Synopsis
The Norwegian life insurance segment grew rapidly during the review period; the segment accounted 60.7% of the insurance industry's gross written premium in 2013, representative of a review-period (2009–2013) compound annual growth rate (CAGR) of 6.7%. Despite prevalent low interest rates and the financial crisis, the segment managed to post positive growth during the review period. Such growth can be attributed to the robust growth registered in the endowment and group superannuation categories. This was further supported by economic growth. Bancassurance was the most popular and widely used distribution channel in the life insurance segment. This channel accounted for a 57% share of the total revenue generated through distribution channels in 2013. The segment’s gross written premium is expected to increase at a forecast-period CAGR of 4.0%.
Scope
This report provides a comprehensive analysis of the life insurance segment in Norway:
• It provides historical values for the Norwegian life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key categories in the Norwegian life insurance segment, along with market forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for life insurance products in Norway.
• It profiles the top life insurance companies in Norway and outlines the key regulations affecting them.
Summary
The report provides in-depth market analysis, information and insights into the Norwegian life insurance segment, including:
• The Norwegian life insurance segment’s growth prospects by life insurance category
• Key trends, drivers and challenges for the life insurance segment
• The various distribution channels in the Norwegian life insurance segment
• The detailed competitive landscape in the life insurance segment in Norway
• Detailed regulatory policies of the Norwegian insurance industry
• Analysis of various consumer segments in Norwegian life insurance
• Key developments in the Norwegian life insurance segment
• New products launched by Norwegian life insurers
Reasons To Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Norwegian life insurance segment and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Norwegian life insurance segment.
• Assess the competitive dynamics in the life insurance segment.
• Identify the 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 Norwegian life insurance segment is highly concentrated, as the 10 leading insurers accounted for 98.0% of the segment’s gross written premiums in 2013
• The growth of endowment and group superannuation policies during the review period was majorly supported by awareness of pensions and increases in life expectancy.
• Bancassurance accounted for a 57% share of the total revenue generated through distribution channels in life segment in 2013.
• The growth in the life segment can be attributed to the robust growth in the endowment and group superannuation categories, as well as the country’s economic development.
• The new occupational pension act which came into effect in January 2014 made insurers to focus more on pension policies, which was further promoted by increasing life expectancy .
• Calculative higher allocation of policies to fixed income instruments, followed by divestment in equities boosted the growth of life segment.
Table Of Contents
1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Norwegian Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009–2018
5 Life Insurance Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Life Insurance Growth Prospects by Category
5.6 Individual Life Insurance
5.6.1 Individual general annuity insurance
5.6.2 Individual pension insurance
5.6.3 Individual endowment insurance
5.6.4 Individual term life insurance
5.6.5 Other individual other insurance
5.7 Group Life Insurance
5.7.1 Group whole life insurance
5.7.2 Group superannuation insurance
5.7.3 Other group life insurance
5.8 Life Insurance Growth Prospects by Customer Segment
5.8.1 Individual single-premium insurance
5.8.2 Individual non-single-premium insurance
5.8.3 Group single-premium insurance
5.8.4 Group non-single-premium insurance
5.9 Life Insurance Growth Prospects by Product Type
5.9.1 Total linked insurance business
5.9.2 Total non-linked insurance business
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-commerce
6.5 Brokers
6.6 Other Channels
