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Number of life insurance companies in Norway 2005-2021
There were seven fewer life insurance companies operating in Norway in 2021 when compared with the previous year. The number of life insurers had remained steady between 2009 and 2018, before climbing in 2019 and 2020. In 2021, there were only 17 life insurers, down from 24 in the previous year. The market share of the largest six life insurers accounted for more than 80 percent of the Norwegian life insurance market in recent years.