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Life Insurance in Denmark, Key Trends and Opportunities to 2018

Published: Feb, 2015 | Pages: 272 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis

The Danish life segment grew in terms of gross written premium, at a compound annual growth rate (CAGR) of 4.0% during the review period (2009-2013). The segment's growth was achieved due to strong performance of group superannuation insurance, which accounted for 87.7% of the segment in 2013, mainly due to the country's rapidly aging population. The category is expected to lead the life segment over the forecast period with 89.1% of the segment's gross written premium in 2018. The segment is expected to reach a projected value of DKK156.5 billion (US$28.9 billion) in 2018. Life insurance policies in Denmark are predominantly distributed through direct marketing, bancassurance and agencies. Direct marketing accounted for 38.6% of the life segment's overall new business gross written premium in 2013, whereas bancassurance accounted for 30.2% and agencies accounted for 13.9%.


Summary
The report provides in-depth market analysis, information and insights into the Danish life insurance segment, including: The Danish life insurance segment's growth prospects by life insurance category Key trends, drivers and challenges for the life insurance segment The various distribution channels in the Danish life insurance segment The detailed competitive landscape in the life insurance segment in Denmark Detailed regulatory policies of the Danish insurance industry Analysis of various consumer segments in Danish life insurance Key developments in the Danish life insurance segment New products launched by Danish life insurers

Scope
This report provides a comprehensive analysis of the life insurance segment in Denmark: It provides historical values for the Danish life insurance segment for the report's 2009-2013 review period, and projected figures for the 2013-2018 forecast period. It offers a detailed analysis of the key categories in the Danish life insurance segment, along with market forecasts until 2018. It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions. It analyses the various distribution channels for life insurance products in Denmark. It profiles the top life insurance companies in Denmark and outlines the key regulations affecting them.

Reason To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Danish life insurance segment and each category within it. Understand the demand-side dynamics, key market trends and growth opportunities in the Danish life insurance segment. Assess the competitive dynamics in the life insurance segment. Identify the growth opportunities and market dynamics in key product categories. Gain insights into key regulations governing the Danish insurance industry and their impact on companies and the industry's future.

Key Highlights
The Danish life segment grew in terms of gross written premium, at a CAGR of 4.0% during the review period. The segment's growth was achieved due to strong performance of group superannuation insurance mainly due to the country's rapidly aging population. Life insurance companies generally market life insurance policies as a savings instrument which led life and group superannuation insurers to launch more transparent, rather than traditional products. Decreasing inflation rate is expected to increase consumers' financial capacity, encouraging them to invest further in savings products, including insurance. An increase in internet users led Danish life insurers to develop mobile apps. Direct marketing was the most preferred distribution channel for life insurance companies.
 Table of Contents
