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Leading non-life insurance companies in Norway 2018, by market share

In 2018, the largest non-life insurance company in Norway was Gjensidige. This Norwegian company had notably more than a quarter of the Norwegian non-life insurance market. From 2009 to 2019, their earned premiums increased each year, reaching almost 24.7 billion Norwegian kroner in 2019. The two following leading companies were the Swedish If, and the Danish Tryg.

Gjensidige’s earned premiums

   In 2019, the largest share of Gjensidige’s earned premiums was generated from their private insurances, reaching almost nine billion Norwegian kroner. More specifically from motor vehicle insurance, which represented more than 40 percent of their total premiums earned from private non-life insurance that year.

Motor insurance in Norway

   Overall, the accumulated value of premiums paid for non-life insurance in Norway was higher for private cars. Indeed, premiums for such insurances reached over 18 billion Norwegian kroner in 2018. From 2008 to 2018, the number of private car insurances signed in the country increased each year. For instance, over three million insurances of this type were signed in 2018.

Leading non-life insurance companies in Norway in 2018, by market share

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Source

Release date

November 2019

Region

Norway

Survey time period

2018

Supplementary notes

*including Obos and Troll.

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