Life Insurance in Norway Key Trends and Opportunities to 2017:Industry Growth Report @ http://www.researchmoz.us/life-insurance-in-norway-key-trends-and-opportunities-to-2017-report.html

1. Life Insurance in Norway, Key Trends and Opportunities to 2017
Synopsis
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 categories Key trends and drivers 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
framework of the Norwegian insurance industry A description of the life reinsurance segment in Norway Porter's Five Forces analysis of the life insurance
segment A benchmarking section on the Norwegian life insurance segment in comparison with other countries in the Nordic Region
Executive summary
The Norwegian life insurance segment is one of the fastest-growing in the Nordic region. The segment posted a review-period (2008−2012) compound
annual growth rate (CAGR) of 5.8% in gross written premium terms, despite low interest rates and the financial crisis. The segment managed to post positive
growth on account of robust growth registered in the individual and group life categories. The growth was further supported by the positive economic
development following the financial crisis, a situation which is expected to fuel demand for life insurance in Norway over the forecast period
(2012−2017). As a result, the written premium of the life insurance segment is expected to increase at a forecast-period CAGR of 6.4%.
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 2008–2012 review period and forecast figures for the
2012–2017 forecast period. It offers a detailed analysis of the key categories in the Norwegian 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 Norway. Using
Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Norway for the life insurance business. It provides
a detailed analysis of the reinsurance segment in Norway and its growth prospects. It profiles the top life insurance companies in Norway and outlines the key
regulations affecting them.
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 within the Norwegian life insurance segment Assess the competitive
dynamics in the life insurance segment, along with the reinsurance segment Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Norwegian insurance industry and its impact on companies and the market's future
Key highlights
The Norwegian life insurance segment posted a review-period (2008−2012) CAGR of 5.8% in gross written premium terms despite low interest rates,
and the financial crisis Fierce competition in the segment forced some insurers to re-examine their strategies in order to survive and gain market share through
geographical expansion During the review period, life insurance providers have benefited from low combined ratios, resulting in underwriting profits Favorable
demographic factors such as an increased in life expectancy and a rise in the elderly population (65 and above) are likely to accelerate demand for life insurance
products The Norwegian life insurance segment is highly concentrated, with the 10 leading companies together accounting for 98.4% of the segment’s
written premiums in 2012
table Of Contents
1 Executive Summary
2 Introduction
2.1 What Is This Report About?
2.2 Definitions
2.3 Methodology
3 Nordic Region Market Dynamics
3.1 Overview
3.1.1 Market Trends
3.1.2 Market Size
4 Life Insurance Segment – Regional Benchmarking
4.1 Scale And Penetration
4.1.1 Total Gross Written Premium
4.1.2 Premium Per Capita
4.1.3 Life Insurance Penetration (% Of Gdp)
4.2 Growth
4.2.1 Gross Written Premium
4.2.2 Gross Written Premium Per Capita
4.3 Efficiency And Risk
4.3.1 Loss Ratio
4.3.2 Combined Ratio
Life Insurance in Norway, Key Trends and Opportunities to 2017

2. 4.3.3 Incurred Losses Per Capita
4.3.4 Incurred Losses As A Percentage Of Gdp
4.4 Distribution Channels
4.4.1 Direct Marketing
4.4.2 Bancassurance
4.4.3 Agencies
4.4.4 Online Channels
5 Norwegian Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends And Drivers
6 Life Insurance Outlook
6.1 Life Insurance Growth Prospects By Category
6.1.1 Individual Life Insurance
6.1.2 Individual General Annuity Insurance
6.1.3 Individual Pension Insurance
6.1.4 Individual Endowment Insurance
6.1.5 Individual Unit-linked Insurance
6.1.6 Individual Term Life Insurance
6.1.7 Group Life Insurance
6.1.8 Group Superannuation Insurance
6.1.9 Group Unit-linked Insurance
6.2 Life Insurance Growth Prospects By Product Type
6.2.1 Individual Single-premium Policies
6.2.2 Individual Non-single-premium Policies
6.2.3 Group Single-premium Policies
6.2.4 Group Non-single-premium Policies
7 Analysis By Distribution Channel
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other Channels
8 Porter’s Five Forces Analysis – Norwegian Life Insurance
8.1 Bargaining Power Of Suppliers: Medium
8.2 Bargaining Power Of Buyers: Medium
8.3 Barriers To Entry: Medium
8.4 Intensity Of Rivalry: Medium
8.5 Threat Of Substitutes: Low
9 Reinsurance Growth Dynamics And Challenges
9.1 Reinsurance Segment Size By Type Of Insurance, 2008–2017
10 Governance, Risk And Compliance
10.1 Legislation Overview And Historical Evolution
10.2 Legislation Trends By Type Of Insurance
10.2.1 Life Insurance Regulatory Trends
10.2.2 Property Insurance Regulatory Trends
10.2.3 Motor Insurance Regulatory Trends
10.2.4 Marine, Aviation And Transit Insurance Regulatory Trends
10.2.5 Personal Accident Insurance Regulatory Trends
10.3 Compulsory Insurance
10.3.1 Workers’ Compensation Insurance
10.3.2 Motor Third Party Liability Insurance
10.3.3 Natural Disaster Insurance For Property Cover
10.4 Supervision And Control
10.4.1 International Association Of Insurance Supervisors
10.4.2 European Insurance And Occupational Pensions Authority (eiopa)
Life Insurance in Norway, Key Trends and Opportunities to 2017

