FUSIONSBOLGE PA VEJ I FORSIKRINGER

Article Abstract:

Bent Knie-Andersen, chairman of R det for Dansk Forsikring & Pension, the trade organisation of the Danish insurance sector, and MD of the insurance company Alm Brand, anticipates a concentration of the sector through mergers in the next few years. He expects that 4-5 groups will control the main part of the sector, which means the Danish insurance market will be similar to the markets in other Nordic countries. Bent Knie-Andersen says middle-sized companies risk to lose in the long run, whereas large companies will become even larger and small companies will remain small. Nordic companies such as Swedish Trygg-Hansa and Norwegian Storebrand have already shown interest in expanding in Denmark, the paper comments.

Comment:

Chairman of this co anticipates concentration of insurance sector through mergers in next few years

Public affairs, Alm. Brand A/S, Article

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DENMARK: DAMAGES TOTALLED DKR 3BN

Article Abstract:

Forsikringsoplysningen, the information agency of Danish insurance companies, has re-estimated damages caused by the hurricane past weekend to DKr 3bn (USD 0.4bn) from DKr 1.7bn. However, the agency states that insurance premiums are not likely to be raised as a consequence of the hurricane, as premium revenues of Danish non-life insurance companies total about DKr 30bn a year.

Use of services, Property & Liability Insurance, Direct Property and Casualty Insurance Carriers, Statistical Data Included, Property and casualty insurance

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DENMARK: CODAN TO DEVELOP E-COMMERCE

Article Abstract:

The Danish insurance company Codan aims at becoming a fore-runner in e-commerce in the Scandinavian insurance sector within the next three years. From now on, the company is targeting business clients; and from 1 March 2000, even households will be targeted.

General services, On-Line Information Services, Marketing procedures, Videotex & Teletext, Internet services, Codan

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