1 Key Facts and Events 2 Executive Summary 3 Introduction 3.1 What is this Report About? 3.2 Definitions 3.3 Methodology 4 Danish Insurance Industry Attractiveness 4.1 Insurance Industry Size, 2009-2018 5 Life Insurance Outlook 5.1 Consumer Segmentation 5.2 Key Drivers 5.3 Key Trends 5.4 Challenges 5.5 Life Insurance Growth Prospects by Category 5.6 Individual Life Insurance 5.7 Group Life Insurance 5.7.1 Group whole life insurance 5.7.2 Group superannuation insurance 5.8 Life Insurance Growth Prospects by Customer Segment 5.8.1 Individual single-premium insurance 5.8.2 Individual non-single-premium insurance 5.8.3 Group single-premium insurance 5.8.4 Group non-single-premium insurance 5.9 Life Insurance Growth Prospects by Product Type 5.9.1 Total linked insurance business 5.9.2 Total non-linked insurance business 6 Analysis by Distribution Channel 6.1 Direct Marketing 6.2 Bancassurance 6.3 Agencies 6.4 E-Commerce 6.5 Brokers 6.6 Other Channels 7 Governance, Risk and Compliance 7.1 Legislation Overview and Historical Evolution 7.2 Legislation and Market Practice by Type of Insurance 7.2.1 Life insurance 7.2.2 Property insurance 7.2.3 Motor insurance 7.2.4 Liability insurance 7.2.5 Marine, aviation and transit insurance 7.2.6 Personal accident and health insurance 7.3 Compulsory Insurance 7.3.1 Motor third-party liability insurance 7.3.2 Air carriers and aircraft operators insurance 7.3.3 Workmen's compensation insurance 7.3.4 Third-party liability insurance for dogs 7.4 Supervision and Control 7.4.1 International Association of Insurance Supervisors 7.4.2 European Insurance and Occupational Pensions Authority 7.4.3 Danish Financial Supervisory Authority (DFSA) 7.5 Non-Admitted Insurance Regulations 7.5.1 Overview 7.5.2 Intermediaries 7.5.3 Market practices 7.5.4 Fines and penalties 7.6 Company Registration and Operations 7.6.1 Types of insurance organization 7.6.2 Establishing a local company 7.6.3 Foreign ownership 7.6.4 Types of license 7.6.5 Capital requirements 7.6.6 Solvency margins 7.6.7 Reserve requirements 7.6.8 Investment regulations 7.6.9 Statutory return requirements 7.6.10 Fee structure 7.7 Taxation 7.7.1 Insurance premium or policy taxation 7.7.2 Withholding taxes on premium paid overseas 7.7.3 Corporate tax 7.7.4 VAT 7.7.5 Captives 7.8 Legal System 7.8.1 Introduction 7.8.2 Access to court 8 Competitive Landscape and Strategic Insights 8.1 Overview 8.2 Leading Companies in the Danish Life Insurance Segment 8.3 Comparison of the Top Five Insurers 8.3.1 Gross written premium 8.3.2 Gross claims 8.3.3 Loss ratio 8.3.4 Total assets 8.4 Leading Life Insurers - Product Portfolio 8.5 Leading Life Insurers - Key Developments 8.6 PFA Pension Forsikrings AS - Company Overview 8.6.1 PFA Pension Forsikrings AS - key facts 8.6.2 PFA Pension Forsikrings AS - key financials 8.7 Danica Pension, Livs forsikrings AS - Company Overview 8.7.1 Danica Pension, Livs forsikrings AS - key facts 8.7.2 Danica Pension, Livs forsikrings AS - key financials 8.8 Nordea Liv & Pension, livsforsikringsselskab AS - Company Overview 8.8.1 Nordea Liv & Pension, livsforsikringsselskab AS - key facts 8.8.2 Nordea Liv & Pension, livsforsikringsselskab AS - key financials 8.9 PensionDanmark AS - Company Overview 8.9.1 PensionDanmark AS - key facts 8.9.2 PensionDanmark AS - key financials 8.1 Sampension KP Livsforsikring AS - Company Overview 8.10.1 Sampension KP Livsforsikring AS - key facts 8.10.2 Sampension KP Livsforsikring AS - key financials 8.11 AP Pension Livsforsikringsaktieselskab - Company Overview 8.11.1 AP Pension Livsforsikringsaktieselskab - key facts 8.11.2 AP Pension Livsforsikringsaktieselskab - key financials 8.12 IndustriensPensionsforsikring AS - Company Overview 8.12.1 IndustriensPensionsforsikring AS - key facts 8.12.2 IndustriensPensionsforsikring AS - key financials 8.13 Pen-Sam Forsikring AS - Company Overview 8.13.1 Pen-Sam Forsikring AS - key facts 8.13.2 Pen-Sam Forsikring AS - key financials 8.14 SEB Pensionsforsikring AS - Company Overview 8.14.1 SEB Pensionsforsikring AS - key facts 8.14.2 SEB Pensionsforsikring AS - key financials 8.15 Laerernes Pension - Company Overview 8.15.1 Laerernes Pension - key facts 8.15.2 Laerernes Pension - key financials 9 Appendix - 1 9.1 Business Confidence 9.1.1 Market capitalization trend - Copenhagen Stock Exchange, Denmark 9.2 Economic Performance 9.2.1 GDP at constant prices (US$) 9.2.2 GDP per capita at constant prices (US$) 9.2.3 GDP at current prices (US$) 9.2.4 GDP per capita at current prices (US$) 9.2.5 GDP by key sector 9.