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Legislation and Market Practice by Type of Insurance
7.2.1 Life insurance
7.2.2 Property insurance
7.2.3 Motor insurance
7.2.4 Liability insurance
7.2.5 Marine, aviation and transit insurance
7.2.6 Personal accident and health insurance
7.3 Compulsory Insurance
7.3.1 Workmen’s compensation
7.3.2 Motor third-party liability insurance
7.3.3 Natural disaster insurance for property cover
7.4 Supervision and Control
7.4.1 International Association of Insurers Supervisors
7.4.2 European Insurance and Occupational Pensions Authority (EIOPA)
7.4.3 The Financial Supervisory Authority of Norway (FSA)
7.5 Non-Admitted Insurance Regulations
7.5.1 Overview
7.5.2 Intermediaries
7.5.3 Market practices
7.5.4 Fines and penalties
7.6 Company Registration and Operations
7.6.1 Types of insurance organization
7.6.2 Establishing a local company
7.6.3 Foreign ownership
7.6.4 Types of license
7.6.5 Capital requirements
7.6.6 Solvency margins
7.6.7 Reserve requirements
7.6.8 Investment regulations
7.6.9 Statutory return requirements
7.6.10 Fee structure
7.7 Taxation
7.7.1 Insurance premium or policy taxation
7.7.2 Withholding taxes on premium paid overseas
7.7.3 Corporate tax
7.7.4 VAT
7.7.5 Captives
7.8 Legal System
7.8.1 Introduction
7.8.2 Access to court
7.8.3 Alternative dispute resolution (ADR)
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Norwegian Life Insurance Segment
8.3 Comparison of the Leading Five Insurers
8.3.1 Gross written premium
8.3.2 Gross claims
8.3.3 Total assets
8.4 Leading Life Insurers – Product Portfolio
8.5 Leading Life Insurers – Key Developments
8.6 Kommunal Landspensjonskasse (KLP) – Company Overview
8.6.1 Kommunal Landspensjonskasse (KLP) – key facts
8.6.2 Kommunal Landspensjonskasse (KLP) – key financials
8.7 DNB Livsforsikring ASA – Company Overview
8.7.1 DNB Livsforsikring ASA – key facts
8.7.2 DNB Livsforsikring ASA – key financials
8.8 Storebrand Livsforsikring – Company Overview
8.8.1 Storebrand Livsforsikring – key facts
8.8.2 Storebrand Livsforsikring – key financials
8.9 Nordea Livsforsikring – Company Overview
8.9.1 Nordea Livsforsikring – key facts
8.9.2 Nordea Livsforsikring – key financials
8.1 Oslo Pensjonsforsikring – Company Overview
8.10.1 Oslo Pensjonsforsikring – key facts
8.10.2 Oslo Pensjonsforsikring – key financials
8.11 Sparebank 1 Livsforsikring AS – Company Overview
8.11.1 Sparebank 1 Livsforsikring AS – key facts
8.11.2 Sparebank 1 Livsforsikring AS – key financials
8.12 Gjensidige Pensjon – Company Overview
8.12.1 Gjensidige Pensjon – key facts
8.12.2 Gjensidige Pensjon – key financials
8.13 Danica Pensjonsforsikring AS – Company Overview
8.13.1 Danica Pensjonsforsikring AS – key facts
8.13.2 Danica Pensjonsforsikring AS – key financials
8.14 Gjensidige Forsikring ASA – Company Overview
8.14.1 Gjensidige Forsikring ASA – key facts
9 Appendix – 1
9.1 Business Confidence
9.1.1 Market capitalization trend – Oslo Stock Exchange (OBX), Norway
9.2 Economic Performance
9.2.1 GDP at constant prices (US$)
9.2.2 GDP per capita at constant prices (US$)
9.2.3 GDP at current prices (US$)
9.2.4 GDP per capita at current prices (US$)
9.2.5 GDP by key sector
9.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
9.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
9.2.8 Manufacturing net output at current prices (US$)
9.2.9 Manufacturing net output at current prices as a percentage of GDP
9.2.10 Mining, manufacturing and utilities at current prices (US$)
9.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
9.2.12 Construction net output at current prices, (US$)
9.2.13 Construction net output at current prices as a percentage of GDP
9.2.14 Inflation rate
9.2.15 Exports as a percentage of GDP
9.2.16 Imports as a percentage of GDP
9.2.17 Merchandise exports growth
9.2.18 Merchandise imports growth
9.2.19 Annual average exchange rate NOK–US$
9.3 Infrastructure
9.3.1 Commercial vehicle exports – total value
9.3.2 Commercial vehicle imports – total value
9.3.3 Automotive exports – total value
9.3.4 Automotive imports – total value
9.3.5 Total internet subscribers
9.4 Labor Force
9.4.1 Labor force
9.4.2 Unemployment rate
9.5 Demographics
9.5.1 Gross national disposable income (US$)
9.5.2 Household consumption expenditure (US$)
9.5.3 Total population
9.5.4 Urban and rural populations
9.5.5 Age distribution of the total population