3. 10.4.3 The Financial Supervisory Authority Of Norway (fsa)
10.5 Non-admitted Insurance Regulatory Trends
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market Practices
10.5.4 Fines And Penalties
10.6 Company Registration And Operations
10.6.1 Types Of Insurance Organization
10.6.2 Establishing A Local Company
10.6.3 Foreign Ownership
10.6.4 Types Of License
10.6.5 Capital Requirements
10.6.6 Solvency Margins
10.6.7 Investment Regulations
10.6.8 Statutory Return Requirements
10.7 Taxation
10.7.1 Insurance Premium Or Policy Taxation
10.7.2 Corporate Tax
10.7.3 Vat
10.7.4 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access To Court
10.8.3 Alternative Dispute Resolution (adr)
11 Competitive Landscape And Strategic Insights
11.1 Overview
11.2 Leading Companies In The Norwegian Life Insurance Segment
11.3 Comparison Of The Top Five Insurers
11.3.1 Gross Written Premium
11.3.2 Gross Claims
11.3.3 Assets
11.4 Kommunal Landspensjonskasse (klp) – Company Overview
11.4.1 Kommunal Landspensjonskasse (klp) – Key Facts
11.4.2 Kommunal Landspensjonskasse (klp) – Key Financials
11.5 Dnb Livsforsikring Asa – Company Overview
11.5.1 Dnb Livsforsikring Asa – Key Facts
11.5.2 Dnb Livsforsikring Asa – Key Financials
11.6 Storebrand Livsforsikring – Company Overview
11.6.1 Storebrand Livsforsikring – Key Facts
11.6.2 Storebrand Livsforsikring – Key Financials
11.7 Nordea Liv – Company Overview
11.7.1 Nordea Liv – Key Facts
11.7.2 Nordea Liv – Key Financials
11.8 Oslo Pensjonsforsikring – Company Overview
11.8.1 Oslo Pensjonsforsikring – Key Facts
11.8.2 Oslo Pensjonsforsikring – Key Financials
11.9 Sparebank 1 Livsforsikring As – Company Overview
11.9.1 Sparebank 1 Livsforsikring As – Key Facts
11.9.2 Sparebank 1 Livsforsikring As – Key Financials
11.10 Gjensidige Forsikring Asa – Company Overview
11.10.1 Gjensidige Forsikring Asa – Key Facts
11.11 Gjensidige Pensjon – Company Overview
11.11.1 Gjensidige Pensjon – Key Facts
11.11.2 Gjensidige Pensjon – Key Financials
11.12 Danica Pensjonsforsikring As – Company Overview
11.12.1 Danica Pensjonsforsikring As – Key Facts
11.12.2 Danica Pensjonsforsikring As – Key Financials
11.13 Tryg Forsikring – Company Overview
11.13.1 Tryg Forsikring – Key Facts
12 Business Environment And Country Risk
12.1 Business Confidence
12.1.1 Market Capitalization Trend – Oslo Børs, Norway
12.2 Economic Performance
12.2.1 Gdp At Constant Prices (us$)
Life Insurance in Norway, Key Trends and Opportunities to 2017

4. 12.2.2 Gdp Per Capita At Constant Prices (us$)
12.2.3 Gdp At Current Prices (us$)
12.2.4 Gdp Per Capita At Current Prices (us$)
12.2.5 Gdp By Key Segments
12.2.6 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices (us$)
12.2.7 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices As A Percentage Of Gdp
12.2.8 Manufacturing Net Output At Current Prices (us$)
12.2.9 Manufacturing Net Output At Current Prices As A Percentage Of Gdp
12.2.10 Mining, Manufacturing And Utilities At Current Prices (us$)
12.2.11 Mining, Manufacturing And Utilities At Current Prices, As Percentage Of Gdp
12.2.12 Construction Net Output At Current Prices, (us$)
12.2.13 Construction Net Output At Current Prices As A Percentage Of Gdp
12.2.14 Inflation Rate
12.2.15 Exports As A Percentage Of Gdp
12.2.16 Imports As A Percentage Of Gdp
12.2.17 Annual Average Exchange Rate Us$–jpy
12.3 Infrastructure
12.3.1 Commercial Vehicles Exports – Total Value
12.3.2 Commercial Vehicles Imports – Total Value
12.3.3 Automotive Exports – Total Value
12.3.4 Automotive Imports – Total Value
12.3.5 Total Internet Subscribers
12.4 Labor Force
12.4.1 Labor Force
12.4.2 Unemployment Rate
12.5 Demographics
12.5.1 Gross National Disposable Income (us$)
12.5.2 Household Consumption Expenditure (us$)
12.5.3 Total Population
12.5.4 Urban And Rural Populations
12.5.5 Age Distribution Of The Total Population
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer
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Life Insurance in Norway, Key Trends and Opportunities to 2017