Norway Life & Non-Life Insurance Companies - Top Company List (2024)

FAQs

Norway Life & Non-Life Insurance Companies - Top Company List? ›

If is the leading property and casualty insurer in the Nordic region, with over 3.7 million customers in the Nordic and Baltic countries.

If is the leading property and casualty insurer in the Nordic region, with over 3.7 million customers in the Nordic and Baltic countries.

Private health insurance in Norway is provided by for-profit insurance companies and allows for quick access, a larger choice of private providers, and better facilities. Nine percent of Norway's population (15% of the workforce) have some kind of private medical insurance.

Purchasable from 18-60 years, life insurance provides a one-off payout in the event of your death, regardless of cause. The compensated amount is NOK 500 000-3 million, with the possibility of applying for a higher sum.

KLP, Storebrand Livsforsikring, Nordea Liv, Oslo Pensjonsforsikring and Gjensidige Forsikring ASA are the major companies operating in the Norway Life & Non-Life Insurance Market.

In global comparison, the United States is anticipated to generate the highest gross written premium of US$3,371.0bn in 2024. In the worldwide non-life insurance market, countries like the United States and China are experiencing a surge in demand due to increasing awareness about the importance of insurance coverage.

Key Findings: The top-performing countries overall are Norway, the Netherlands, and Australia. The United States ranks last overall, despite spending far more of its gross domestic product on health care.

Which country has highest life insurance? ›

In 2022, the United States was the leading life insurance premium writing country, with a total value of life direct premiums written exceeding 600 billion U.S. dollars.

After Sweden, Norway ranked as the second best country in the world for quality of life, according to the U.S. News and World Report. Canada rounds out the top three. The country is known for its affordability, access to education, and healthcare system.

However, according to the figures in Numbeo, a single person (living outside of Oslo) should be comfortable on a 500,000 - 600,000 NOK salary per year, while a family (living outside of Oslo) should be comfortable on an 800,000 - 1,000,000 NOK annual salary.

The total Nordic P&C markets size is estimated at EUR 30 billion (in 2022).

First credit facility linked to ESG targets is launched. Nordic Capital receives highest score from the UNPRI for ESG work and joins the global ILPA ESG Data Convergence Project. 2022: Fund XI closes at EUR 9 bn, the largest fund raised in the firm's history, over 45% larger than its predecessor.

The Viking Insurance Company of Wisconsin was a property insurer in 27 states until 2005 when Sentry Insurance acquired Viking. It now operates under Dairyland National Insurance Company providing high-risk auto insurance in 44 states.