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: https://www.finansnorge.no/en/

 

Population, 2011-2015 (1)

 

Year Population
2011 4,691,849
2012 4,707,270
2013 4,722,701
2014 5,147,792
2015 5,207,689

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

Gross Domestic Product, 2011-2015 (1)

(U.S. $ billions)

Year GDP
2011 $276.4
2012 264.5
2013 282.2
2014 339.5
2015 356.2

(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.

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Life And Nonlife Insurance Premiums, 2015

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $8,254
Life premiums 11,610
Total premiums $19,864
Percent of total world premiums 0.44%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2016.

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Leading Nonlife Insurance Companies, 2015

 

  Gross written premiums
Company NOK Mn USD Mn
Gjensidige 14,073.8 1,735.4
If Skadeforsikring 12,181.4 1,502.0
Tryg 7,474.3 921.6
SpareBank 1 Forsikring 5,545.8 683.8
DNB Forsikring 2,551.2 314.6
Eika Forsikring 2,340.5 288.6
Codan 1,818.8 224.3
Storebrand 1,695.1 209.0
Frende Skadeforsikring 1,467.7 181.0
Protector Forsikring 1,462.7 180.4

Source: Axco Insurance Information Services.

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Leading Life Insurance Companies, 2014

 

  Gross written premiums
Company NOK Mn USD Mn
KLP 29,543.1 3,642.8
DNB Livsforsikring 17,683.4 2,180.4
Storebrand Livsforsikring 15,881.4 1,958.3
Nordea Liv 11,375.7 1,402.7
SpareBank 1 4,111.4 507.0
Oslo Pensjonsforsikring 4,084.6 503.7
Gjensidige Pensjon 2,145.7 264.6
Danica Pensjonsforsikring 1,699.3 209.5
Gjensidige Forsikring 1,534.9 189.3
Frende Livsforsikring 710.9 87.7

Source: Axco Insurance Information Services.

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