Denmark Life & Non-Life Insurance Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Denmark Life & Non-Life Insurance Market report segments the industry into By Insurance Type (Life Insurance, Non-Life Insurance) and By Channel Of Distribution (Direct, Agency, Banks, Online, Other Distribution Channels). Get five years of historical data alongside five-year market forecasts.

Denmark Life & Non-Life Insurance Market Size

Denmark Life & Non-Life Insurance Market Summary
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Denmark Life & Non-Life Insurance Market Analysis

The Denmark Life & Non-Life Insurance Market is expected to register a CAGR of 6.5% during the forecast period.

COVID-19 had a significant economic consequence on the Dutch economy. Due to the lockdown, many Danish businesses suffered a significant loss of income as a consequence of the interruption of production, and closure of stores. However, this has created a positive impact on Denmark's life and non-life insurance market because people started turning more and more toward life Insurance.

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. The number of non-life insurance companies has decreased from 113 in 2008 to below 60 in 2020.

The Danish Financial Supervisory Authority (FSA) is responsible for the regulation and supervision of insurance companies. There are some statutory insurances for everyone in Denmark. These include liability insurance for motor vehicles, dog insurance, and insurance against fire for real estate owners. Employers are also obligated to take out injury insurance for their employees, which covers all work-related injuries.

Denmark Life & Non-Life Insurance Industry Overview

The report covers major international players operating in the Denmark Life & Non-Life Insurance Market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, domestic to international companies are increasing their market presence by securing new contracts and tapping new markets. It has major players including Tryg, PFA Pension, Topdanmark, Alm brand, Codan, etc.

Denmark Life & Non-Life Insurance Market Leaders

  1. Tryg

  2. PFA pension

  3. Topdanmark

  4. Alm brand

  5. Codan

  6. *Disclaimer: Major Players sorted in no particular order
Denmark Life & Non-Life Insurance Market  Concentration
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Denmark Life & Non-Life Insurance Market News

  • On May 2, 2022, Alm. Brand, based in Denmark, acquired Codan Forsikring, which is a Denmark-based insurance company. The acquisition is aimed at diversifying the customer portfolio estimated at approximately 700,000 households and other corporate consumers. This has also resulted in the creation of the second-largest non-life insurance company in Denmark.
  • On October 29, 2021, Tryg entered into a large agreement on cyber insurance with an ITD transport and logistics company, this will cover cyber insurance for all the ITD companies with a turnover of more than USD 10.21 million.

Denmark Life & Non-Life Insurance Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Industry Attractiveness - Porters' Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitutes
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Insights on Government Regulations and Industry Policies
  • 4.6 Insights on Technology and Innovation in the market
  • 4.7 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Insurance type
    • 5.1.1 Life Insurance
    • 5.1.1.1 Individual
    • 5.1.1.2 Group
    • 5.1.2 Non-Life Insurance
    • 5.1.2.1 Home
    • 5.1.2.2 Motor
    • 5.1.2.3 Health
    • 5.1.2.4 Rest of Non-Life Insurance
  • 5.2 By Channel of Distribution
    • 5.2.1 Direct
    • 5.2.2 Agency
    • 5.2.3 Banks
    • 5.2.4 Online
    • 5.2.5 Other distribution channels

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concetration Overview
  • 6.2 Company Profiles
    • 6.2.1 Tryg
    • 6.2.2 PFA pension
    • 6.2.3 Topdanmark
    • 6.2.4 Alm brand
    • 6.2.5 Codan
    • 6.2.6 Gjensidige
    • 6.2.7 Sygeforsikring denmark
    • 6.2.8 Larerstandens Brandforsikring
    • 6.2.9 Danica
    • 6.2.10 LB Forsikring
    • 6.2.11 GF-Forsikring*
  • *List Not Exhaustive

7. MARKET OPPORTUNTIES AND FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

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Denmark Life & Non-Life Insurance Industry Segmentation

Life insurance provides a lump sum amount of sum assured at the time of maturity or in case of death of the policyholder. Non-life insurance policies offer financial protection to a person for health issues or losses due to damage to an asset. Denmark life & non-life insurance market is segmented by insurance type (life insurance (individual and group), non-life insurance (motor, home, health, and other non-life insurances)), and by distribution channel (direct, agency, banks, online, and other distribution channels). The report offers market size and forecasts for Denmark's life & non-life insurance market in value (USD billion) for all the above segments.

By Insurance type Life Insurance Individual
Group
Non-Life Insurance Home
Motor
Health
Rest of Non-Life Insurance
By Channel of Distribution Direct
Agency
Banks
Online
Other distribution channels
By Insurance type
Life Insurance Individual
Group
Non-Life Insurance Home
Motor
Health
Rest of Non-Life Insurance
By Channel of Distribution
Direct
Agency
Banks
Online
Other distribution channels
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Denmark Life & Non-Life Insurance Market Research FAQs

What is the current Denmark Life & Non-Life Insurance Market size?

The Denmark Life & Non-Life Insurance Market is projected to register a CAGR of 6.5% during the forecast period (2025-2030)

Who are the key players in Denmark Life & Non-Life Insurance Market?

Tryg, PFA pension, Topdanmark, Alm brand and Codan are the major companies operating in the Denmark Life & Non-Life Insurance Market.

What years does this Denmark Life & Non-Life Insurance Market cover?

The report covers the Denmark Life & Non-Life Insurance Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Denmark Life & Non-Life Insurance Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Denmark Life & Non-Life Insurance Industry Report

Statistics for the 2025 Denmark Life & Non-Life Insurance market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Denmark Life & Non-Life Insurance analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Denmark Life & Non-Life Insurance Market Report Snapshots

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