9.5.6 Life expectancy
10 Appendix – 2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric’s Services
10.5 Disclaimer
List Of Tables
Table 1: Norwegian Life Insurance – Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Norwegian Insurance Industry – Gross Written Premium by Segment (NOK Billion), 2009–2013
Table 4: Norwegian Insurance Industry – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 5: Norwegian Insurance Industry – Gross Written Premium by Segment (NOK Billion), 2013–2018
Table 6: Norwegian Insurance Industry – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 7: Norwegian Insurance Industry – Gross Written Premium by Segment (Percentage Share), 2009–2018
Table 8: Norwegian Insurance Industry – Direct Written Premium by Segment (NOK Billion), 2009–2013
Table 9: Norwegian Insurance Industry – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 10: Norwegian Insurance Industry – Direct Written Premium by Segment (NOK Billion), 2013–2018
Table 11: Norwegian Insurance Industry – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 12: Norwegian Insurance Industry – Direct Written Premium by Segment (Percentage Share), 2009–2018
Table 13: Norwegian Life Insurance – Gross Written Premium by Category (NOK Billion), 2009–2013
Table 14: Norwegian Life Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 15: Norwegian Life Insurance – Gross Written Premium by Category (NOK Billion), 2013–2018
Table 16: Norwegian Life Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 17: Norwegian Life Insurance – New Business Written Premium (NOK Billion), 2009–2013
Table 18: Norwegian Life Insurance – New Business Written Premium (NOK Billion), 2013–2018
Table 19: Norwegian Life Insurance – Earned Premium (NOK Billion), 2009–2013
Table 20: Norwegian Life Insurance – Earned Premium (NOK Billion), 2013–2018
Table 21: Norwegian Life Insurance – Sum Assured (NOK Trillion), 2009–2013
Table 22: Norwegian Life Insurance – Sum Assured (NOK Trillion), 2013–2018
Table 23: Norwegian Life Insurance – Paid Claims (NOK Billion), 2009–2013
Table 24: Norwegian Life Insurance – Paid Claims (NOK Billion), 2013–2018
Table 25: Norwegian Life Insurance – Incurred Loss (NOK Billion), 2009–2013
Table 26: Norwegian Life Insurance – Incurred Loss (NOK Billion), 2013–2018
Table 27: Norwegian Life Insurance – Loss Ratio (%), 2009–2013
Table 28: Norwegian Life Insurance – Loss Ratio (%), 2013–2018
Table 29: Norwegian Life Insurance – Commissions and Expenses (NOK Billion), 2009–2013
Table 30: Norwegian Life Insurance – Commissions and Expenses (NOK Billion), 2013–2018
Table 31: Norwegian Life Insurance – Combined Ratio (%), 2009–2013
Table 32: Norwegian Life Insurance – Combined Ratio (%), 2013–2018
Table 33: Norwegian Life Insurance – Fraud and Crimes (NOK Billion), 2009–2013
Table 34: Norwegian Life Insurance – Fraud and Crimes (NOK Billion), 2013–2018
Table 35: Norwegian Life Insurance – Total Assets (NOK Billion), 2009–2013
Table 36: Norwegian Life Insurance – Total Assets (NOK Billion), 2013–2018
Table 37: Norwegian Life Insurance – Total Investment Income (NOK Billion), 2009–2013
Table 38: Norwegian Life Insurance – Total Investment Income (NOK Billion), 2013–2018
Table 39: Norwegian Life Insurance – Retentions (NOK Billion), 2009–2013
Table 40: Norwegian Life Insurance – Retentions (NOK Billion), 2013–2018
Table 41: Norwegian Individual Life Insurance – Gross Written Premium by Category (NOK Billion), 2009–2013
Table 42: Norwegian Individual Life Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 43: Norwegian Individual Life Insurance – Gross Written Premium by Category (NOK Billion), 2013–2018
Table 44: Norwegian Individual Life Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 45: Norwegian Individual Life Insurance – Direct Written Premium by Category (NOK Billion), 2009–2013
Table 46: Norwegian Individual Life Insurance – Direct Written Premium by Category (US$ Billion), 2009–2013
Table 47: Norwegian Individual Life Insurance – Direct Written Premium by Category (NOK Billion), 2013–2018
Table 48: Norwegian Individual Life Insurance – Direct Written Premium by Category (US$ Billion), 2013–2018
Table 49: Norwegian Individual Life Insurance – Policies by Category (Thousand), 2009–2013
Table 50: Norwegian Individual Life Insurance – Policies by Category (Thousand), 2013–2018
