The Danish life insurance industry, which is becoming more competitive, is expected to grow at a healthy CAGR, thanks to the increased competition and the increased risk coverage offered by life insurance companies.
In the recent past, insurance companies in Denmark have faced obstacles due to the European debt crisis and their own financial problems. Fall in equity and bond prices has led to losses in the insurance industry. As the life insurance market starts moving on the road to recovery, Ken Research analysts expect Danish insurance companies to increase their policy prices and also try to expand their consumer base. This will lead to improvements in insurance benefits and more insurance coverage over the forecast period.
Regarding prospective changes in insurance policies to be offered by Danish customers, analysts say that the life insurance companies in Denmark are likely to shift from traditional insurance contracts which provide minimum-return guarantees to more transparent products, where the insured bears more of the investment risk.
In line with their focus on marketing, life insurance policies as a savings instrument, Danish life and group superannuation insurers are now offering such products that are more transparent than traditional products.
Analysts feel that the Danish people will be more motivated to invest in life insurance, as there is improvement in the financial sector and economic recovery in Europe along with increased disposable income and standard of living. Also the declining inflation will leave more money in people’s hands thus encouraging them to invest in savings products and insurance.
The report titled “Life Insurance in Denmark, Key Trends and Opportunities to 2020” says that, a pension is the financial backbone of a retired person. In the Danish life insurance segment too, pensions account for a major share, and analysts believe that pensions will play a pivotal role in driving the life insurance segment during the forecast period. The sale of life insurance policies in Denmark is predominantly through direct marketing followed by bancassurance and through agencies. Direct marketing is the most successful platform for creating new markets for life insurance. The next best medium is bancassurance and selling policies through agencies is at the third place.
Moving with the times, Danish life insurance companies are making arrangements to do more and more transactions online. They have developed mobile apps and other online portals to directly market their products online.
Overall, the life insurance industry in Denmark is going to grow at a healthy rate with major market drivers being financial recovery and increased disposable income in the hands of consumers.
Major Players in the Demark Life Insurance Industry
The competitive life insurance market landscape in Denmark has the following notable players: PFA Pension, forsikringsaktieselskab Danica Pension, Livsforsikringsaktieselskab Nordea Liv & Pension, livsforsikringsselskab A/S PensionDanmarkPensionsforsikringsaktieselskabSampension KP Livsforsikring A/S IndustriensPensionsforsikring A/S AP Pension LivsforsikringsaktieselskabTopdanmarkLivsforsikring A/S PenSam Liv forsikringsaktieselskabLrernes Pension, forsikringsaktieselskab
Key topics covered in report
Denmark Life Insurance Direct Written Premium
Global Life Insurance Industry Research Report
Denmark Life Insurance Industry
Denmark Life Insurance Market Research
Life Insurance Sector Trends Denmark
Denmark Life Insurance Regulations
Life Insurance Companies Denmark
Denmark Insurance Gross Written Premium
Denmark Insurance Industry Regulations
For more coverage on the topic visit the link
Ankur Gupta, Head Marketing & Communications
The Indian logistics industry has a number of big players in the organized market such as Aegis Logistics, Sical Logistics and a few major government entities such as Container Corporation of India, Shipping Corporation of India among others. In terms of revenue in FY’2014, Container Corporation of India is the market leader in the logistics industry in India followed by Aegis Logistics and All Cargo Logistics. Warehousing is the second biggest segment in the services mix of India logistics market. The warehousing sector in India is seriously underdeveloped with millions of dollars worth crops damaging due to lack of proper warehousing facility. Freight forwarding is the third largest segment in the services mix of Indian ...
Asia Pacific Cardiac Pacemaker Market Outlook to 2019 - Rise in Cardiac Disorders and Growing Awareness among People to Drive the Demand' provides a comprehensive analysis of cardiac pacemaker market in Asia. The report covers various aspects such as market size of cardiac pacemaker market, segmentation on the basis of therapeutic specification, implantability, number of chambers, and volume of exports and imports for cardiac pacemakers. The report is useful for pharmaceuticals companies, retail chains, consultants, healthcare professionals and new players venturing in the market. The market is dominated by few global players including Medtronic, Biotronik, Boston scientific and others. Asia Pacific Region The cardiac pacemaker market in ...
Today in morning time,mcx gold and silver both bullion commodity traded atdown side with lower prices.Gold goes down side with -19.00 points and stands with 27010.00 points. Silver also goes down side with -123.00 points down side with negative prices and recently silver stands with 36969.00 points. GET MORE: MCX LIVE FREE TRIAL
A massive rising wedge has formed on the S and P 500 bigger than that observed in 2000 and 2008. See the chart below courtesy Stocktwits.com. Just a matter of time before it breaks and ushers in a major bear market.
India ATM Industry Outlook to 2018 - Increasing Penetration of White Label ATMs to Intensify Growth” provides a comprehensive analysis of the market size of the Indian ATM industry by number of ATM terminals and by number of transactions through debit and credit cards, market segmentation by on-site and off-site ATM’s, by public sector, private sector and foreign banks and by regions. The ATM transactions are further segmented on the basis of financial and non-financial and on-us and off-us transactions. The report entails outsourced ATM market in India and the market share of major outsourcing companies along with the market share of major manufacturers of ATM’s in the industry. The report also includes sections on ...
Sugar was one of the main gainers in the Agri wicker container. There wasnews in the business sector that the administration of India willgive without interest credits to sugar plants. Sugar was one of the main gainers in the Agri crate . There was news in thebusiness sector that the legislature of India will give sans interestadvances to sugar factories attempting to pay stick levy to agri culturists in light of feeble interest. MORE: MCX LIVE FREE TRIAL