• Latest
  • Trending
Growth of Danica Pension

Growth of Danica Pension Followed by its Acquisition

06/05/2019
Quick Ways to Get Followers on Instagram

Quick Ways to Get Followers on Instagram

27/05/2022

Start-up prep: Understanding the common pitfalls

10/05/2022
The standard 60/40 investment portfolio is dead: deVere CEO

The standard 60/40 investment portfolio is dead: deVere CEO

14/04/2022
Five of the Best Private Chefs & Catering Companies in Chamonix

Five of the Best Private Chefs & Catering Companies in Chamonix

03/03/2022
How fashion course help in fashion styling

How fashion course help in fashion styling

22/02/2022
Premier League matchday parking is almost double the cost of matchday parking in the Championship, new research reveals

Premier League matchday parking is almost double the cost of matchday parking in the Championship, new research reveals

08/02/2022
Why You Need an Updated Skincare Routine in the Winter

Why You Need an Updated Skincare Routine in the Winter

26/11/2021
Masham in Harrogate is the biker capital of the UK, new research reveals

Masham in Harrogate is the biker capital of the UK, new research reveals

17/11/2021
The British Brands Defined By Their Animal Association

The British Brands Defined By Their Animal Association

11/11/2021
5 Iconic Celeb-Inspired Shoe Trends We Can’t Resist

5 Iconic Celeb-Inspired Shoe Trends We Can’t Resist

10/11/2021
Top Reasons to Eat Superfoods

Top Reasons to Eat Superfoods

08/11/2021
A well-timed SMS will still be King of the Marketing Castle this Black Friday event

A well-timed SMS will still be King of the Marketing Castle this Black Friday event

08/11/2021
  • Authors
  • Write for us
  • Contact
Saturday, May 28, 2022
PostRadar
  • News
  • Business
    • Employment
    • Recruitment
    • Industrial
    • Marketing
  • Finance
    • Personal Finance
  • Property
    • Property Market
  • Lifestyle
    • Food & Drink
    • Healthcare
    • Consumer Advice
    • Fashion
    • Books
  • Travel
    • Tourism
  • Write for us
No Result
View All Result
  • News
  • Business
    • Employment
    • Recruitment
    • Industrial
    • Marketing
  • Finance
    • Personal Finance
  • Property
    • Property Market
  • Lifestyle
    • Food & Drink
    • Healthcare
    • Consumer Advice
    • Fashion
    • Books
  • Travel
    • Tourism
  • Write for us
No Result
View All Result
PostRadar
No Result
View All Result
Home Business

Growth of Danica Pension Followed by its Acquisition

Dan by Dan
06/05/2019
in Business, Finance
9
16
VIEWS
Share on FacebookShare on Twitter

What’s happening in the pension industry?

The financial industry is full of surprises, the stocks and the profit face ups and downs in a whimsical manner. The similar event happened with Danica pension which is a renowned pension provider of Danske bank. Danica pension has shown a profit of DKK 381 million which is almost equivalent to 51 million euros before the tax count only in the first quarter of 2019. This is an example of disruptive growth as Danica pension has showcased a growth of 22% which is amazing!

The group CEO Ole Krogh Petersen commented on this fabulous performance of Danica pension, and remarked that they are happy to know that the customers have recovered the losses which they faced during the 2018 period.

The reasons behind this growth?

According to resources, the financial performance of Danica pension was improved due to the financial developments which were prevailing in the market already. Apart from this, the income which came from Danica Pensionsforsikring played a vital role in healing the Danica pension.

As soon as a company achieves its desired growth, or to put it in the right way, overachieves it, it is pretty obvious that the company would go for expansions through further acquisitions. Let us hear more about the next steps or the planned action items for Danica pensions.

The CEO of the group, Ole Krogh Petersen has expressed the company’s interest in expansions and acquisition of subsidiaries. The CEO has mentioned that they are looking forward to integrate Danica Pensionforsikring as an important entity to it. Moreover, as the company grows in an exponential as well as in a disruptive manner, it is important to balance the customer experience accordingly, otherwise, there will be no benefit against the entire growth initiative. The organisation is planning to form Danica Sweden, which would expand the territories of the organisation as well as create a better hub for ensuring quality customer experience.

