Security for the individual growth for the economy
|
|
- Matthew Webster
- 8 years ago
- Views:
Transcription
1 INSURANCE IN SWEDEN STATISTICS 214
2 Security for the individual growth for the economy We are all exposed to risk. It might be the risk of being in a traffic accident or of a fire in your home. It could be theft or long-term illness. Without insurance these events could entail financial disaster. With insurance you can be financially protected. The idea of insurance is simple: you share the risks. Through insurance a household or a company pays a premium in exchange for compensation by the insurance company if disaster should strike. A private individual can also take out a pension insurance that pays a given future income in exchange for premium payments made in the present. Insurance makes it possible for private individuals and companies to live and work in economically stable conditions. Through this brochure we want to provide an overall view of the insurance industry and describe its importance for the national economy.
3 The insurance industry The insurance industry is an important part of the national economy. Through insurance individuals and companies can obtain financial protection at a low cost against different types of risk. Swedish insurance companies generated premium income of over SEK 31 billion in 214, they employed almost 2, people and invested around SEK 3,9 billion in the global economy. There are about 4 registered insurance companies in Sweden. Most of them are small local nonlife insurance companies. The market is concentrated into a few large companies and company groups. In nonlife insurance the five largest insurance companies/groups have 84 per cent of the market. In life insurance the five largest insurance companies/groups have 6 per cent of the market. The international presence has increased recent years. At present there are 53 foreign insurance companies represented via branches or agencies. Number of insurance companies 214 National insurance companies, of which 133 Unit-linked insurance companies 9 Other life insurance companies 32 Non-life insurance companies 92 Local insurance companies, of which 141 Large local companies 4 Small local companies 11 Friendly societies 66 Foreign companies, branches and agencies 52 Total 393 Source: Swedish Financial Supervisory Authority The insurance industry employs about 2, people. This is equivalent to a half percent of all gainfully employed people in Sweden. The share of women is 53 per cent compared to 5 per cent in other industries. There are many different jobs in the insurance industry. Common occupations are claims adjuster, service center and salesmen, but also economists and lawyers. The level of education has increased steadily from 17 per cent in 2 to 31 per cent in 212. Antal motorförsäkringar Antal trafikförsäkringar Number Antal anställda employed in the insurance industry Total Women Men Source: Swedish Financial Supervisory Authority INSURANCE IN SWEDEN 3
4 Insurance in Sweden In Sweden 95 per cent of all households have home insurance. Most employees have occupational pension insurance and a large proportion of the population also have private insurance policies. In recent years the number of private health care insurance policies also increased substantially. In 214 non-life insurance companies paid out slightly less than SEK 51 billion in compensation for various claims. Life insurance companies paid out over SEK 86 billion in pensions and death benefit. Number of non-life insurance policies written (home, holiday home, boat) Non life insurance The number of non-life insurance policies for homes, holiday homes and boats Million 6 amounted to almost 5.6 million in 214. Householder insurance stands for the 5 largest part, 3.1 million, and the largest increase. The number of homeowner 4 insurance amounts to 1.7 million. Home insurance consists of a package of various non-life insurance 3 policies that protect the policyholder s belongings in the event of theft or fire, for 2 example. The policies also provides travel insurance, insurance against assault 1 or liability to pay damages. The number of holiday home insurance and boat insurance has been stable and amounted to 577 and 275 in 214. Holiday home Boat Householder Homeowner The number of claims for householder and homeowner, holiday home and boat insurance policies reported to non-life companies in 213 amounted to over 849,. Claims for all-risk policies have more than doubled during the latest 1-years period from 19, to 24,. Also claims for thefts, machinery- and water damage has also increased. The number of claims has increased by 74 per cent between 24 and 213. Number of claims reported due to type of damage All-risk Machinery Other Water thefts damage in travel insurance Burglary Bicycle theft Storm due to natural disaster Fire Legal Liability Robbery protection and assault Water damage due to natural disaster INSURANCE IN SWEDEN 214