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$) 9.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP 9.2.8 Manufacturing net output at current prices (US$) 9.2.9 Manufacturing net output at current prices as a percentage of GDP 9.2.10 Mining, manufacturing and utilities at current prices (US$) 9.2.11 Mining, manufacturing and utilities at current prices as a percentage of GDP 9.2.12 Construction net output at current prices (US$) 9.2.13 Construction net output at current prices as a percentage of GDP 9.2.14 Inflation rate 9.2.15 Exports as a percentage of GDP 9.2.16 Imports as a percentage of GDP 9.2.17 Merchandise exports growth 9.2.18 Merchandise imports growth 9.2.19 Annual average exchange rate DKK-US$ 9.3 Infrastructure 9.3.1 Commercial vehicle exports - total value 9.3.2 Commercial vehicle imports - total value 9.3.3 Automotive exports - total value 9.3.4 Automotive imports - total value 9.3.5 Total internet subscribers 9.4 Labor Force 9.4.1 Labor force 9.4.2 Unemployment rate 9.5 Demographics 9.5.1 Gross national disposable income (US$) 9.5.2 Household consumption expenditure (US$) 9.5.3 Total population 9.5.4 Urban and rural populations 9.5.5 Age distribution of the total population 10 Appendix - 2 10.1 Methodology 10.2 Contact Timetric 10.3 About Timetric 10.4 Timetric's Services 10.5 Disclaimer
List of Tables
Table 1: Danish Life Insurance - Key Facts, 2013 Table 2: Insurance Industry Definitions Table 3: Danish Insurance Industry - Gross Written Premium by Segment (DKK Billion), 2009-2013 Table 4: Danish Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2009-2013 Table 5: Danish Insurance Industry - Gross Written Premium by Segment (DKK Billion), 2013-2018 Table 6: Danish Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2013-2018 Table 7: Danish Insurance Industry - Gross Written Premium by Segment (Percentage Share), 2009-2018 Table 8: Danish Insurance Industry - Direct Written Premium by Segment (DKK Billion), 2009-2013 Table 9: Danish Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2009-2013 Table 10: Danish Insurance Industry - Direct Written Premium by Segment (DKK Billion), 2013-2018 Table 11: Danish Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2013-2018 Table 12: Danish Insurance Industry - Direct Written Premium by Segment (Percentage Share), 2009-2018 Table 13: Danish Life Insurance - Gross Written Premium by Category (DKK Billion), 2009-2013 Table 14: Danish Life Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013 Table 15: Danish Life Insurance - Gross Written Premium by Category (DKK Billion), 2013-2018 Table 16: Danish Life Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018 Table 17: Danish Life Insurance - New Business Written Premium (DKK Billion), 2009-2013 Table 18: Danish Life Insurance - New Business Written Premium (DKK Billion), 2013-2018 Table 19: Danish Life Insurance - Earned Premium (DKK Billion), 2009-2013 Table 20: Danish Life Insurance - Earned Premium (DKK Billion), 2013-2018 Table 21: Danish Life Insurance - Sum Assured (DKK Billion), 2009-2013 Table 22: Danish Life Insurance - Sum Assured (DKK Billion), 2013-2018 Table 23: Danish Life Insurance - Paid Claims (DKK Billion), 2009-2013 Table 24: Danish Life Insurance - Paid Claims (DKK Billion), 2013-2018 Table 25: Danish Life Insurance - Incurred Loss (DKK Billion), 2009-2013 Table 26: Danish Life Insurance - Incurred Loss (DKK Billion), 2013-2018 Table 27: Danish Life Insurance - Loss Ratio (%), 2009-2013 Table 28: Danish Life Insurance - Loss Ratio (%), 2013-2018 Table 29: Danish Life Insurance - Commissions and Expenses (DKK Billion), 2009-2013 Table 30: Danish Life Insurance - Commissions and Expenses (DKK Billion), 2013-2018 Table 31: Danish Life Insurance - Combined Ratio (%), 2009-2013 Table 32: Danish Life Insurance - Combined Ratio (%), 2013-2018 Table 33: Danish Life Insurance - Fraud and Crimes (DKK Billion), 2009-2013 Table 34: Danish Life Insurance - Fraud and Crimes (DKK Billion), 2013-2018 Table 35: Danish Life Insurance - Total Assets (DKK Billion), 2009-2013 Table 36: Danish Life Insurance - Total Assets (DKK Billion), 2013-2018 Table 37: Danish Life Insurance - Total Investment Income (DKK Billion), 2009-2013 Table 38: Danish Life Insurance - Total Investment Income (DKK Billion), 2013-2018 Table 39: Danish Life Insurance - Retentions (DKK Billion), 2009-2013 Table 40: Danish Life Insurance - Retentions (DKK Billion), 2013-2018 Table 41: Danish Individual Life Insurance - Number of Active Policies (Thousand), 2009-2013 Table 42: Danish Individual Life Insurance - Number of Active Policies (Thousand), 2013-2018 Table 43: Danish Individual Life Insurance - Gross Written Premium (DKK Billion), 2009-2013 Table 44: Danish Individual Life Insurance - Gross Written Premium (DKK Billion), 2013-2018 Table 45: Danish Group Life Insurance - Gross Written Premium by Category (DKK Billion), 2009-2013 Table 46: Danish Group Life Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013 Table 47: Danish Group Life Insurance - Gross Written Premium by Category (DKK Billion), 2013-2018 Table 48: Danish Group Life Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018 Table 49: Danish Group Life Insurance - Direct Written Premium by Category (DKK Billion), 2009-2013 Table 50: Danish Group Life Insurance - Direct Written Premium by Category (US$ Billion), 2009-2013 Table 51: Danish Group Life Insurance - Direct Written Premium by Category (DKK Billion), 2013-2018 Table 52: Danish Group Life Insurance - Direct Written Premium by Category (US$ Billion), 2013-2018 Table 53: Danish Group Life Insurance - Policies by Category (Thousand), 2009-2013 Table 54: Danish Group Life Insurance - Policies by Category (Thousand), 2013-2018 Table 55: Danish Group Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013 Table 56: Danish Group Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018 Table 57: Danish Group Whole Life Insurance - Gross Written Premium (DKK Billion), 2009-2013 Table 58: Danish Group Whole Life Insurance - Gross Written Premium (DKK Billion), 2013-2018 Table 59: Danish Group Superannuation Insurance - Number of Active Policies (Thousand), 2009-2013 Table 60: Danish Group Superannuation Insurance - Number of Active Policies (Thousand), 2013-2018 Table 61: Danish Group Superannuation Insurance - Gross Written Premium (DKK Billion), 2009-2013 Table 62: Danish Group Superannuation Insurance - Gross Written Premium (DKK Billion), 2013-2018 Table 63: Danish Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013 Table 64: Danish Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018 Table 65: Danish Individual Single-Premium Insurance - Gross Written Premium (DKK Billion), 2009-2013 Table 66: Danish Individual Single-Premium Insurance - Gross Written Premium (DKK Billion), 2013-2018 Table 67: Danish Individual Single-Premium Insurance - Direct Written Premium (DKK Billion), 2009-2013 Table 68: Danish Individual Single-Premium Insurance - Direct Written Premium (DKK Billion), 2013-2018 Table 69: Danish Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013 Table 70: Danish Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018 Table 71: Danish Individual Non-Single-Premium Insurance - Gross Written Premium (DKK Billion), 2009-2013 Table 72: Danish Individual Non-Single-Premium Insurance - Gross Written Premium (DKK Billion), 2013-2018 Table 73: Danish Individual Non-Single-Premium Insurance - Direct Written Premium (DKK Billion), 2009-2013 Table 74: Danish Individual Non-Single-Premium Insurance - Direct Written Premium (DKK Billion), 2013-2018 Table 75: Danish Group Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013 Table 76: Danish Group Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018 Table 77: Danish