According to resources, the integration of Danica Pensionforsikring is in the state of work in progress. Internal reports suggest that the company is getting itself prepared to onboard 200,000 new customers, now this is a huge responsibility as onboarding new customers often leads to the backing out of existing ones as they experience degrading customer experience.

To deal with this challenge, Danica pension is all set to retain and satisfy its old, happy customers, along with the balance they are trying to achieve with the new ones as well. Now the question arises, what is the result of this? This initiative has resulted into lesser number of premiums which was visible within the first three months itself. The payments corresponding to the premiums resulted to DKK 7.8 billion which is almost equivalent to 1 billion euros. These numbers were basically the contributions of Danica Pensionforsikring, while the other units observed a slight lag in the single premium accounts. This is how Danica pension is trying to move ahead along with great level of growth in profit.

Share2Tweet1Share

Related Posts

Start-up prep: Understanding the common pitfalls

10/05/2022
19
5 Important Reasons Why Your Business Address Matters

5 Important Reasons Why Your Business Address Matters

04/10/2021
26
6 things to know about engineering recruitment agencies

6 things to know about engineering recruitment agencies

03/09/2021
22
9 Tips For Becoming An HR Consultant

9 Tips For Becoming An HR Consultant

19/08/2021
34
Agency or Freelancer – Which is Suitable to run your Digital Marketing?

Agency or Freelancer – Which is Suitable to run your Digital Marketing?

29/07/2021
28
BetterCommerce delivers a powerful Subscription engine for retailers

BetterCommerce delivers a powerful Subscription engine for retailers

08/07/2021
22
No Result
View All Result

Looking for writing opportunities

Get in touch to find out more.

Start Writing

Latest News

  • Trending
  • Comments
  • Latest
TalkTalk

TalkTalk: How To Make Customer Services Listen To Your Complaint?

07/05/2019
Pensioners

Pensioners: 2019 First Quarter Performance Revealed

03/05/2019
American stock market

How the American stock market is being affected by the current presidential run of Donald Trump

10/05/2019
“Margaret Beaufort of Bourne, Collyweston, Maxey and Deeping: The Tudor Dynasty” by Margaret Wainwright is published

“Margaret Beaufort of Bourne, Collyweston, Maxey and Deeping: The Tudor Dynasty” by Margaret Wainwright is published

23/12/2020
DB Transfer Inflows

DB Transfer Inflows At BJ Bell Half Over 12 Months

Hertz Deposit

£500 Hertz Deposit that somehow went “Undetected”

Fuel Efficient Petrol Cars

The Most Fuel-Efficient Petrol Cars You Can Buy

New Tax Reforms

Buy To Let Business Took A Hit In London With The New Tax Reforms

Quick Ways to Get Followers on Instagram

Quick Ways to Get Followers on Instagram

27/05/2022

Start-up prep: Understanding the common pitfalls

10/05/2022
The standard 60/40 investment portfolio is dead: deVere CEO

The standard 60/40 investment portfolio is dead: deVere CEO

14/04/2022
Five of the Best Private Chefs & Catering Companies in Chamonix

Five of the Best Private Chefs & Catering Companies in Chamonix

03/03/2022

Quick Links

  • Home
  • Authors
  • Contact
  • Write for us
  • Sitemap

Browse By Topic

  • News
  • Business
  • Finance
  • Lifestyle
  • Entertainment
  • Politics
  • Property

Recent News

News

Quick Ways to Get Followers on Instagram

27/05/2022
8
Business

Start-up prep: Understanding the common pitfalls

10/05/2022
19

© 2019 PostRadar

No Result
View All Result
  • Write for us
  • Get in touch
  • Home
  • Topics
  • Business
  • Education
  • Energy
  • Entertainment
  • Finance
  • Legal
  • Lifestyle
  • Politics
  • Property
  • Science & Technology
  • Transport
  • Travel

© 2019 PostRadar.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.