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Now Available: Personal Accident and Health Insurance in Norway, Key Trends and Opportunities to 2017

New Insurance market report from Timetric: "Personal Accident and Health Insurance in Norway, Key Trends and Opportunities to 2017"

 
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Boston, MA -- (SBWIRE) -- 03/18/2014 -- The Norwegian personal accident and health insurance segment recorded a compound annual growth rate (CAGR) of 9.0% during the review period (2008-2012), the fastest growth of all the segments in the Norwegian insurance industry. The growth was a result of strong growth in the health insurance category, which recorded a healthy CAGR of 19.4%. The growth was also supported by improved economic development and rising healthcare expenditure, factors that are also expected to support the segment over the forecast period (2012-2017). The written premium of the personal accident and health segment is expected to increase at a projected CAGR of 8.1%.

Report Highlights

- The Norwegian personal accident and health insurance segment recorded a CAGR of 9.0% during the review period, the fastest growth of all the segments in the Norwegian insurance industry
- Favorable demographic factors, such as increased life expectancy and a growing population aged 65 and above, are likely to accelerate demand for health insurance
- Norway is the second-highest spender when it comes to health expenditure per capita, spending US$5,700 a year per person
- Sales through agencies accounted for 36.6% of the total personal accident and health written premium
- The segment is highly concentrated, with the 10 leading companies collectively accounting for 92.2% of the segment's written premiums in 2012

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Report 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 2008-2012 review period and forecast figures for the 2012-2017 forecast period.
- It offers a detailed analysis of the key sub-segments in Norwegian personal accident and health 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 personal accident and health insurance products in Norway.
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Norway for the personal accident and health insurance segment.
- It provides a detailed analysis of the reinsurance segment in Norway and its growth prospects.
- It profiles the top personal accident and health 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 market data related to the Norwegian personal accident and health insurance segment and each category within it

Companies Mentioned in this Report: Gjensidige, If Skadeforsikring, Sparebank, Storebrand, Tryg, Codan, DNB, Nordea, AIG Europe, Ace European Group

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