Norway

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Norweigan Insurance Association
Finansnaeringens Hovedorganisasjon
Web: www.fnh.no

 

POPULATION, 2011-2014 (1)

Year Population
2011 4,691,849
2012 4,707,270
2013 4,722,701
2014 5,147,792

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $267.0
2010 276.5
2011 276.4
2012 264.5
2013 282.2

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $10,238
Life premiums 13,909
Total premiums $24,147
Percent of total world premiums 0.52%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

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LEADING NONLIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company NOK Mn USD Mn
If Skadeforsikring  12,256.3 2,086.2
Tryg  7,369.1 1,254.3
SpareBank 1 Forsikring  5,160.0 878.3
DNB Forsikring  2,331.4 396.8
Eika Forsikring  2,115.5 360.1
Codan  1,445.3 246.0
Protector Forsikring  1,250.8 212.9
Frende Skadeforsikring  1,101.4 187.5
Storebrand  891.7 151.8

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company NOK Mn USD Mn
KLP  24,931.2 4,243.6
DNB Livsforsikring  19,708.7 3,354.7
Storebrand Livsforsikring  15,559.4 2,648.4
Nordea Liv  7,358.1 1,252.4
Oslo Pensjonsforsikring  3,683.5 627.0
SpareBank 1  3,619.0 616.0
Gjensidige Pensjon  1,599.1 272.2
Danica Pensjonsforsikring  1,490.6 253.7
Gjensidige Forsikring  1,419.0 241.5
Tryg Fors  557.9 95.0

Source: Axco Insurance Information Services.

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