Life Insurance in Norway, Key Trends and Opportunities to 2017

Date: 2015-09

The Norwegian life insurance segment is one of the fastest-growing in the Nordic region. The segment posted a review-period (2008โˆ’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 (2012โˆ’2017). As a result, the written premium of the life insurance segment is expected to increase at a forecast-period CAGR of 6.4%.

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