Summary
Life Insurance in Finland industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The Finnish life insurance market had total gross written premiums of $28.8 billion in 2022, representing a compound annual growth rate (CAGR) of 5.7% between 2017 and 2022.
- The life insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $25.9 billion, equivalent to 90% of the market's overall value.
- The impact of inflation on the insurance business includes the increase in the cost of claims due to the increase in prices of goods and service and expenses incurred in servicing insurance obligations.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Finland
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Finland
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Finland life insurance market with five year forecasts
Reasons to Buy
- What was the size of the Finland life insurance market by value in 2022?
- What will be the size of the Finland life insurance market in 2027?
- What factors are affecting the strength of competition in the Finland life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Finland's life insurance market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the rationale behind recent M&A activity?
8 Company Profiles
8.1. LocalTapiola Mutual Life Insurance Company
8.2. Mandatum Life Insurance Co Ltd
8.3. Nordea Life Assurance Finland Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Finland life insurance market value: $ billion, 2017-22(e)
Table 2: Finland life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Finland life insurance market category segmentation: $ billion, 2017-2022
Table 4: Finland life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Finland life insurance market value forecast: $ billion, 2022-27
Table 6: Finland life insurance market share: % share, by value, 2022(e)
Table 7: LocalTapiola Mutual Life Insurance Company: key facts
Table 8: LocalTapiola Mutual Life Insurance Company: Key Employees
Table 9: Mandatum Life Insurance Co Ltd: key facts
Table 10: Mandatum Life Insurance Co Ltd: Key Employees
Table 11: OP Life Assurance Company ltd: key facts
Table 12: Nordea Life Assurance Finland Ltd: key facts
Table 13: Nordea Life Assurance Finland Ltd: Key Employees
Table 14: Finland size of population (million), 2018–22
Table 15: Finland gdp (constant 2005 prices, $ billion), 2018–22
Table 16: Finland gdp (current prices, $ billion), 2018–22
Table 17: Finland inflation, 2018–22
Table 18: Finland consumer price index (absolute), 2018–22
Table 19: Finland exchange rate, 2016–20
List of Figures
Figure 1: Finland life insurance market value: $ billion, 2017-22(e)
Figure 2: Finland life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Finland life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Finland life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in Finland, 2022
Figure 6: Drivers of buyer power in the life insurance market in Finland, 2022
Figure 7: Drivers of supplier power in the life insurance market in Finland, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Finland, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Finland, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Finland, 2022
Figure 11: Finland life insurance market share: % share, by value, 2022(e)
