Market Trends of Denmark Property & Casualty Insurance Industry
This section covers the major market trends shaping the Denmark Property Casualty Insurance Market according to our research experts:
Premium for the Property and Casualty Insurance is on the Rise
The premium (net of reinsurance) for the insurance activities is increasing in Denmark. The premium for overall non-life insurance increased from DKK 63,955 million in 2019 to DKK 65,308 million in 2020. The premium for the Motor Vehicle insurance and the Fire and other damage to a property represents Denmark's two largest shares for the property and casualty insurance.
Assets for the Non-Life Insurance is Increasing after the Dip in 2016
The assets for the non-life insurance companies in Denmark are increasing after the continuous decline. The Assets of non-life companies had touched the lowest at DKK 194,396 million in 2016. The continuously increasing asset started to decline from 2016 to 2018. The improvement is seen in the asset of non-life insurance, which reached DKK 208,582 million in 2020.
