Property and Casualty Insurance Market in Denmark Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Insurance Companies in Denmark and it is segmented by Product Type (Motor Vehicles, Fire and Other Damage to Property, Marine, Aviation and Transport, General Liability and Others) and Distribution Channel (Directs, Agents, Banks, and Others).

Property and Casualty Insurance Market in Denmark Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Denmark Property Casualty Insurance Market Size

Denmark Property & Casualty Insurance Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 4.16 Billion
Market Size (2030) USD 4.59 Billion
CAGR (2025 - 2030) 2.00 %
Market Concentration Medium

Major Players

Denmark Property & Casualty Insurance Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Denmark Property Casualty Insurance Market Analysis

The Denmark Property & Casualty Insurance Market size in terms of gross written premiums value is expected to grow from USD 4.16 billion in 2025 to USD 4.59 billion by 2030, at a CAGR of 2% during the forecast period (2025-2030).

Private property, commercial property, and Health & accident are among the leading segments in non-life insurance in Denmark and contributing to a continuous rise of the Property and Casualty market size in Denmark. The Insurance sector in Denmark is characterized as highly developed, with particularly high penetration and density. Non-life insurance penetration in Denmark still exists below life insurance resulting in insurance companies launching a varied range of nonlife insurance products which include P&C insurance as well to increase their market share.

With continuous climate change and increasing loss due to natural calamities in Denmark, P&C insurance has emerged as an essential product to mitigate the risks. Property and Casualty insurance in Denmark has shown a favorable underwriting result with relatively low expense ratios. The value of gross premiums written by property insurance companies in the country had continuously risen with a continuous rise in real estate markers.

Post covid, rising insurance companies in Denmark are completely changing the business model of the insurance sector. Making available insurance facilities online is leading people to choose between varied P&C insurance products from their locations. Out of Insurances taken out online by type, P&C insurance occupies the second largest share after health insurance in Denmark and is expected to drive the market over the forecasted period.

Denmark Property Casualty Insurance Industry Overview

The Property and Casualty Insurance Market in Denmark is fragmented. With an increase in investment by the people for their properties premiums of the P&C insurance policy are expected to increase over the coming period. To increase their market share and customer penetration insurance providers are launching digital P&C insurance products. Some of the existing P&C insurance providers in Denmark are Tryg, Topdanmark, Alm. Brand, Codan, Gjensidige Forsikring and IF Insurance.

Denmark Property Casualty Insurance Market Leaders

  1. Tryg

  2. Topdanmark

  3. Alm. Brand

  4. Codan

  5. Gjensidige Forsikring

  6. *Disclaimer: Major Players sorted in no particular order
Denmark Property & Casualty Insurance Market Concentration
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Denmark Property Casualty Insurance Market News

  • In March 2022, Danish insurance brokerage Assurance Partner which has been offering its insurance for housing associations and real estate companies since 1992 was acquired by financial advisory firm NORTH which exists as an advisory house in Danmark offering advice within non-life insurance, pensions, financial agreements, and mortgage financing.
  • In March 2022, Hemavi in partnership with Denmark home insurance company Hedvig launched its platform in Denmark. With this partnership, Hemavi offers home insurance to both tenants and landlords in Denmark through its platform

Denmark Property Casualty Insurance Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising demand for Residential and Commercial Property Insurance
  • 4.3 Market Restraints
    • 4.3.1 Rising Natural Calamities Creating Uncertinty for Insurance Providers
  • 4.4 Market Opportunities
    • 4.4.1 Rising Insurtech and Digital Insurance Expanding P&C Insurance Business
  • 4.5 Industry Attractiveness - Porters' Five Forces Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Technological Innovations in Denmark Property & Casualty Insurance
  • 4.7 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Motor Vehicle Insurance
    • 5.1.2 Fire and Other Damage Insurance
    • 5.1.3 Marine, Aviation and Transport
    • 5.1.4 General Liability
    • 5.1.5 Others
  • 5.2 By Distribution Channel
    • 5.2.1 Direct
    • 5.2.2 Agents
    • 5.2.3 Banks
    • 5.2.4 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Tryg Forsikring
    • 6.1.2 Topdanmark Forsikring
    • 6.1.3 Alm.Brand
    • 6.1.4 Codan Forsikring
    • 6.1.5 Gjensidige Forsikring
    • 6.1.6 IF Insurance
    • 6.1.7 LB Forsikring
    • 6.1.8 GF Forsikring
    • 6.1.9 Himmerland Forsikring
    • 6.1.10 Protector Forsikring*
  • *List Not Exhaustive

7. MARKET FUTURE TREND

8. DISCLAIMER AND ABOUT US

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Denmark Property Casualty Insurance Industry Segmentation

Property and Casualty Insurance is the type of coverage that protects the policyholder's property such as home, car, and other belongings. It also includes liability coverage which protects users if they're found legally responsible for an accident that causes injuries to another person or their property.

The denmark property and casualty insurance market is segmented by product type and by distribution channel. By product type the market is segmented into motor vehicles, fire and other damage to property, marine, aviation and transport, general liability, and others. By distribution channel the market is segmented into directs, agents, banks, and others. The report also covers the market sizes and forecasts for the property and casualty insurance market in value (USD) for all the above segments.

By Product Type Motor Vehicle Insurance
Fire and Other Damage Insurance
Marine, Aviation and Transport
General Liability
Others
By Distribution Channel Direct
Agents
Banks
Others
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Denmark Property Casualty Insurance Market Research FAQs

How big is the Denmark Property & Casualty Insurance Market?

The Denmark Property & Casualty Insurance Market size is expected to reach USD 4.16 billion in 2025 and grow at a CAGR of 2% to reach USD 4.59 billion by 2030.

What is the current Denmark Property & Casualty Insurance Market size?

In 2025, the Denmark Property & Casualty Insurance Market size is expected to reach USD 4.16 billion.

Who are the key players in Denmark Property & Casualty Insurance Market?

Tryg, Topdanmark, Alm. Brand, Codan and Gjensidige Forsikring are the major companies operating in the Denmark Property & Casualty Insurance Market.

What years does this Denmark Property & Casualty Insurance Market cover, and what was the market size in 2024?

In 2024, the Denmark Property & Casualty Insurance Market size was estimated at USD 4.08 billion. The report covers the Denmark Property & Casualty Insurance Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Denmark Property & Casualty Insurance Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Denmark Property Casualty Insurance Industry Report

Statistics for the 2025 Denmark Property & Casualty Insurance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Denmark Property & Casualty Insurance analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.