European Insurance News & Views "Key takeaways from Tryg analyst day" Lu

Research evidence excerpt

European Insurance News & Views "Key takeaways from Tryg analyst day" Lu

Global Research

8 June 2026ab

European Insurance News & Views Equities

Europe including UKKey takeaways from Tryg analyst day

Financial

Qian Lu

Headline: Key takeaways from Tryg analyst day Analyst

qian-za.lu@ubs.com

Tryg hosted an Analyst Day last week in Copenhagen. We provide key takeaways from +44-20-7567 4657

the event below. Will Hardcastle, CFA

Analyst

will.hardcastle@ubs.com

UBS Summary:

+44-20-7567 9763

Nasib Ahmed, FIA

Tryg Analyst Day: 1. Danish Workers Comp: the provision is conservative based on Analyst

bottom-up and thorough analysis and management believes it's extremely unlikely they nasib-za.ahmed@ubs.com

will see negative run-off. New business pricing has already reflected the ruling; 2. +44-20-7568 8231

Growth: growth potential was a main topic at the event where management provided

Chloe Ryan

insights into the commercial initiatives being implemented including new partnerships in Associate Analyst

Denmark and Sweden with new sales index up double digits Jan-Apr across most lines chloe.ryan@ubs.com

but we note mix and retention effects and Danish Commercial drag would dampen the +44-20-7567 3505

translation to topline growth; 3. Inflation: management believes that inflationary

pressure will very likely come through at some point from the Middle East conflict (0

impacts seen in portfolios currently) and they will aim to adjust pricing ahead of inflation

but we also sense some commercial considerations here as Tryg seems to position itself

as an early mover but not a first mover to price for inflation, which makes sense given its

market shares in Sweden and Norway, and increased price sensitivity post a prolonged

period of prices in the region.

Other News Headlines: