance Regulation
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and Penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Databook
9.1 Policies and Premium
9.1.1 Claims and expenses
9.1.2 Assets and investments
9.1.3 Personal accident insurance
9.1.4 Health insurance
9.1.5 Travel insurance
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About
11.1 Contact
11.2 About
11.3 Services
11.4 Disclaimer

List of Tables
Table 1: Norwegian Personal Accident and Health Insurance - Key Facts, 2015
Table 2: Norwegian Personal Accident and Health Insurance - Segment Shares (%) of the Top Insurers, 2015
Table 3: Norwegian Government Credit Ratings
Table 4: Norwegian Personal Accident and Health Insurance - Gross Written Premium (NOK Billion and US$ Billion), 2011-2015
Table 5: Norwegian Personal Accident and Health Insurance - Gross Written Premium (NOK Billion and US$ Billion), 2015-2020
Table 6: Norwegian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
Table 7: Norwegian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
Table 8: Norwegian Personal Accident and Health Insurance - Total Assets (NOK Billion and US$ Billion), 2011-2015
Table 9: Norwegian Personal Accident and Health Insurance - Total Assets (NOK Billion and US$ Billion), 2015-2020
Table 10: Norwegian Personal Accident and Health Insurance - Total Investment Income (NOK Billion and US$ Million), 2011-2015
Table 11: Norwegian Personal Accident and Health Insurance - Total Investment Income (NOK Billion and US$ Million), 2015-2020
Table 12: Norwegian Personal Accident and Health Insurance - Investment Portfolio (NOK Billion), 2011-2015
Table 13: Norwegian Personal Accident and Health Insurance - Investment Portfolio (NOK Billion), 2015-2020
Table 14: Norwegian Personal Accident and Health Insurance - Gross Written Premium by Category (NOK Billion),2011-2015
Table 15: Norwegian Personal Accident and Health Insurance - Gross Written Premium by Category (NOK Billion), 2015-2020
Table 16: Norwegian Personal Accident Insurance - Gross Written Premium (NOK Billion and US$ Million), 2011-2015
Table 17: Norwegian Personal Accident Insurance - Gross Written Premium (NOK Billion and US$ Million), 2015-2020
Table 18: Norwegian Personal Accident Insurance - Loss Ratio (%), 2011-2015
Table 19: Norwegian Personal Accident Insurance - Loss Ratio (%), 2015-2020
Table 20: Norwegian Health Insurance - Gross Written Premium by Sub-Category (NOK Billion and US$ Million ), 2011-2015
Table 21: Norwegian Health Insurance - Gross Written Premium by Sub-Category (NOK Billion and US$ Million), 2015-2020
Table 22: Norwegian Health Insurance - Number of Policies Sold (Million), 2011-2015
Table 23: Norwegian Health Insurance - Number of Policies Sold (Million), 2015-2020
Table 24: Norwegian Health Insurance - Loss Ratio (%), 2011-2015
Table 25: Norwegian Health Insurance - Loss Ratio (%), 2015-2020
Table 26: Norwegian Travel Insurance - Gross Written Premium (NOK Billion), 2011-2015
Table 27: Norwegian Travel Insurance - Gross Written Premium (NOK Billion), 2015-2020
Table 28: Norwegian Travel Insurance - Number of Policies Sold (Million), 2011-2015
Table 29: Norwegian Travel Insurance - Number of Policies Sold (Million), 2015-2020
Table 30: Norwegian Travel Insurance - Loss Ratio (%), 2011-2015
Table 31: Norwegian Travel Insurance - Loss Ratio (%), 2015-2020
Table 32: Norwegian Personal Accident and Health Insurance Industry - Market Shares of Leading Insurers (%), 2015
Table 33: Gjensidige - Key Facts
Table 34: Sparebank 1 Skadeforsikring - Key Facts
Table 35: Storebrand - Key Facts
Table 36: DNB Forsikring - Key Facts
Table 37: Nordea - Key Facts
Table 38: Norway - Insurance Regulatory Framework Key Features
Table 39: Norway- Life Insurance Regulatory Framework
Table 40: Norway - Property Insurance Regulatory Framework
Table 41: Norway - Motor Insurance Regulatory Framework
Table 42: Norway - Liability Insurance Regulatory Framework
Table 43: Norway - Minimum Cover for Aircraft Third-Party Liability per Accident per Aircraft
Table 44: Norway - Corporate Tax Rates for the Financial Year 2016
Table 45: Norwegian Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
Table 46: Norwegian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
Table 47: Norwegian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 48: Norwegian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 49: Norwegian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 50: Norwegian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 51: Norwegian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
Table 52: Norwegian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
Table 53: Norwegian Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 54: Norwegian Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 55: Norwegian Personal Accident and Health Insurance - Travel Insurance, 2011-2015
Table 56: Norwegian Personal Accident and Health Insurance - Travel Insurance, 2015-2020
Table 57: Insurance Industry Definitions

List of Figures
Figure 1: Norwegian Real GDP (NOK Trillion), 2011-2020
Figure 2: Norwegian NOK-US$ Exchange Rate, 2011-2020
Figure 3: Norwegian Consumer Price Inflation (%), 2011-2020
Figure 4: Norwegian Current Account Balance as Percentage of GDP (%), 2011-2015
Figure 5: Norwegian Unemployment Rate (%), 2011-2020
Figure 6: Norwegian Population by Age Group, 1991-2025
Figure 7: Norwegian Insurance Segment Gross Written Premium Shares - Regional Comparison (%), 2015
Figure 8: Norwegian Personal Accident and Health Insurance - Gross Written Premium (NOK Billion), 2011-2020
Figure 9: Norwegian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2020
Figure 10: Norwegian Personal Accident and Health Insurance - Total Assets (NOK Billion), 2011-2020
Figure 11: Norwegian Personal Accident and Health Insurance - Total Investment Income (NOK Billion), 2011-2020
Figure 12: Norwegian Personal Accident and Health Insurance - Investment Portfolio (NOK Billion), 2011-2020
Figure 13: Norwegian Personal Accident and Health Insurance - Investment Portfolio Dynamics by Category, 2011-2020
Figure 14: Norwegian Personal Accident and Health Insurance - Gross Written Premium by Category (NOK Billion), 2011-2020
Figure 15: Norwegian Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2011-2020
Figure 16: Norwegian Personal Accident Insurance - Gross Written Premium (NOK Billion), 2011-2020
Figure 17: Norwegian Personal Accident Insurance - Earned Premium, Incurred Loss and Loss Ratio (NOK Billion and %), 2011-2020
Figure 18: Norwegian Health Insurance - Growth Written Premium by Sub-Category (NOK Billion), 2011-2020
Figure 19: Norwegian Health Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2020
Figure 20: Norwegian Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (NOK Billion and %), 2011-2020
Figure 21: Norwegian Travel Insurance - Gross Written Premium (NOK Billion), 2011-2020
Figure 22: Norwegian Travel Insurance - Number of Policies Sold (Million), 2011-2020
Figure 23: Norwegian Travel Insurance - Earned Premium, Incurred Loss and Loss Ratio (NOK Billion and %), 2011-2020
Figure 24: Norwegian Personal Accident and Health Insurance Industry - Market Shares of Leading Insurers (%), 2015
Figure 25: Norway - The Three pillars of Solvency II
Figure 26: Norway - Insurance Supervision and Control at Various Levels
Figure 27: Norway - Insurance Regulatory Frameworks for Company Registration and Operation
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  • Gjensidige
  • SpareBank 1 Forsikring
  • Storebrand
  • DNB Forsikring
  • Nordea
  • Frende Skadeforsikring
  • Eika Forsikring
  • Danica
  • Protector Forsikring
  • Jernbanepersonalets forsikring
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