Life and non-life insurance companies, premiums and disbursements, 2006

For the non-life insurance industry the nominal growth in earned premiums was NOK 1.9 billion. The growth in claims incurred was NOK 1.1 billion, which equals a 4 per cent increase compared to the previous year. For non-life insurance the trend with higher nominal growth in earned premiums than in claims incurred continued. In 2006 also the percentage growth was higher for earned premiums than for claims incurred.

The distribution of the premiums between different insurance classes remained relatively stable during the last year, while claims incurred had a marginal distribution change from the rest of the insurance classes to private non-marine services. Because of the change in distribution for claims incurred, the distribution is now almost equal for premiums and claims. It is private non-marine service that has the biggest share with 50 per cent, while non-marine industry stands for 39 per cent of the earned premiums and 40 per cent of the claims incurred.

From 2005 to 2006 there was a small decrease in earned premiums for the life insurance industry, while the claims incurred increased by 24 per cent. This equals a decrease in NOK 0.2 billion in earned premiums and an increase of NOK 7 billion for the claim incurred.

With shares of respectively 65 per cent of the premiums and 45 per cent of claims, it is group pension services that have the biggest distribution of both earned premiums and claims incurred. The shares for individual life insurance services and individual pension service are respectively 23 and 10 per cent of the earned premiums and 31 and 22 per cent of the claims incurred.

Tables

Published tables