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

Date: 2015-09

“The Swedish non-life insurance segment is mature; it recorded a CAGR of 1.9% during the review period . The economy’s robustness will be reflected over the forecast period (2012–2017), with the country’s non-life insurance segment is expected to increase at a CAGR of 3.8%. The five-leading non-life insurers accounted for 83% of the premium income in 2012, meaning that the Swedish non-life segment is highly concentrated. Agencies accounted for 39.1% of the new business gross written premium in 2012. Agencies are preferred by the small and medium enterprises (SMEs) in Sweden. There will be increasing consolidation among non-life insurers as there are more than 300 insurers operating in the segment. This consolidation will also be driven by the implementation of Solvency, as and when it happens, due to its emphasis on robust governance and risk management practices.

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