Group Single-Premium Insurance - Gross Written Premium (DKK Billion), 2009-2013 Table 78: Danish Group Single-Premium Insurance - Gross Written Premium (DKK Billion), 2013-2018 Table 79: Danish Group Single-Premium Insurance - Direct Written Premium (DKK Billion), 2009-2013 Table 80: Danish Group Single-Premium Insurance - Direct Written Premium (DKK Billion), 2013-2018 Table 81: Danish Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013 Table 82: Danish Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018 Table 83: Danish Group Non-Single-Premium Insurance - Gross Written Premium (DKK Billion), 2009-2013 Table 84: Danish Group Non-Single-Premium Insurance - Gross Written Premium (DKK Billion), 2013-2018 Table 85: Danish Group Non-Single-Premium Insurance - Direct Written Premium (DKK Billion), 2009-2013 Table 86: Danish Group Non-Single-Premium Insurance - Direct Written Premium (DKK Billion), 2013-2018 Table 87: Danish Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013 Table 88: Danish Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018 Table 89: Danish Linked Insurance Business - Gross Written Premium (DKK Billion), 2009-2013 Table 90: Danish Linked Insurance Business - Gross Written Premium (DKK Billion), 2013-2018 Table 91: Danish Linked Insurance Business - Direct Written Premium (DKK Billion), 2009-2013 Table 92: Danish Linked Insurance Business - Direct Written Premium (DKK Billion), 2013-2018 Table 93: Danish Non-Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013 Table 94: Danish Non-Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018 Table 95: Danish Non-Linked Insurance Business - Gross Written Premium (DKK Billion), 2009-2013 Table 96: Danish Non-Linked Insurance Business - Gross Written Premium (DKK Billion), 2013-2018 Table 97: Danish Non-Linked Insurance Business - Direct Written Premium (DKK Billion), 2009-2013 Table 98: Danish Non-Linked Insurance Business - Direct Written Premium (DKK Billion), 2013-2018 Table 99: Danish Life Insurance - Direct Marketing Commission Paid (DKK Million), 2009-2013 Table 100: Danish Life Insurance - Direct Marketing Commission Paid (DKK Million), 2013-2018 Table 101: Danish Life Insurance - New Business Gross Written Premium (DKK Billion), 2009-2013 Table 102: Danish Life Insurance - New Business Gross Written Premium (DKK Billion), 2013-2018 Table 103: Danish Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013 Table 104: Danish Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018 Table 105: Danish Life Insurance - Number of Direct Marketing Distributors, 2009-2013 Table 106: Danish Life Insurance - Number of Direct Marketing Distributors, 2013-2018 Table 107: Danish Life Insurance - Bancassurance Commission Paid (DKK Million), 2009-2013 Table 108: Danish Life Insurance - Bancassurance Commission Paid (DKK Million), 2013-2018 Table 109: Danish Life Insurance - New Business Gross Written Premium (DKK Billion), 2009-2013 Table 110: Danish Life Insurance - New Business Gross Written Premium (DKK Billion), 2013-2018 Table 111: Danish Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2009-2013 Table 112: Danish Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2013-2018 Table 113: Danish Life Insurance - Number of Bancassurance Distributors, 2009-2013 Table 114: Danish Life Insurance - Number of Bancassurance Distributors, 2013-2018 Table 115: Danish Life Insurance - Commission Paid to Agencies (DKK Million), 2009-2013 Table 116: Danish Life Insurance - Commission Paid to Agencies (DKK Million), 2013-2018 Table 117: Danish Life Insurance - New Business Gross Written Premium (DKK Billion), 2009-2013 Table 118: Danish Life Insurance - New Business Gross Written Premium (DKK Billion), 2013-2018 Table 119: Danish Life Insurance - New Policies Sold Through Agencies (Thousand), 2009-2013 Table 120: Danish Life Insurance - New Policies Sold Through Agencies (Thousand), 2013-2018 Table 121: Danish Life Insurance - Number of Agencies, 2009-2013 Table 122: Danish Life Insurance - Number of Agencies, 2013-2018 Table 123: Danish Life Insurance - E-Commerce Commission Paid (DKK Million), 2009-2013 Table 124: Danish Life Insurance - E-Commerce Commission Paid (DKK Million), 2013-2018 Table 125: Danish Life Insurance - New Business Gross Written Premium (DKK Billion), 2009-2013 Table 126: Danish Life Insurance - Gross Written Premium New Business (DKK Billion), 2013-2018 Table 127: Danish Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2009-2013 Table 128: Danish Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2013-2018 Table 129: Danish Life Insurance - Number of E-Commerce Distributors, 2009-2013 Table 130: Danish Life Insurance - Number of E-Commerce Distributors, 2013-2018 Table 131: Danish Life Insurance - Commission Paid to Brokers (DKK Million), 2009-2013 Table 132: Danish Life Insurance - Commission Paid to Brokers (DKK Million), 2013-2018 Table 133: Danish Life Insurance - New Business Gross Written Premium (DKK Billion), 2009-2013 Table 134: Danish Life Insurance - New Business Gross Written Premium (DKK Billion), 2013-2018 Table 135: Danish Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013 Table 136: Danish Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018 Table 137: Danish Life Insurance - Number of Brokers, 2009-2013 Table 138: Danish Life Insurance - Number of Brokers, 2013-2018 Table 139: Danish Life Insurance - Commission Paid to Other Channels (DKK Million), 2009-2013 Table 140: Danish Life Insurance - Commission Paid to Other Channels (DKK Million), 2013-2018 Table 141: Danish Life Insurance - New Business Gross Written Premium (DKK Million), 2009-2013 Table 142: Danish Life Insurance - New Business Gross Written Premium (DKK Million), 2013-2018 Table 143: Danish Life Insurance - New Policies Sold Through Other Channels (Thousand), 2009-2013 Table 144: Danish Life Insurance - New Policies Sold Through Other Channels (Thousand), 2013-2018 Table 145: Danish Life Insurance - Number of Distributors in Other Channels, 2009-2013 Table 146: Danish Life Insurance - Number of Distributors in Other Channels, 2013-2018 Table 147: Denmark - Life Insurance Regulatory Framework Table 148: Denmark - Property Insurance Regulatory Framework Table 149: Denmark - Motor Insurance Regulatory Framework Table 150: Denmark - Liability Insurance Regulatory Framework Table 151: Denmark - Minimum Coverage for Aircraft Third-Party Liability per Accident and Aircraft Table 152: Denmark - Corporate Tax Rates for Financial Year 2013 Table 153: Shares of Key Insurers in the Danish Life Insurance Segment (%), 2013 Table 154: PFA Pension Forsikrings AS, Key Facts Table 155: PFA Pension Forsikrings AS, Key Financials (DKK Million), 2009-2013 Table 156: Danica Pension, Livs forsikrings AS, Key Facts Table 157: Danica Pension, Livs forsikrings AS, Key Financials (DKK Million), 2009-2013 Table 158: Nordea Liv & Pension, livsforsikringsselskab AS, Key Facts Table 159: Nordea Liv & Pension, livsforsikringsselskab AS, Key Financials (DKK Million), 2009-2013 Table 160: PensionDanmark AS, Key Facts Table 161: PensionDanmark AS, Key Financials (DKK Million), 2009-2013 Table 162: Sampension KP Livsforsikring AS, Key Facts Table 163: Sampension KP Livsforsikring AS, Key Financials (DKK Million), 2009-2013 Table 164: AP Pension Livsforsikringsaktieselskab, Key Facts Table 165: AP Pension Livsforsikringsaktieselskab, Key Financials (DKK Million), 2009-2013 Table 166: IndustriensPensionsforsikring AS, Key Facts Table 167: IndustriensPensionsforsikring AS, Key Financials (DKK Million), 2009-2013 Table 168: Pen-Sam Forsikring AS, Key Facts Table 169: Pen-Sam Forsikring AS, Key Financials (DKK Million), 2009-2013 Table 170: SEB Pensionsforsikring AS, Key Facts Table 171: SEB Pensionsforsikring AS, Key Financials (DKK Million), 2009-2013 Table 172: Larernes Pension , Key Facts Table 173: Larernes Pension, Key Financials (DKK Million), 2009-2013



                                

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