Summary
Insurance in Finland industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Finnish insurance market had total gross written premiums of $28.8bn in 2020, representing a compound annual growth rate (CAGR) of 3.1% between 2016 and 2020.
- The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $23.9bn, equivalent to 82.8% of the market's overall value.
- Despite Finland’s thriving agricultural industry, the uptake of crop and pest insurance policies in the country is minimal. To encourage growth in this area, the Finnish government has recently proposed the elimination of premium taxes on these products until 2027.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Finland
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Finland
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Finland insurance market with five year forecasts
Reasons to Buy
- What was the size of the Finland automotive manufacturing market by value in 2020?
- What will be the size of the Finland automotive manufacturing market in 2025?
- What factors are affecting the strength of competition in the Finland automotive manufacturing market?
- How has the market performed over the last five years?
- What are the main segments that make up Finland's automotive manufacturing 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 has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 Company Profiles
8.1. Nordea Bank Abp
8.2. Mandatum Life Insurance Co Ltd
8.3. LahiTapiola Group
8.4. OP Financial Group
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 insurance market value: $ billion, 2016–20
Table 2: Finland insurance market category segmentation: $ billion, 2020
Table 3: Finland insurance market geography segmentation: $ billion, 2020
Table 4: Finland insurance market value forecast: $ billion, 2020–25
Table 5: Finland insurance market share: % share, by value, 2020
Table 6: Nordea Bank Abp: key facts
Table 7: Nordea Bank Abp: Annual Financial Ratios
Table 8: Nordea Bank Abp: Key Employees
Table 9: Nordea Bank Abp: Key Employees Continued
Table 10: Mandatum Life Insurance Co Ltd: key facts
Table 11: Mandatum Life Insurance Co Ltd: Key Employees
Table 12: LahiTapiola Group: key facts
Table 13: LahiTapiola Group: Key Employees
Table 14: OP Financial Group: key facts
Table 15: OP Financial Group: Key Employees
Table 16: Finland size of population (million), 2016–20
Table 17: Finland gdp (constant 2005 prices, $ billion), 2016–20
Table 18: Finland gdp (current prices, $ billion), 2016–20
Table 19: Finland inflation, 2016–20
Table 20: Finland consumer price index (absolute), 2016–20
Table 21: Finland exchange rate, 2016–20
List of Figures
Figure 1: Finland insurance market value: $ billion, 2016–20
Figure 2: Finland insurance market category segmentation: % share, by value, 2020
Figure 3: Finland insurance market geography segmentation: % share, by value, 2020
Figure 4: Finland insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Finland, 2020
Figure 6: Drivers of buyer power in the insurance market in Finland, 2020
Figure 7: Drivers of supplier power in the insurance market in Finland, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Finland, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Finland, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Finland, 2020
Figure 11: Finland insurance market share: % share, by value, 2020
