Reinsurance in Denmark, Key Trends and Opportunities to 2018

Published: Feb, 2015 | Pages: 73 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis

The Danish reinsurance segment is small, and insurers operating in the country cede a low percentage of their premium to reinsurers. Natural disasters such as floods and storms increased insurers' dependence on reinsurers during the review period (2009-2013), and the reinsurance written premium stood at DKK0.7 billion (US$0.1 billion) in 2013. The segment's growth was driven by the robust performance of direct insurers, and exposure to natural disaster-related risk, encouraging some insurers to cede a higher proportion of their premium with reinsurers. However, facultative reinsurance was discontinued in 2013, with only treaty reinsurance available for insurers operating in Denmark.

The Danish personal accident and health insurance segment ceded the highest percentage of its written premium to reinsurance in 2013 with 25.2%, while the non-life segment ceded 25.1% and the life segment ceded 5.6%. 
The implementation of Solvency II in January 2016 will also make smaller insurers more dependent on reinsurers in order to meet new minimum capital requirements.


Summary
The report provides in-depth market analysis, information and insights into the Danish reinsurance segment, including:

 The Danish reinsurance segment's growth prospects by reinsurance category

 Key drivers for the reinsurance segment 

 Danish reinsurance segment's growth prospects by reinsurance ceded from direct insurance

 The competitive landscape in the Danish reinsurance segment 

Scope
This report provides a comprehensive analysis of the reinsurance segment in Denmark:

 It provides historical values for Denmark's reinsurance 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 Denmark's reinsurance segment, along with market forecasts until 2018.

 It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Danish and its growth prospects.

Reason To Buy
 Make strategic business decisions using in-depth historic and forecast market data related to the Danish reinsurance segment and each sector within it

 Understand the demand-side dynamics, key market trends and growth opportunities in the Danish reinsurance 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 reinsurance segment is small, and insurers operating in the country cede a low percentage of their premium to reinsurers.

 Natural disasters such as floods and storms increased insurers' dependence on reinsurers during the review period.

 Facultative reinsurance was discontinued in 2013, with only treaty reinsurance available for insurers operating in Denmark.

 The Danish personal accident and health insurance segment ceded the highest percentage of its written premium to reinsurance in 2013. 

 The implementation of Solvency II in January 2016 will also make smaller insurers more dependent on reinsurers in order to meet new minimum capital requirements.

 Table of Contents
1 Key Facts
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 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2009-2018
5.2 Reinsurance Segment Size by Premium Ceded, 2009-2018
6 Key Industry Drivers
6.1 Reinsurance Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Danish Reinsurance Segment
7.3 Swiss Re Denmark Reinsurance A/S - Company Overview
7.3.1 Swiss Re Denmark Reinsurance A/S - key facts
7.4 Aspen Re - Company Overview
7.4.1 Aspen Re - key facts
7.5 Arch Re Accident & Health A/S - Company Overview
7.5.1 Arch Re Accident & Health A/S - key facts
7.6 Danish Re Syndicates Ltd - Company Overview
7.6.1 Danish Re Syndicates Ltd - key facts
8 Appendix - 1
8.1 Business Confidence
8.1.1 Market capitalization trend - Copenhagen Stock Exchange, Denmark
8.2 Economic Performance
8.2.1 GDP at constant prices (US$)
8.2.2 GDP per capita at constant prices (US$)
8.2.3 GDP at current prices (US$)
8.2.4 GDP per capita at current prices (US$)
8.2.5 GDP by key sector
8.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
8.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
8.2.8 Manufacturing net output at current prices (US$)
8.2.9 Manufacturing net output at current prices as a percentage of GDP
8.2.10 Mining, manufacturing and utilities at current prices (US$)
8.2.11 Mining, manufacturing and utilities at current prices as a percentage of GDP
8.2.12 Construction net output at current prices (US$)
8.2.13 Construction net output at current prices as a percentage of GDP
8.2.14 Inflation rate
8.2.15 Exports as a percentage of GDP
8.2.16 Imports as a percentage of GDP
8.2.17 Merchandise exports growth
8.2.18 Merchandise imports growth
8.2.19 Annual average exchange rate DKK-US$
8.3 Infrastructure
8.3.1 Commercial vehicle exports - total value
8.3.2 Commercial vehicle imports - total value
8.3.3 Automotive exports - total value
8.3.4 Automotive imports - total value
8.3.5 Total internet subscribers
8.4 Labor Force
8.4.1 Labor force
8.4.2 Unemployment rate
8.5 Demographics
8.5.1 Gross national disposable income (US$)
8.5.2 Household consumption expenditure (US$)
8.5.3 Total population
8.5.4 Urban and rural populations
8.5.5 Age distribution of the total population
9 Appendix - 2
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Danish Reinsurance - 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 Reinsurance - Premium Accepted by Category (DKK Billion), 2009-2013
Table 14: Danish Reinsurance - Premium Accepted by Category (US$ Billion), 2009-2013
Table 15: Danish Reinsurance - Premium Accepted by Category (DKK Billion), 2013-2018
Table 16: Danish Reinsurance - Premium Accepted by Category (US$ Billion), 2013-2018
Table 17: Danish Reinsurance - Premium Ceded by Type of Insurance (DKK Billion), 2009-2013
Table 18: Danish Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2009-2013
Table 19: Danish Reinsurance - Premium Ceded by Type of Insurance (DKK Billion), 2013-2018
Table 20: Danish Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2013-2018
Table 21: Danish Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 22: Danish Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 23: Danish Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 24: Danish Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 25: Danish Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 26: Danish Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 27: Key Reinsurers in the Danish Reinsurance Segment, 2013
Table 28: Swiss Re Denmark Reinsurance A/S, Key Facts
Table 29: Aspen Re, Key Facts
Table 30: Arch Re Accident & Health A/S, Key Facts
Table 31: Danish Re Syndicates Ltd, Key Facts