Table 51: Norwegian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2009–2013
Table 52: Norwegian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2013–2018
Table 53: Norwegian Individual General Annuity Insurance – Gross Written Premium (NOK Billion), 2009–2013
Table 54: Norwegian Individual General Annuity Insurance – Gross Written Premium (NOK Billion), 2013–2018
Table 55: Norwegian Individual Pension Insurance – Number of Active Policies (Thousand), 2009–2013
Table 56: Norwegian Individual Pension Insurance – Number of Active Policies (Thousand), 2013–2018
Table 57: Norwegian Individual Pension Insurance – Gross Written Premium (NOK Billion), 2009–2013
Table 58: Norwegian Individual Pension Insurance – Gross Written Premium (NOK Billion), 2013–2018
Table 59: Norwegian Individual Endowment Insurance – Number of Active Policies (Thousand), 2009–2013
Table 60: Norwegian Individual Endowment Insurance – Number of Active Policies (Thousand), 2013–2018
Table 61: Norwegian Individual Endowment Insurance – Gross Written Premium (NOK Billion), 2009–2013
Table 62: Norwegian Individual Endowment Insurance – Gross Written Premium (NOK Billion), 2013–2018
Table 63: Norwegian Individual Term Life Insurance – Number of Active Policies (Thousand), 2009–2013
Table 64: Norwegian Individual Term Life Insurance – Number of Active Policies (Thousand), 2013–2018
Table 65: Norwegian Individual Term Life Insurance – Gross Written Premium (NOK Billion), 2009–2013
Table 66: Norwegian Individual Term Life Insurance – Gross Written Premium (NOK Billion), 2013–2018
Table 67: Norwegian Other Individual Insurance – Number of Active Policies (Thousand), 2009–2013
Table 68: Norwegian Other Individual Insurance – Number of Active Policies (Thousand), 2013–2018
Table 69: Norwegian Other Individual Insurance – Gross Written Premium (NOK Billion), 2009–2013
Table 70: Norwegian Other Individual Insurance – Gross Written Premium (NOK Billion), 2013–2018
Table 71: Norwegian Group Life Insurance – Gross Written Premium by Category (NOK Billion), 2009–2013
Table 72: Norwegian Group Life Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 73: Norwegian Group Life Insurance – Gross Written Premium by Category (NOK Billion), 2013–2018
Table 74: Norwegian Group Life Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 75: Norwegian Group Life Insurance – Direct Written Premium by Category (NOK Billion), 2009–2013
Table 76: Norwegian Group Life Insurance – Direct Written Premium by Category (US$ Billion), 2009–2013
Table 77: Norwegian Group Life Insurance – Direct Written Premium by Category (NOK Billion), 2013–2018
Table 78: Norwegian Group Life Insurance – Direct Written Premium by Category (US$ Billion), 2013–2018
Table 79: Norwegian Group Life Insurance – Policies by Category (Thousand), 2009–2013
Table 80: Norwegian Group Life Insurance – Policies by Category (Thousand), 2013–2018
Table 81: Norwegian Group Whole Life Insurance – Number of Active Policies (Thousand), 2009–2013
Table 82: Norwegian Group Whole Life Insurance – Number of Active Policies (Thousand), 2013–2018
Table 83: Norwegian Group Whole Life Insurance – Gross Written Premium (NOK Billion), 2009–2013
Table 84: Norwegian Group Whole Life Insurance – Gross Written Premium (NOK Billion), 2013–2018
Table 85: Norwegian Group Superannuation Insurance – Number of Active Policies (Million), 2009–2013
Table 86: Norwegian Group Superannuation Insurance – Number of Active Policies (Million), 2013–2018
Table 87: Norwegian Group Superannuation Insurance – Gross Written Premium (NOK Billion), 2009–2013
Table 88: Norwegian Group Superannuation Insurance – Gross Written Premium (NOK Billion), 2013–2018
Table 89: Norwegian Other Group Life Insurance – Number of Active Policies (Thousand), 2009–2013
Table 90: Norwegian Group Life Others Insurance – Number of Active Policies (Million), 2013–2018
Table 91: Norwegian Group Life Others Insurance – Gross Written Premium (NOK Billion), 2009–2013
Table 92: Norwegian Group Life Others Insurance – Gross Written Premium (NOK Billion), 2013–2018
Table 93: Norwegian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Table 94: Norwegian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Table 95: Norwegian Individual Single-Premium Insurance – Gross Written Premium (NOK Billion), 2009–2013