5 Insurance companies paid claims of nearly SEK 8.7 billion in 213. The most common type of claim was on all-risk policies, while the largest type of claim in terms of value was fire damage. The average claim paid has been the same, around SEK 1.6, during the latest 1-years period. The average claim paid for fire damages amounted to SEK 85. and for bicycle thefts 3., but the claim paid varies due to the scale of the damage. Average claims paid by type of damage in home, holiday home and boat insurance 213 SEK Average claims cost 213 is SEK 1.6 for each claim. 1 Fire Water Water Burglary Legal Storm Liability Robbery Machinery Other All-risk Bicycle damage due to natural disaster protection due to natural disaster and assault thefts in travel insurance thefts The average claim paid for fire damages has almost doubled between 24 and 213, although the number of fires occurred has been the same. Thus, there is a large variation depending on the scale of each fire and the value damaged. The average claim paid is relatively constant for storm and water damages. Development of average claim paid for fire, storm and water damage SEK Water damages due to natural disaster Water damages due to other causes Fire damages Storm damages due to natural disaster INSURANCE IN SWEDEN 5
6 Motor third-party liability insurance is a compulsory policy that among other things covers personal injury. In 213 it covered just over 5.8 million vehicles. Motor vehicle insurance covers damage to the vehicle itself, among other things, and covered around 6.5 million vehicles Number of motor vehicle and motor third party liability insurance policies written Million Antal motorförsäkringar Antal trafikförsäkringar Number of motor vehicle insurance policies Number of third party liability insurance policies In 213 the number of claims reported was nearly 1,2., most of them for motor vehicle insurance. The trend for number of claims reported for motor third party liability insurance has been slightly downwards while the claim paid has increased. Claims reported for motor vehicle insurance have increased with 37 per cent between 24 and 213 while average claim paid has been constant. Insurance companies paid out compensation of SEK 11.5 billion. The average claim paid was SEK 16. in third party liability insurance and SEK 9. in motor vehicle insurance. The average claim paid in motor vehicle and motor third party liability insurance SEK Third Anmälda party skador liability trafikförsäkring insurance Motor Anmälda vehicle skador insurance motorförsäkring Utbetalad ersättning trafikförsäkring Utbetalad ersättning motorförsäkring 6 INSURANCE IN SWEDEN 214
7 Pet insurance The premium income for pet insurance has increased substantially and amounted to SEK 3.1 billion in 214. One reason to the increase could be that pets often nowadays are counted for as family members, entitled to e.g. health care if needed. Premium income for pet insurance SEK million Sickness insurance Sickness and accident insurance consists of several different types of policy. It includes child insurance, rehabilitation insurance, accident insurance and various forms of sickness insurance. Group insurance is normally written via a trade union. In 213 the number of sickness and accident insurance decreased by 5 per cent. Policies paid by employers and via trade unions decreased, while individual written policies increased. Number of sickness and accident policies written Million Employer-paid Group insurance Individual Arbetsgivarbetald Gruppförsäkring Individuell INSURANCE IN SWEDEN 7
8 The number of private health care insurance policies has increased in recent years. In 214 about 622, people had private health care insurance. Most of these people have their policy paid by their employer. Private health care insurance complements public welfare and social protection systems. Health care insurance gives faster care and can also help towards covering some costs that arise in connection with health care. Number of private health care insurance policies Thousand Employer-paid Arbetsgivarbetald Group Gruppförsäkring insurance Individual Individuell Savings The Swedish pension system has three parts: national pension, occupational pension and private pension. Over a quarter of the Swedish population (26 per cent) had private taxdeductible pension savings in 213. In the age group 2-64 the percentage was 36 per cent and in the age group 4-54 the percentate was over 45 per cent. Average savings for these were over SEK 6, per person. Due to changes in the tax-deduction the private pension savings are expected to decrease. Percentage of salaried employee who save in a private tax-deductible pension scheme by age 213 Procent Note: Only includes pension insurance, not endowment insurance Source: Statistics Sweden 8 INSURANCE IN SWEDEN 214
