� 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. ...
