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Higher earned premiums for non-life insurance
statistikk
2014-12-17T10:00:00.000Z
Banking and financial markets
en
forsbra, Life and non-life insurance companies, premiums and disbursements, premium income, claims settlement, claims payment, pension insuranceFinancial institutions and other financial corporations, Banking and financial markets
false

Life and non-life insurance companies, premiums and disbursements, 2013

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Higher earned premiums for non-life insurance

In 2013, non-life insurance companies had a 4.6 per cent increase in their earned premiums compared to the year before. Life insurance companies had a marginal decrease in their gross premium income of 0.4 per cent.

Life and non-life insurance companies. Breakdown of premiums and claims by classes. HovedtabellPublished 17 December 2014
Total
20122013
Life insurance companies
Gross premiums written82 10281 765
Gross claim payment44 19045 113
Non-life insurance companies
Earned premiums57 51460 142
Claims incurred39 90641 569

Source: Statistics Norway

The nominal growth in premium income for the non-life insurance industry was NOK 2.6 billion in 2013. During the same period, the growth in claims incurred was NOK 1.7 billion.

House insurance; increase in earned premiums

Motor vehicle insurance services had an increase of 6.5 per cent in 2013, while claims incurred increased by 4.0 per cent. In 2013, house insurance services had an increase in earned premiums of 17.7 per cent, while claims incurred decreased by 21.4 per cent. For private insurance, cottage insurance experienced the highest increase in earned premiums of 23 per cent.

Weak decrease in premiums written for life insurance

Premiums written for life insurance decreased by 0.4 per cent from 2012 to 2013. During the same period, gross claim payments increased by 2.1 per cent and amounted to NOK 45.1 billion.

Increase in premiums written for individual life insurance

The group pension service has the largest share of the premiums written and gross claim payments for life insurance. However, from 2012 to 2013, premiums written for group pension services decreased by 4.1 per cent, while gross claim payments increased by 7.6 per cent. Individual life insurance services had the greatest increase in premiums written of 25.8 per cent. During the same period, gross claim payments decreased by 8.9 per cent.