9 Private pension insurance is classified for taxation purposes either as pension insurance or endowment insurance. Premiums paid for private pension and endowment insurance was more than SEK 74 billion in 214. The policies classified as endowment insurance constitute over 9 per cent of all private pension insurance. Private pension insurance can be divided into unit-linked insurance and other life insurance. Of these, other life insurance is greatest by volume. Other life insurance includes traditional life insurance and deposit insurance. Premiums paid for private pension and endowment insurance, broken down into unit-linked insurance and other insurance % 5% 6% 2% Privat pensionförsäkring, fo Privat pensionförsäkring, öv Kapitalförsäkring, fond Kapitalförsäkring, övrig livfö Private pension insurance, unit-linked Private pension insurance, other life insurance Endowment insurance, unit-linked Endowment insurance, other life insurance Swedish households have more than doubled their financial savings in 1 years. The most common form of saving in 214 is occupational pension and together with private insurance savings it stands for nearly half of total savings (44 per cent). Other types of savings are bank accounts, shares or mutual funds. The financial crisis in 28 meant that, above all, savings in shares lost in value. Household financial savings by type of saving SEK billion Insurance savings, collective, excluding pension Shares Försäkringssparande, Insurance savings, individual kollektivt, ej PPM Försäkringssparande, Bonds individ Fondandelar Mutual fund units Aktier Bank deposits Obligationer Source: Statistics Sweden Bankinlåning INSURANCE IN SWEDEN 9
10 Insurance companies market shares and products The insurance industry can be divided into non-life and life insurance. In non-life insurance there are a number of different products that cover a lot of different risks, such as property insurance, third-party insurance, legal expenses insurance, assault insurance, and travel insurance. In life insurance the risk is associated with the life and health of the person insured. Many life insurance products are also a form of saving. Gross Written Premium for non-life insurance companies amounted to slightly less than SEK 7 billion in 214. The five largest insurance companies are Länsförsäkringar, If, Folksam, Trygg Hansa and Moderna Försäkringar. Gross Written Premium for non-life insurance by company 214 3% 16% 16% 17% 3% 18% Länsförsäkringar If Skadeförsäkring Trygg-Hansa Folksam Moderna Försäkringar Övriga Länsförsäkringar If Folksam Trygg Hansa Moderna Försäkringar Other Premiums paid for life insurance was SEK 193 billion in 214. The five largest life insurance companies are Folksam, Skandia, Alecta, AMF and SEB Trygg Liv. 5% 7% Premiums paid for life insurance by company 214 4% 4% 7% 13% 7% 9% 17% 12% 15% Alecta Skandia Folksam SEB Skandia Trygg Liv Alecta Folksam AMF Swedbank Försäkring SEB Trygg Liv AMF Swedbank Pension Försäkring Avanza Nordea Liv Länsförsäkringar Länsförsäkringar SPP Nordea Handelsbanken Liv Nordnet Other Övriga Transferred capital is not included. 1 INSURANCE IN SWEDEN 214
11 Non-life insurance compensates for loss suffered to property and pays damages to third parties. Life insurance companies sickness and accident insurance is also classified as non-life insurance. 214 gross written premium for nonlife insurance companies was slightly less than SEK 7 billion. The most common non-life insurance is motor vehicle insurance closely followed by business and real property insurance, and householder and homeowner insurance. Gross Written Premium for non-life insurance by class of business 214 5% 4% 25% Motor 12% Företag och fastighet Hem och villa Trafik Motor Sjuk vehicleoch olycksfall Business Husdjur and real property 12% Householder Övrigtand homeowner Third-party liability Sickness and accident Pet 21% 21% Other Life insurance pays compensation when the person insured is injured or dies, and when the insured person reaches pensionable age. Insurance products that contain both insurance and savings components are called pension insurance. In 214 premiums paid for pension insurance policies amounted to SEK 193 billion. Pension insurance can be divided into occupational pension, private pension insurance and endowment insurance. Premiums paid for life insurance broken down into occupational pension, private pension and endowment insurance % 3% 19% 3% 27% 34% Tjänstepension, fond Tjänstepension, övrigt Privat försäkring, fond Privat försäkring, övrigt Kapitalförsäkring, fond Kapitalförsäkring, övrigt Occupational pension, unit-linked Occupational pension, other Private insurance, unit-linked Private insurance, other Endowment insurance, unit-linked Endowment insurance, other Transferred capital is not included. INSURANCE IN SWEDEN
12 Insurance companies investments Insurance companies are major investors in the global economy. They manage a lot of money for the benefit of their customers. At the end of 214 insurance companies investment assets amounted to more than SEK 3,878 billion. That corresponds to about 99 per cent of Sweden s GDP and 73 per cent of Stockholm stock exchange in 214. The capital is mainly invested in shares, mutual funds and debt securities, as well as real property and infrastructure. At the end of 214 the value of the insurance industry s investment assets was SEK 3,878 billion. Of this, life insurance companies accounted for 86 per cent. Insurance companies investment assets SEK billion Non-life insurance Life insurance GDP Life insurance companies manage pension capital on behalf of their customers. They therefore have a long investment horizon that corresponds to these commitments. The value of life insurance companies investment assets was SEK 3,348 billion at the close of % Life insurance companies investment assets 214 1% 2% 13% 6% 2% 21% 12% 1% Obligationer utgivna av svenska låntagare Bonds issued by Swedish borrowers* Obligationer utgivna av utländska låntagare Bonds issued by foreign borrowers Svenska aktier Swedish shares Utländska aktier Foreign shares Investeringsfonder Investment funds Land Byggnader & building och mark Derivatives Other Övriga financial finansiella investments placeringar Short Korta term placeringar investments *Of which 31 % is issued by central and local government, 6 % by banks and mortage institutions and 9 % by other borrowers. 12 INSURANCE IN SWEDEN 214