Table 96: Norwegian Individual Single-Premium Insurance – Gross Written Premium (NOK Billion), 2013–2018
Table 97: Norwegian Individual Single-Premium Insurance – Direct Written Premium (NOK Billion), 2009–2013
Table 98: Norwegian Individual Single-Premium Insurance – Direct Written Premium (NOK Billion), 2013–2018
Table 99: Norwegian Individual Non-Single-Premium Insurance – Number of Active Policies (Million), 2009–2013
Table 100: Norwegian Individual Non-Single-Premium Insurance – Number of Active Policies (Million), 2013–2018
Table 101: Norwegian Individual Non-Single-Premium Insurance – Gross Written Premium (NOK Billion), 2009–2013
Table 102: Norwegian Individual Non-Single-Premium Insurance – Gross Written Premium (NOK Billion), 2013–2018
Table 103: Norwegian Individual Non-Single-Premium Insurance – Direct Written Premium (NOK Billion), 2009–2013
Table 104: Norwegian Individual Non-Single-Premium Insurance – Direct Written Premium (NOK Billion), 2013–2018
Table 105: Norwegian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Table 106: Norwegian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Table 107: Norwegian Group Single-Premium Insurance – Gross Written Premium (NOK Billion), 2009–2013
Table 108: Norwegian Group Single-Premium Insurance – Gross Written Premium (NOK Billion), 2013–2018
Table 109: Norwegian Group Single-Premium Insurance – Direct Written Premium (NOK Billion), 2009–2013
Table 110: Norwegian Group Single-Premium Insurance – Direct Written Premium (NOK Billion), 2013–2018
Table 111: Norwegian Group Non-Single-Premium Insurance – Number of Active Policies (Million), 2009–2013
Table 112: Norwegian Group Non-Single-Premium Insurance – Number of Active Policies (Miilion), 2013–2018
Table 113: Norwegian Group Non-Single-Premium Insurance – Gross Written Premium (NOK Billion), 2009–2013
Table 114: Norwegian Group Non-Single-Premium Insurance – Gross Written Premium (NOK Billion), 2013–2018
Table 115: Norwegian Group Non-Single-Premium Insurance – Direct Written Premium (NOK Billion), 2009–2013
Table 116: Norwegian Group Non-Single-Premium Insurance – Direct Written Premium (NOK Billion), 2013–2018
Table 117: Norwegian Linked Insurance Business – Number of Active Policies (Million), 2009–2013
Table 118: Norwegian Linked Insurance Business – Number of Active Policies (Million), 2013–2018
Table 119: Norwegian Linked Insurance Business – Gross Written Premium (NOK Billion), 2009–2013
Table 120: Norwegian Linked Insurance Business – Gross Written Premium (NOK Billion), 2013–2018
Table 121: Norwegian Linked Insurance Business – Direct Written Premium (NOK Billion), 2009–2013
Table 122: Norwegian Linked Insurance Business – Direct Written Premium (NOK Billion), 2013–2018
Table 123: Norwegian Non-Linked Insurance Business – Number of Active Policies (Million), 2009–2013
Table 124: Norwegian Non-Linked Insurance Business – Number of Active Policies (Million), 2013–2018
Table 125: Norwegian Non-Linked Insurance Business – Gross Written Premium (NOK Billion), 2009–2013
Table 126: Norwegian Non-Linked Insurance Business – Gross Written Premium (NOK Billion), 2013–2018
Table 127: Norwegian Non-Linked Insurance Business – Direct Written Premium (NOK Billion), 2009–2013
Table 128: Norwegian Non-Linked Insurance Business – Direct Written Premium (NOK Billion), 2013–2018
Table 129: Norwegian Life Insurance – Direct Marketing Commission Paid (NOK Million), 2009–2013
Table 130: Norwegian Life Insurance – Direct Marketing Commission Paid (NOK Million), 2013–2018
Table 131: Norwegian Life Insurance – New Business Gross Written Premium (NOK Million), 2009–2013
Table 132: Norwegian Life Insurance – New Business Gross Written Premium (NOK Billion), 2013–2018
Table 133: Norwegian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2009–2013
Table 134: Norwegian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2013–2018
Table 135: Norwegian Life Insurance – Number of Direct Marketing Distributors, 2009–2013
Table 136: Norwegian Life Insurance – Number of Direct Marketing Distributors, 2013–2018
Table 137: Norwegian Life Insurance – Bancassurance Commission Paid (NOK Billion), 2009–2013
Table 138: Norwegian Life Insurance – Bancassurance Commission Paid (NOK Billion), 2013–2018
Table 139: Norwegian Life Insurance – New Business Gross Written Premium (NOK Billion), 2009–2013
