Today
the field of accident and health insurance shows how relevant this adage has become
for modern living. To feel safe rather than sorry, people in large numbers are
opting for accident and health insurance policies. The world over the accident
and health insurance is recording huge growth. Market analyst Ken Research has
analysed this growth for Denmark in its recently released report, “Personal Accident
and Health Insurance in Denmark, Key Trends and Opportunities to 2020.” The
report forecasts tremendous growth in Denmark’s accident and health insurance industry
owing to factors such as the increasing awareness of policies, insurance companies
giving more risk coverage, and improvement in the country’s overall economic
environment.
Denmark stands tall in the north European market
with the highest market penetration in the personal accident and health
insurance segment. The country has a competitive insurance landscape populated
by a number of public and private companies. In the country, the accident and health insurance market is
dominated by the public sector
insurance companies. The Danish people generally buy accident and health insurance policies
from these companies, as their policies are cheap in comparison to those sold
by the private sector companies.
According to Ken Research
Report “Personal
Accident and Health Insurance in Denmark, Key Trends and Opportunities to 2020”
, the Danish personal accident
and health insurance segment is expected to grow at a healthy CAGR of 5.5%. Rising
healthcare expenditure will compel new segments of population, especially the
middle class, to opt for the health and accident insurance cover to be able to
cope with emergencies. Report also forecast good growth for the private insurance companies
because they have introduced a wide range of policies for specialized treatments which are not provided by the public sector companies. Innovation and better delivery of services by the private
sector companies are attracting customers towards them.
Today, protective insurances are not just for the rich
population but they must be made affordable for everyone. Keeping this in mind,
the insurance companies must launch policies which can cater to different
strata of society.
In future, the health insurance companies in will
push towards preventive healthcare rather than solely bank on traditional curing
model where treatment is sought after disease has already occurred.
Bancassurance is an integral part
of insurance distribution in Denmark, even for the newer insurance segments
such as health and personal accidents policies. This trend is likely to
continue as many insurance companies are owned by banks or belong to the same banking
groups.
Major Players in the Industry:
TrygForsikring A/S CodanForsikring A/S
TopdanmarkForsikring A/S Alm. Brand Forsikring A/S PFA Pension Danica Pension
Nordea Liv & Pension PensionDanmarkSampension KP Sygeforsikringen
"Danmark", GS
Topics Covered in The
Report
·
Global Non life insurance industry,
·
Non-Life insurance sector trends Denmark,
·
Denmark General insurance regulations,
·
Health insurance market research Denmark,
·
Health insurance demand Denmark,
·
Personal Accident Insurance Industry Denmark,
·
Personal Accident Insurance Gross Written Premium Denmark
·
Health Insurance Gross Written Premium Denmark
·
Personal Accident Insurance Industry Growth Denmark
·
Personal Accident Insurance Industry future Denmark
·
Personal Accident Insurance Industry Trends Denmark
·
Personal Accident Insurance Industry analysis Denmark
·
Personal Accident Insurance Industry size Denmark
For more coverage on the topic visit the link:
Related reports
Contact:
Ken Research
Ankur Gupta,
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