Boston, MA -- (SBWIRE) -- 03/25/2014 -- In terms of written premium, the life insurance segment accounted for the largest share of the Danish insurance industry during the review period. The Danish life segment registered significant review-period (2008-2012) growth at a compound annual growth rate (CAGR) of 3.7%, higher than that of the non-life segment, mainly supported by group superannuation and unit-linked products. Insurer's market life insurance as savings products, and Danish consumers' generally high propensity for risk led to life and group superannuation insurance companies launching more transparent, rather than traditional, products. The life segment grew at a CAGR of 3.7% during the review period. In the individual categories, key life products include individual life and unit-linked, whereas the group category covers group life and group superannuation insurance. Group superannuation products accounted for 84.2% of the segment in 2012, mainly due to the aging population of the country, and are expected to lead the life segment over the forecast period with a 84.8% share of the segment's gross written premium in 2017.

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Report Highlights

- The Danish life insurance segment is mainly supported by group superannuation and unit-linked products
- Denmark's rapidly growing aging population is expected to play a key role in the growth of life insurance
- The Danish life segment is regulated by the Danish Financial Supervisory Authority (DFSA), which also regulates the non-life and personal accident and health segments
- As of 2012, 34 companies were licensed to conduct life insurance business in the country, of which seven operated exclusively in pension insurance
- The Danish life segment is highly concentrated, and the 10 leading insurers accounted for 77.8% of the segment's written premium in 2012

Report Scope

This report provides a comprehensive analysis of the life insurance segment in Denmark:

- It provides historical values for the Danish life insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period.
- It offers a detailed analysis of the key categories in the Danish life insurance segment, along with market forecasts until 2017.
- 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 Denmark.
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Denmark for the life insurance business.
- It provides a detailed analysis of the reinsurance segment in Denmark and its growth prospects.
- It profiles the top life insurance companies in Denmark and outlines the key regulations affecting them.



Companies Mentioned in this Report: PFA Pension Forsikrings AS (PFA Pension), Danica Pension, NordeaLiv A/S, PensionDanmark A/S, Sampension KP Livsforsikring A/S, IndustriensPensionsforsikring A/S, AP Pension Livsforsikringsaktieselskab, Pen-Sam LivForsikringsaktieselskab, SEB Pensionsforsikring A/S, Laerernes Pension

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