Banking and financial markets
Life insurance companies had a 13.5 per cent increase in earned premiums in 2014 compared to the year before. Non-life insurance companies had an increase in gross premium income of 5.5 per cent.

Life and non-life insurance companies, premiums and disbursements2014

As of 2016 the statistics is published with Life and non-life insurance companies, accounts


About the statistics


Name and topic

Name: Life and non-life insurance companies, premiums and disbursements
Topic: Banking and financial markets

Responsible division

Division for Financial Markets Statistics

Definitions of the main concepts and variables

Insurance companies' primary task is to allocate risk between policyholders and to some extent   transfer risk from the customers to Insurance companies'   themselves.

Gross premiums : any amount the insurance company during the accounting period has received or is expecting to receive.

Gross Claims : Claims that refer to the company's own direct insurance conferred compensation received under reinsurance.

For own account : Premiums or claims for own account means that it is deduction for r einsurers' share .

Definition of the classes (only in Norwegian): Statistiske kjennetegn


Standard classifications

Not relevant.

Administrative information

Regional level

Only at national level.

Frequency and timeliness


International reporting

Not directly. Premiums and claims are reported to Eurostat, but not divided by classes.


Publication-ready data are stored in a FAME-database.


Background and purpose

The purpose is to provide statistics for the national accounts, and publish statistics on premiums and claims by classes. Accounting statistics for life and non-life insurance companies was first published in NOS Credit Market Statistics 1912. From 1998 the accounts statistics was based up on new electronic reports, which have more details than the former manual reports. Statistics on the breakdown of premiums and claims by classes has been published since 1997.

Users and applications

The statistics are included in national accounts. Other users are the Financial Supervisory authority, media and the public.  

Coherence with other statistics

The statistics are based on the guidelines in the national accounts standards System of National Accounts from (SNA) and the IMF Manual on Monetary and Financial Statistics.

Statistics from the financial institutions are used in the national accounts, financial sector accounts, the balance of payments and in the Norwegian statistics of foreign debt and receivables.

Legal authority

Statistics Act Section 3-2 (state lending institutions), Act on the Supervision on Credit Institutions, Insurance Companies and Securities Trading, etc., Sections 1 and 4 (insurance companies). Data from foreign insurance companies (NUF) operating in Norway are collected by the legal authority in § 2-2 in the Statistics Act.

EEA reference

Council Directive 674/91

Council Regulation (EC) no. 2223/96

Council Regulation (EC) 410/98

Council Regulation (EC) no. 1392/2007

Council Regulation (EC) no. 2056/2002

Council Regulation (EC) no. 1606/2002

Council Regulation (EC) no. 297/2008

Commission Regulation 1225/1999

Commission Regulation 1227/1999

Commission Regulation 1228/1999



The population is all life and non-life insurance companies in Norway, including foreign branches in Norway. According to the Standard Industrial Classification this covers industries 65.110, 65.120 and 65.200.

The statistical unit forming the basis for the accounting reports is the enterprise.

Data sources and sampling

The statistics are based on accounting data from the enterprises.

The sample is defined on the basis of a number of financial corporations licensed by the Banking, Insurance and Securities Commission (the statistics are in principle based on total censuses).

Collection of data, editing and estimations

The Financial Supervisory authority and Statistics Norway cooperate in the collection of accounting information.

The data is controlled by the Financial Supervisory authority and Statistics Norway.


Not relevant.

Comparability over time and space

The statistics on premiums and claims by classes is based on current accounting regulations for life and non-life insurance companies. Breaches may therefore occur in connection with changes in accounting legislation and in the regulations applicable to the life and non-life insurance companies. Structural changes like new companies, mergers and spin-offs, with portfolio movements as one consequence, may also lead to breaches in the time series.



Accuracy and reliability

Sources of error and uncertainty

Errors and discrepancies can occur in the accounting data. These discrepancies can have a number of sources:

  • Errors in the reporting institutions' accounts
  • Errors in the transfer of data from the institution's primary accounts to recipients
  • Different accounting and evaluation principles
  • Different accounting dates for transactions
  • Insufficient data from the reporting parties
  • Processing errors

Due to large amounts of data and a dynamic control and revision system, published data will be regarded as preliminary until next years data for the same period is published. This means that data for the current year may be revised without this being marked in the preceeding publishing. Large and important revision however, will be commented upon in the publishing of Today's Statistics.