Denmark Life Insurance Market Growth to 2018 Driven by Group Superannuation Insurance

DALLAS, February 27, 2015 /PRNewswire/ --

MarketReportsStore.com offers Life Insurance in Denmark, Key Trends and Opportunities to 2018 market research report that says growth was achieved due to strong performance of group superannuation insurance, which accounted for 87.7% of the segment in 2013, mainly due to the country's rapidly aging population.

The Danish life insurance market segment grew in terms of gross written premium, at a compound annual growth rate (CAGR) of 4.0% during the review period (2009-2013). The group superannuation insurance category is expected to lead the life segment over the forecast period with 89.1% of the segment's gross written premium in 2018. The segment is expected to reach a projected value of DKK156.5 billion (US$28.9 billion) in 2018. Complete report is available at http://marketreportsstore.com/life-insurance-in-denmark-key-trends-and-opportunities-to-2018/ .

Life insurance policies in Denmark are predominantly distributed through direct marketing, bancassurance and agencies. Direct marketing accounted for 38.6% of the life segment's overall new business gross written premium in 2013, whereas bancassurance accounted for 30.2% and agencies accounted for 13.9%. The report provides in-depth market analysis, information and insights into the Danish life insurance segment, including Danish life insurance segment's growth prospects by life insurance category, key trends, drivers and challenges for the life insurance segment, various distribution channels in the Danish life insurance segment, detailed competitive landscape in the life insurance segment in Denmark, detailed regulatory policies of the Danish insurance industry, analysis of various consumer segments in Danish life insurance, key developments in the Danish life insurance segment as well as new products launched by Danish life insurers.

This report provides a comprehensive analysis of the life insurance segment in Denmark with historical values for the Danish 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 Danish 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 Denmark. It profiles the top life insurance companies in Denmark and outlines the key regulations affecting them.

Companies like PFA Pension Forsikrings AS, Danica Pension, Livs forsikrings AS, Nordea Liv & Pension, livsforsikringsselskab AS, PensionDanmark AS, Sampension KP Livsforsikring AS, AP Pension Livsforsikringsaktieselskab, IndustriensPensionsforsikring AS, Pen-Sam Forsikring AS, SEB Pensionsforsikring AS and Lærernes Pension are discussed in this research available for purchase at http://marketreportsstore.com/purchase?rname=30500 .

This report helps make strategic business decisions using in-depth historic and forecast market data related to the Danish life insurance segment and each category within it. It also helps understand the demand-side dynamics, key market trends and growth opportunities in the Danish life insurance segment. Assess the competitive dynamics in the life insurance segment, identify the growth opportunities and market dynamics in key product categories and gain insights into key regulations governing the Danish insurance industry and their impact on companies and the industry's future by reading the report in detail.

Life insurance companies generally market life insurance policies as a savings instrument which led life and group superannuation insurers to launch more transparent, rather than traditional products. Decreasing inflation rate is expected to increase consumers' financial capacity, encouraging them to invest further in savings products, including insurance. An increase in internet users led Danish life insurers to develop mobile apps. Direct marketing was the most preferred distribution channel for life insurance companies.

Another research on The Insurance Industry in Guernsey, Key Trends and Opportunities to 2018 says Guernsey had the largest captive insurance industry in Europe in 2014, as well as the fourth largest in the world. In 2013, Guernsey's major industries included tourism, finance and agriculture. The global financial crisis (2008-2009) and subsequent debt crisis in Europe had a negative impact on the overall economy. However, the insurance industry managed to grow at a review-period (2009-2013) compound annual growth rate (CAGR) of 5.1%. The non-life segment constitutes 56.2% of the total industry's segment share in 2013.

Guernsey's retail industry is an important driver of the economy and achieved robust growth during the review period. A taxation agreement was signed between Guernsey, Jersey and the Isle of Man to end tax avoidance and evasion in January 2013. According to the regulatory authority, the Guernsey Financial Services Commission (GFSC), 46 international insurance companies were licensed to operate insurance business in the first half of 2013.

Explore more reports on all sectors of banking and financial services industry at http://marketreportsstore.com/category/banking-finance/ .

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