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Higher earned premiums for non-life insurance
statistikk
2016-06-27T10:00:00.000Z
Banking and financial markets
en
forsikring, Life and non-life insurance companies, accounts, profit and loss account, shares, bonds, commercial papers, primary capital certificates, financial instruments, liabilities, equity, lending, borrowers, issuersFinancial institutions and other financial corporations, Banking and financial markets
false
In 2015, non-life insurance companies had a 3.5 per cent increase in their earned premiums compared to the year before. Life insurance companies had a decrease in their gross premium income of 1.1 per cent.

Life and non-life insurance companies, accounts, 2015

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Higher earned premiums for non-life insurance

In 2015, non-life insurance companies had a 3.5 per cent increase in their earned premiums compared to the year before. Life insurance companies had a decrease in their gross premium income of 1.1 per cent.

Life and non-life insurance companies. Breakdown of premiums and claims by classes. HovedtabellPublished 27 June 2016
Total
20142015
Life insurance companies
Gross premiums written92 80991 794
Gross claim payment46 78349 242
Non-life insurance companies
Earned premiums63 46565 702
Claims incurred42 63746 057

Source: Statistics Norway

The nominal growth in premium income for the non-life insurance industry was NOK 2.2 billion in 2015. During the same period, the growth in claims incurred was NOK 3.4 billion, an increase of 8 per cent compare to 2014.

Motor vehicle; decrease in earned premiums

Motor vehicle insurance services had a decrease of 1.1 per cent in 2015, while claims incurred decreased by 3.8 per cent.

Decrease in premiums written for life insurance

Premiums written for life insurance decreased by 1.1 per cent from 2014 to 2015. During the same period, gross claim payments increased by 5.3 per cent and amounted to NOK 49.2 billion.

Decrease in premiums written for defined contribution pension schemes

Defined contribution pension schemes have the largest share of the premiums written and gross claim payments for life insurance. From 2014 to 2015, premiums written for defined contribution schemes decreased by 4.7 per cent, while gross claim payments increased by 3.2 per cent. Individual life insurance services had the greatest increase in premiums written of 21.1 per cent. During the same period, gross claim payments increased by 18.8 per cent.