The number of companies in the Danish non-life insurance industry was constantly declining during the last ten years, while the number of employees in the industry did not start to drop until the last five years. The non-life insurance company Tryg has the largest market share in the country, and is also operating in Sweden, Finland and Norway, where it is the third largest company. Norway is Tryg’s second largest market in terms of gross premium income, after the Danish market.
On Norway's non-life insurance market, the Norwegian company Gjensidige has around one fourth of the market share, and is clearly the largest insurance company in the country. Gjensidige also operates on the Danish and Swedish markets, and in the Baltics. Except for their home country, Gjensidige’s largest market is in Denmark. Compared to Sweden and Denmark, the second and third largest companies are foreign branches of other Scandinavian companies. The second largest is the Swedish If Skadeförsäkring, and the third largest is the Danish Tryg.