Non-Life Insurance in Denmark, Key Trends and Opportunities to 2017

Date: 2015-09

The non-life segment is the second-largest in the Danish insurance industry, representing 21.5% of the industryโ€™s gross written premium in 2012. It was led by the property insurance category with a 53.0% share of the segmentโ€™s gross written premium in 2012, followed by motor insurance with 32.7%. Mandatory fire insurance for houses supported the growth of property insurance in Denmark. Moreover, growth in automobile sales and recovery in the property market in Denmark supported the growth of the non-life segment during the review period, and is expected to continue to do so over the forecast period. Compulsory third-party motor liability insurance and comprehensive motor insurance also supported the growth of non-life insurance during the review period, and both motor and property insurance are expected to retain their shares over the forecast period.

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