Table 140: Norwegian Life Insurance – New Business Gross Written Premium (NOK Billion), 2013–2018
Table 141: Norwegian Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2009–2013
Table 142: Norwegian Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2013–2018
Table 143: Norwegian Life Insurance – Number of Bancassurance Distributors, 2009–2013
Table 144: Norwegian Life Insurance – Number of Bancassurance Distributors, 2013–2018
Table 145: Norwegian Life Insurance – Commission Paid to Agencies (NOK Million), 2009–2013
Table 146: Norwegian Life Insurance – Commission Paid to Agencies (NOK Billion), 2013–2018
Table 147: Norwegian Life Insurance – New Business Gross Written Premium (NOK Billion), 2009–2013
Table 148: Norwegian Life Insurance – New Business Gross Written Premium (NOK Billion), 2013–2018
Table 149: Norwegian Life Insurance – New Policies Sold Through Agencies (Thousand), 2009–2013
Table 150: Norwegian Life Insurance – New Policies Sold Through Agencies (Thousand), 2013–2018
Table 151: Norwegian Life Insurance – Number of Agencies, 2009–2013
Table 152: Norwegian Life Insurance – Number of Agencies, 2013–2018
Table 153: Norwegian Life Insurance – E-Commerce Commission Paid (NOK Million), 2009–2013
Table 154: Norwegian Life Insurance – E-Commerce Commission Paid (NOK Million), 2013–2018
Table 155: Norwegian Life Insurance – New Business Gross Written Premium (NOK Million), 2009–2013
Table 156: Norwegian Life Insurance – New Business Gross Written Premium (NOK Billion), 2013–2018
Table 157: Norwegian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2009–2013
Table 158: Norwegian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2013–2018
Table 159: Norwegian Life Insurance – Number of E-Commerce Distributors, 2009–2013
Table 160: Norwegian Life Insurance – Number of E-Commerce Distributors, 2013–2018
Table 161: Norwegian Life Insurance – Commission Paid to Brokers (NOK Million), 2009–2013
Table 162: Norwegian Life Insurance – Commission Paid to Brokers (NOK Million), 2013–2018
Table 163: Norwegian Life Insurance – New Business Gross Written Premium (NOK Billion), 2009–2013
Table 164: Norwegian Life Insurance – New Business Gross Written Premium (NOK Billion), 2013–2018
Table 165: Norwegian Life Insurance – New Policies Sold Through Brokers (Thousand), 2009–2013
Table 166: Norwegian Life Insurance – New Policies Sold Through Brokers (Thousand), 2013–2018
Table 167: Norwegian Life Insurance – Number of Brokers, 2009–2013
Table 168: Norwegian Life Insurance – Number of Brokers, 2013–2018
Table 169: Norwegian Life Insurance – Commission Paid to Other Channels (NOK Million), 2009–2013
Table 170: Norwegian Life Insurance – Commission Paid to Other Channels (NOK Million), 2013–2018
Table 171: Norwegian Life Insurance – New Business Gross Written Premium (NOK Million), 2009–2013
Table 172: Norwegian Life Insurance – New Business Gross Written Premium (NOK Billion), 2013–2018
Table 173: Norwegian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2009–2013
Table 174: Norwegian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2013–2018
Table 175: Norwegian Life Insurance – Number of Distributors in Other Channels, 2009–2013
Table 176: Norwegian Life Insurance – Number of Distributors in Other Channels, 2013–2018
Table 177: Norway – Life Insurance Regulatory Framework
Table 178: Norway – Property Insurance Regulatory Framework
Table 179: Norway – Motor Insurance Regulatory Framework
Table 180: Norway – Liability Insurance Regulatory Framework
Table 181: Norway – Corporate Tax Rates for the Financial Year 2013
Table 182: Shares of Key Insurers in the Norwegian Life Insurance Segment (%), 2013
Table 183: Kommunal Landspensjonskasse (KLP), Key Facts
Table 184: Kommunal Landspensjonskasse (KLP), Key Financials (NOK Million), 2009–2013
Table 185: DNB Livsforsikring ASA, Key Facts
Table 186: DNB Livsforsikring ASA, Key Financials (NOK Million), 2011–2013
Table 187: Storebrand Livsforsikring, Key Facts
Table 188: Storebrand Livsforsikring, Key Financials (NOK Million), 2009–2013
Table 189: Nordea Livsforsikring, Key Facts
Table 190: Nordea Livsforsikring, Key Financials (NOK Million), 2009–2013
Table 191: Oslo Pensjonsforsikring, Key Facts
Table 192: Oslo Pensjonsforsikring, Key Financials (NOK Million), 2010–2013
Table 193: Sparebank 1 Livsforsikring AS, Key Facts
