The largest life insurance company in Norway in 2022 was KLP. Indeed, this company held a market share of approximately 37 percent during that year. The market share refers to companies selling life products, such as accident insurance, pension products, and so on. In 2021, KLP had a premium income from group life insurance of more than 200 million Norwegian kroner.
Storebrand
In terms of premium income, however, the largest life insurance company in Norway was Storebrand. Although the company had the second largest market share in terms of life products, their premium income from life insurance was significantly higher than KLP’s income. In 2021, Storebrand had a life insurance premium income of almost three billion Norwegian kroner.
The life insurance market
Norwegians can have two types of life insurance, either individual or group life insurance. The latter life insurance covers several people, usually connected to the workplace. Most individuals in Norway are covered by group life insurance. Significantly more people in Norway had group life insurance than individual life insurance.
Largest life insurance companies in Norway from 2020 to 2022, by market share
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Nordisk Forsakringstidskrift. (June 3, 2023). Largest life insurance companies in Norway from 2020 to 2022, by market share [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1122216/market-share-of-life-insurance-companies-in-norway/
Nordisk Forsakringstidskrift. "Largest life insurance companies in Norway from 2020 to 2022, by market share." Chart. June 3, 2023. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1122216/market-share-of-life-insurance-companies-in-norway/
Nordisk Forsakringstidskrift. (2023). Largest life insurance companies in Norway from 2020 to 2022, by market share. Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1122216/market-share-of-life-insurance-companies-in-norway/
Nordisk Forsakringstidskrift. "Largest Life Insurance Companies in Norway from 2020 to 2022, by Market Share." Statista, Statista Inc., 3 Jun 2023, https://www.statista.com/statistics/1122216/market-share-of-life-insurance-companies-in-norway/
Nordisk Forsakringstidskrift, Largest life insurance companies in Norway from 2020 to 2022, by market share Statista, https://www.statista.com/statistics/1122216/market-share-of-life-insurance-companies-in-norway/ (last visited October 30, 2024)
Largest life insurance companies in Norway from 2020 to 2022, by market share [Graph], Nordisk Forsakringstidskrift, June 3, 2023. [Online]. Available: https://www.statista.com/statistics/1122216/market-share-of-life-insurance-companies-in-norway/
