Market Size of Denmark Property & Casualty Insurance Industry
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2019 - 2020 |
| CAGR | 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Denmark Property Casualty Insurance Market Analysis
The Property and Casualty Insurance Market in Denmark is expected to register a CAGR of 6% during the forecast period.
COVID-19 had a significant economic consequence on the global and Dutch economies. Due to the lockdown, many Danish businesses suffered a significant loss of income due to the interruption of production and the closure of stores.
The Insurance sector in Denmark is characterized as highly developed, with particularly high penetration and density. Property and Casualty insurance in Denmark has shown a favorable underwriting result with relatively low expense ratios. Premiums written by Danish Insurance companies in the Property and Casualty segment is on rising steadily since 2010. The number of non-life insurance companies in Denmark is decreasing continuously. The number of non-life insurance companies has decreased from 113 in 2008 to below 60 in 2020.