Table 194: Sparebank 1 Livsforsikring AS, Key Financials (NOK Million), 2009–2013
Table 195: Gjensidige Pensjon, Key Facts
Table 196: Gjensidige Pensjon, Key Financials (NOK Million), 2009–2013
Table 197: Danica Pensjonsforsikring AS, Key Facts
Table 198: Danica Pensjonsforsikring AS, Key Financials (NOK Million), 2009–2013
Table 199: Gjensidige Forsikring ASA, Key Facts
List Of Figures
Figure 1: Norwegian Insurance Industry – Gross Written Premium by Segment (NOK Billion), 2009–2018
Figure 2: Norwegian Insurance Industry – Gross Written Premium Dynamics by Segment, (2009–2018)
Figure 3: Norwegian Insurance Industry – Direct Written Premium by Segment (NOK Billion), 2009–2018
Figure 4: Norwegian Insurance Industry – Direct Written Premium Dynamics by Segment (2009–2018)
Figure 5: Norwegian Life Insurance – Number of Active Policies and Gross Written Premium (Percentage Share), 2013
Figure 6: Unemployment Rate (%), 2009–2013
Figure 7: Rural and Urban Populations (%), 2009–2013
Figure 8: Norwegian Population Distribution by Age Group (%), 2009–2013
Figure 9: Norwegian Life Insurance – Gross Written Premium by Category (NOK Billion), 2009–2018
Figure 10: Norwegian Life Insurance – Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 11: Norwegian Life Insurance – Gross Written Premium Dynamics by Segment (2009–2018)
Figure 12: Norwegian Life Insurance – New Business Written Premium (NOK Billion), 2009–2013
Figure 13: Norwegian Life Insurance – New Business Written Premium (NOK Billion), 2013–2018
Figure 14: Norwegian Life Insurance – Earned Premium (NOK Billion), 2009–2013
Figure 15: Norwegian Life Insurance – Earned Premium (NOK Billion), 2013–2018
Figure 16: Norwegian Life Insurance – Sum Assured (NOK Trillion), 2009–2013
Figure 17: Norwegian Life Insurance – Sum Assured (NOK Trillion), 2013–2018
Figure 18: Norwegian Life Insurance – Paid Claims (NOK Billion), 2009–2013
Figure 19: Norwegian Life Insurance – Paid Claims (NOK Billion), 2013–2018
Figure 20: Norwegian Life Insurance – Incurred Loss (NOK Billion), 2009–2013
Figure 21: Norwegian Life Insurance – Incurred Loss (NOK Billion), 2013–2018
Figure 22: Norwegian Life Insurance – Loss Ratio (%), 2009–2013
Figure 23: Norwegian Life Insurance – Loss Ratio (%), 2013–2018
Figure 24: Norwegian Life Insurance – Commissions and Expenses (NOK Billion), 2009–2013
Figure 25: Norwegian Life Insurance – Commissions and Expenses (NOK Billion), 2013–2018
Figure 26: Norwegian Life Insurance – Combined Ratio (%), 2009–2013
Figure 27: Norwegian Life Insurance – Combined Ratio (%), 2013–2018
Figure 28: Norwegian Life Insurance – Fraud and Crimes (NOK Billion), 2009–2013
Figure 29: Norwegian Life Insurance – Fraud and Crimes (NOK Billion), 2013–2018
Figure 30: Norwegian Life Insurance – Total Assets (NOK Billion), 2009–2013
Figure 31: Norwegian Life Insurance – Total Assets (NOK Billion), 2013–2018
Figure 32: Norwegian Life Insurance – Total Investment Income (NOK Billion), 2009–2013
Figure 33: Norwegian Life Insurance – Total Investment Income (NOK Billion), 2013–2018
Figure 34: Norwegian Life Insurance – Retentions (NOK Billion), 2009–2013
Figure 35: Norwegian Life Insurance – Retentions (NOK Billion), 2013–2018
Figure 36: Norwegian Life Insurance – Investment Portfolio (NOK Billion), 2009–2013
Figure 37: Norwegian Life Insurance – Investment Portfolio, 2009 and 2013
Figure 38: Norwegian Life Insurance – Penetration (%), 2009–2013
Figure 39: Norwegian Life Insurance – Density (Number of Policies per Capita), 2009–2013
Figure 40: Norwegian Life Insurance – Number of Active Policies (Million), 2009–2013
Figure 41: Norwegian Life Insurance – Number of Active Policies (Million), 2013–2018
Figure 42: Norwegian Life Insurance – Number of New Policies Sold (Thousand), 2009–2013
Figure 43: Norwegian Life Insurance – Number of New Policies Sold (Thousand), 2013–2018
Figure 44: Norwegian Life Insurance – Premium Per Capita (NOK), 2009–2013
Figure 45: Norwegian Individual Life Insurance – Gross Written Premium by Category (NOK Billion), 2009–2018
Figure 46: Norwegian Individual Life Insurance – Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 47: Norwegian Individual Life Insurance – Gross Written Premium Dynamics by Category, 2009–2018
Figure 48: Norwegian Individual Life Insurance – Direct Written Premium by Category (NOK Billion), 2009–2018
