openPR Logo
Press release

Bancassurance Boost Non Life Insurance in Denmark: Ken Research

04-20-2017 07:38 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Research News Today

Bancassurance Boost Non Life Insurance in Denmark: Ken Research

The growth in Denmark’s insurance industry has gained pace in recent times owing to economic recovery by the country, better deals offered by insurance companies, and encouragement of foreign direct investment in the insurance sector.

Ken Research in its recently published report on “Non-Life Insurance in Denmark, Key Trends and Opportunities to 2020” forecasts bright growth prospects in the non-life insurance segment which is the second largest segment in the Danish insurance industry.

Thanks to economic recovery, people having adequate disposable incomes will buy more automobiles and invest in property. And, it is this growth in the automobile and property markets, which is going to drive growth in the non-life insurance segment. In the non-life insurance segment, property insurance generates the maximum revenue followed by motor insurance. Analysts at Ken Research think that the mandatory safety insurance for property damage such as fire accidents will drive the insurance industry. Another growth driver is the huge market for non-life insurance related to commercial planes and flights. Amendments in the Danish Air Navigation Act have made third-party liability insurance mandatory covering persons or property for commercial drone flights.

In future, there will be more third-part liability insurances for corporate and residential spaces. But the major demand would come from defence and security and the automotive industry. Other growth drivers include marine, health, commercial and travel industry.

Bancassurance dominates as a medium of direct marketing of non-life insurance products. However, bancassurance will receive direct challenge from other insurance agencies which do not operate under bank settings. These companies are increasingly using the Internet and smart phone apps to reach the consumer and increase their presence in the non-life insurance market.

The Internet will help in increasing the consumer awareness and knowledge about non-life insurance products and thus will generate new market avenues for the insurance industry. The Danish non-life insurance market is a highly competitive landscape with leading companies accounting for a lion’s share of this market. To give competition to the established players, new companies must offer more benefits to consumers by introducing innovative policies.

Overall, the Denmark non-life insurance industry is expected to grow at a decent CAGR. The major factors driving the industry include rising disposable incomes of people, government regulations for mandatory safety insurance, competitive and innovative market space, and growth in health, marine, commercial and travel industry.

Major Players of the Industry

Tryg Forsikring A/S Codan Forsikring A/S Topdanmark Forsikring A/S Alm. Brand Forsikring A/S Sygeforsikringen "danmark", gs. LB Forsikring A/S Alka, Forsikrings-Aktieselskabet GF-Forsikring A/S Qudos Insurance A/S Alpha Insurance A/S

For more coverage on the topic visit the link:

Related Reports

Non-Life Insurance in Egypt, Key Trends and Opportunities to 2020

2017 Top 5 Travel Insurance Manufacturers in North America, Europe, Asia-Pacific, South America, Middle East and Africa


Ken Research
Ankur Gupta,
Head Marketing & Communications
+91-124- 4230204

Ken Research is a Global aggregator and publisher of Market intelligence research reports, equity reports, data base directories and economy reports. Our market research reports provides market sizing analysis, insights on promising industry segments, competition, future outlook and growth drivers in the space. The company is engaged in data analytics and aids clients in due-diligence, product expansion, plant setup, acquisition intelligence to all the other gamut of objectives through our research focus.


This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bancassurance Boost Non Life Insurance in Denmark: Ken Research here

News-ID: 508670 • Views: 343

More Releases from Research News Today

International players to invert share in Spain, setback for marginal sellers in …
There is a slight decline in the unemployment rate, just after the recovery of Spanish economy. There was encouragement for consumers to buy more luxury goods as there was increase in disposable income due to recovery of modest economy. Over the recovery period, there was change in attributes to spending that occurred and there was reticement about excessive expenditure by Spanish consumers on an average basis. Luxury jewellery has recorded
Altering social media dynamics and major alliances to amend luxury eyewear trend …
Eyewear refers to anything that is worn to protect the eyes or help in correcting the vision. The people are now frequently having eye examinations and are increasingly becoming aware about their health. This has led to a rise in demand for corrective eyewear. Eyewear is also becoming an essential part of accessories of people. This has also increased the demand for eyewear. Luxury eyewear in order to make a
Elevating Demand for Beauty and Weight Loss Supplements Coupled with Economic St …
Aging Population leading to increased Prevalence of Chronic Diseases in the Country to Drive Nutraceuticals Market in Japan The demand for beauty and weight loss supplements has been increasing over the years owing to the large number of target audience including people who have little time to eat healthy or spend time in exercising at a gym. Japan is considered as a health, beauty and body conscious society. Moreover, people are
Kuwait Facility Management Market Outlook to 2021 - Growing Retail Industry and …
Kuwait Facility Management Market Outlook to 2021 - Growing Retail Industry and Upcoming Infrastructure Projects to Drive Market Growth" provides a comprehensive analysis on the facilities management market in Kuwait. The report covers various aspects such as overall size of Kuwait facilities management market size in terms of revenues, Market segmentation of Kuwait facilities management market on the basis of types of services, by integrated, bundled and single services, Business

All 5 Releases

More Releases for Insurance

Household Insurance Market By Key Players: Discount Insurance Home Insurance, On …
Household Insurance Industry Overview The Household Insurance market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Household Insurance market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Household Insurance market
Non-Life Insurance Market :Health Insurance, Property Insurance, Cargo Insurance …
Non-Life Insurance Market Overview: Summary:Excellence consistency maintains by Garner Insights in Research Report in which studies the global Non-Life Insurance market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region. Get Access to Report Sample: Non-Life Insurance market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been
Insurance Company Profile-Hastings Insurance
Insurance Company Profile: Hastings Insurance Summary "Insurance Company Profile: Hastings Insurance", profile provides a comprehensive review of the company and its UK business. This includes its strategy for growth and focus on digitization as well as its performance in the UK and marketing and distribution strategy. Hastings Group is a general insurance provider in the UK offering car, van, bike, and home insurance products. It operates through two subsidiaries: Hastings Insurance Services and
Landlord Insurance Market: Allianz, NRMA Insurance, QBE, Travelers Insurance, AA …
MarketResearchReports.Biz adds “Global Landlord Insurance Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Landlord Insurance market and the growth estimates for the forecasted period. The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research
Insurance Market-Saga’s Retail Broking Business Offers Motor Insurance, Pet In …
Orbis Research Market brilliance released a new research report of 33 pages on title ‘Insurance Company Profile: Saga’ with detailed analysis, forecast and strategies. Insurance Company Profile: Saga", profile provides a comprehensive review of Saga and its UK business. This includes its strategy for growth and focus on digitization as well as its performance in the UK and marketing and distribution strategy. Request a sample of this report at Saga
Insurance Market Behaviour & Health Insurance
Professor Howard Bolnick, who taught at the Kellogg School of Management for 13 years and is an international authority on Healthcare will be teaching an intensive 5 days Executive Development Programme on Insurance Market Behaviour & Health Insurance, Organized by the Insurance Foundation of India (IFI). Professor Howard Bolnick, who taught at the Kellogg School of Management for 13 years and is an international authority on Healthcare will be teaching an