Denmark Insurance Report - Business Monitor International - Industry Reports

Denmark Insurance Report

Denmark Insurance Report - Business Monitor International - Industry Reports
Denmark Insurance Report
Published Oct 22, 2016
56 pages — Published Oct 22, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

� Business Monitor International Ltd Page - of the forecast period. Life insurance premiums in ---- should amount to DKK---bn, or close to two thirds of the total written by the entire insurance sector of Denmark. ...Indeed, our Country Risk team has quite a subdued outlook for economic growth, which is predicted to register less than -.- in ---- and -.- in ----. If the economy performs more strongly than this, then life insurance premium growth will very probably be considerably above our current forecasts, even accounting for the fact that the sub-sector already appears set to outpace broader economic growth by a factor of around four. Additionally, persistent ultra low interest rates will reduce the likely returns to savers/investors from bank deposits and other conduits for organised savings - and increase the relative attraction of the life insurers offerings. ...Additionally, persistent ultra low interest rates will reduce the likely returns to savers/investors from bank deposits and other conduits for organised savings - and increase the relative attraction of the life insurers offerings. However, as ever, there are also downside risks - if the economy falls into recession, then private consumer liquidity will be hit hard, reducing demand for insurance products across the board.

...Although the latest reports (for calendar ----) indicate that the growth in premiums achieved last year varied quite widely from company to company, they suggest that it remains fair to look for an expansion in ---- of close to - . Danica Pension and PFA Pension both highlighted their success in winning business from corporate customers. Danica Pension also benefited from the launch of a new health insurance package, which provides customers with improved cover for loss of earnings capacity. ...Life insurance premiums will grow at an average annual rate of -.- in local currency terms (---------) with premiums reaching DKK---.-bn in ----. Ongoing currency fluctuations will result in higher than anticipated US dollar denominated growth over the course of our currently forecast period out to ----, with average annual growth estimated at around -.- . Premiums are expected to rise from USD--.-bn in ---- to USD--.-bn in ----. ...Ongoing currency fluctuations will result in higher than anticipated US dollar denominated growth over the course of our currently forecast period out to ----, with average annual growth estimated at around -.- . Premiums are expected to rise from USD--.-bn in ---- to USD--.-bn in ----.

...Denmark s life insurance segment is closely linked to the country s sophisticated pensions system, which is very highly regarded in global terms. Life insurers benefit from the ageing demographics, their ability to develop attractive products, access to capital, multi-channel distribution and brand. ...

  
Source:
Document ID
2055-4176
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Denmark Insurance Report" Oct 22, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Denmark-Insurance-Report-2026-1540>
  
APA:
Business Monitor International - Industry Reports. (2016). Denmark Insurance Report Oct 22, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Denmark-Insurance-Report-2026-1540>
  
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