Figure 49: Norwegian Individual Life Insurance – Direct Written Premium by Category (Percentage Share), 2013 and 2018
Figure 50: Norwegian Individual Life Insurance – Direct Written Premium Dynamics by Category, 2009–2018
Figure 51: Norwegian Individual Life Insurance – Policies by Category (Million), 2009–2018
Figure 52: Norwegian Individual Life Insurance – Policies by Category (Percentage Share), 2013 and 2018
Figure 53: Norwegian Individual Life Insurance – Policies Dynamics by Category, 2009–2018
Figure 54: Norwegian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 55: Norwegian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 56: Norwegian Individual General Annuity Insurance – Gross Written Premium (NOK Billion), 2009–2013
Figure 57: Norwegian Individual General Annuity Insurance – Gross Written Premium (NOK Billion), 2013–2018
Figure 58: Norwegian Individual Pension Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 59: Norwegian Individual Pension Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 60: Norwegian Individual Pension Insurance – Gross Written Premium (NOK Billion), 2009–2013
Figure 61: Norwegian Individual Pension Insurance – Gross Written Premium (NOK Billion), 2013–2018
Figure 62: Norwegian Individual Endowment Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 63: Norwegian Individual Endowment Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 64: Norwegian Individual Endowment Insurance – Gross Written Premium (NOK Billion), 2009–2013
Figure 65: Norwegian Individual Endowment Insurance – Gross Written Premium (NOK Billion), 2013–2018
Figure 66: Norwegian Individual Term Life Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 67: Norwegian Individual Term Life Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 68: Norwegian Individual Term Life Insurance – Gross Written Premium (NOK Billion), 2009–2013
Figure 69: Norwegian Individual Term Life Insurance – Gross Written Premium (NOK Billion), 2013–2018
Figure 70: Norwegian Other Individual Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 71: Norwegian Other Individual Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 72: Norwegian Other Individual Insurance – Gross Written Premium (NOK Billion), 2009–2013
Figure 73: Norwegian Other Individual Insurance – Gross Written Premium (NOK Billion), 2013–2018
Figure 74: Norwegian Group Life Insurance – Gross Written Premium by Category (NOK Billion), 2009–2018
Figure 75: Norwegian Group Life Insurance – Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 76: Norwegian Group Life Insurance – Gross Written Premium Dynamics by Category, 2009–2018
Figure 77: Norwegian Group Life Insurance – Direct Written Premium by Category (NOK Billion), 2009–2018
Figure 78: Norwegian Group Life Insurance – Direct Written Premium by Category (Percentage Share), 2013 and 2018
Figure 79: Norwegian Group Life Insurance – Direct Written Premium Dynamics by Category, 2009–2018
Figure 80: Norwegian Group Life Insurance – Policies by Category (Million), 2009–2018
Figure 81: Norwegian Group Life Insurance – Policies by Category (Percentage Share), 2013 and 2018
Figure 82: Norwegian Group Life Insurance – Policies Dynamics by Category, 2009–2018
Figure 83: Norwegian Group Whole Life Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 84: Norwegian Group Whole Life Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 85: Norwegian Group Whole Life Insurance – Gross Written Premium (NOK Billion), 2009–2013
Figure 86: Norwegian Group Whole Life Insurance – Gross Written Premium (NOK Billion), 2013–2018
Figure 87: Norwegian Group Superannuation Insurance – Number of Active Policies (Million), 2009–2013
Figure 88: Norwegian Group Superannuation Insurance – Number of Active Policies (Million), 2013–2018
Figure 89: Norwegian Group Superannuation Insurance – Gross Written Premium (NOK Billion), 2009–2013
Figure 90: Norwegian Group Superannuation Insurance – Gross Written Premium (NOK Billion), 2013–2018
Figure 91: Norwegian Other Group Life Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 92: Norwegian Group Life Others Insurance – Number of Active Policies (Million), 2013–2018
Figure 93: Norwegian Group Life Others Insurance – Gross Written Premium (NOK Billion), 2009–2013
Figure 94: Norwegian Group Life Others Insurance – Gross Written Premium (NOK Billion), 2013–2018
Figure 95: Norwegian Individual Sin
