Boston, MA -- (SBWIRE) -- 03/08/2013 -- The Norwegian insurance industry grew at a CAGR of 3.4% during the review period. The increase was partially as a consequence of improved growth in the personal accident and health insurance segment. The growth was further supported by the improving business and macroeconomic fundamentals in Norway, factors which are also expected to support the Norwegian insurance industry over the forecast period. In 2011, the life insurance segment accounted for a 59.8% share of the total Norwegian insurance industry. This contribution is expected to increase over the forecast period. The profitability of Norwegian insurance companies has been impacted by high house prices and heavy household debt. It is projected that household debt will continue to rise faster than income levels which will further increase debt and pressure policy makers to keep benchmark interest low.

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Key Highlights

- The Norwegian insurance industry grew at a CAGR of 3.4% during the review period.
- The increase was partially as a consequence of improved growth in the personal accident and health insurance segment.
- The growth was further supported by the improving business and macroeconomic fundamentals in Norway, factors which are also expected to support the Norwegian insurance industry over the forecast period.
- In 2011, the life insurance segment accounted for a 59.8% share of the total Norwegian insurance industry.
- This contribution is expected to increase over the forecast period.
- The profitability of Norwegian insurance companies has been impacted by high house prices and heavy household debt.
- It is projected that household debt will continue to rise faster than income levels which will further increase debt and pressure policy makers to keep benchmark interest low

Scope

This report provides a comprehensive analysis of the insurance industry in Norway:

- It provides historical values for the Norwegian insurance industry for the report's 2007-2011 review period and forecast figures for the 2011-2016 forecast period
- It offers a detailed analysis of the key segments and sub-segments in the Norwegian insurance industry, along with forecasts until 2016
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
- It profiles the top insurance companies in Norway, and outlines the key regulations affecting them

Reasons to Get this Report

- Make strategic business decisions using in-depth historic and forecast industry data related in the Norwegian insurance industry and each segment within it
- Understand the demand-side dynamics, key trends and growth opportunities within the Norwegian insurance industry
- Assess the competitive dynamics in the Norwegian insurance industry

Companies Mentioned in this Report: Kommunal Landspensjonskasse (KLP), DNB Livsforsikring ASA, Storebrand Livsforsikring AS, Gjensidige Forsikring ASATryg AS

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