13 Non-life insurance companies manage premiums paid in to enable them to meet future claims payments. They therefore have a shorter investment horizon. Nonlife insurance companies mainly invest in bonds issued by Swedish borrowers. The value of non-life insurance companies investment assets was SEK 53 billion at the end of 214. Non-life insurance companies investment assets 214 7% 34% Obligationer utgivna av svenska låntagare 9% Bonds issued by Swedish borrowers* Obligationer utgivna av utländska låntagare Bonds issued by foreign borrowers Svenska aktier 3% Swedish shares Utländska aktier Foreign shares 8% Investment Investeringsfonder funds Land & Byggnader building och mark Other financial Övriga finansiella investmentsplaceringar 9% Short term Korta investments placeringar 18% 12% *Of which 43 % is issued by central and local government, 46 % by banks and mortage institutions and 11 % by other borrowers. Insurance companies are major investors. The investment assets amounted to 99 per cent of GDP in 214. INSURANCE IN SWEDEN
14
15 Print: TMG STHLM April 215 Photo: Johnér Bildbyrå Layout: Jonas Ahlgren Design
16 Insurance Sweden PO Box 2443, SE-14 5 Stockholm Tel
Insurance in Sweden 2011
Insurance in Sweden 211 Security for the individual growth for the economy We are all exposed to risk. It might be the risk of being in a traffic accident or of a fire in your home. It could be theft
More informationInsurance in Sweden 2012
Insurance in Sweden 212 Security for the individual growth for the economy We are all exposed to risk. It might be the risk of being in a traffic accident or of a fire in your home. It could be theft or
More informationInsurance in Sweden 2010
Insurance in Sweden 21 Security for the individual growth for the economy We are all exposed to risk. It might be the risk of being in a traffic accident or of a fire in your home. It could be theft or
More informationInsurance Services in Sweden April 2015
WWW.VINGE.SE APRIL 2015 SERVICES IN SWEDEN Insurance Services in Sweden April 2015 Already at the beginning of the new millennium, a new business structure, housing banking and insurance operations within
More informationSWEDISH INSURANCE FEDERATION ANNUAL REPORT 2008
SWEDISH INSURANCE FEDERATION ANNUAL REPORT 2008 CONTENTS ANNUAL REPORT 1 The year in brief 2 Managing Director s statement: We want to contribute to a constructive dialogue 4 Insurance for a well-ordered
More informationFinansinspektionen s Regulatory Code
Finansinspektionen s Regulatory Code Publisher: Finansinspektionen, Sweden, www.fi.se ISSN 1102-7460 This document is furnished for informational purposes only and is not itself a legal document. Finansinspektionen
More informationAlecta OLA 107 c 287 777 22. Skandiakoncernen Skandia Liv TLA 89 229 236 17 Skandia Link ULA 38 529 3
LIFE ASSURANCE COMPANIES The marked global stock market fall in recent years has drawn attention to life assurance companies and the diminishing value of their portfolios. It has been asked how pensions
More informationKey Facts Insurance in the Netherlands. september 2013
Key Facts Insurance in the Netherlands september 2013 In 2012, Dutch insurance companies: paid out an average of 19 million euros to private individuals and companies on a daily basis, had a premium turnover
More informationCapital market day Stockholm, Sweden November 30, 2001. FöreningsSparbanken. Anders Ek Group EVP, Head of business area Savings, CEO of Robur
Capital market day Stockholm, Sweden November 30, 2001 FöreningsSparbanken Anders Ek Group EVP, Head of business area Savings, CEO of Robur A leading provider of savings solutions 3 2001 a difficult year
More informationWork-related insurance
Work-related insurance All persons living and working in Sweden are insured. Sweden has a statutory social insurance scheme. 90 percent of all employees in Sweden are also covered by collectively agreed
More informationKEY FACTS 2015. UK Insurance & Long Term Savings. Key Facts 2015. Follow us on Twitter @BritishInsurers
KEY FACTS 2015 UK Insurance & Long Term Savings Key Facts 2015 @BritishInsurers Follow us on Twitter @BritishInsurers ASSOCIATION OF BRITISH INSURERS The UK insurance and long term savings industry is
More informationStatutory and collective insurance schemes for the Swedish labour market 2014
Statutory and collective insurance schemes for the Swedish labour market 2014 Statutory and collective insurance schemes for the Swedish labour market 2014 Svenskt Näringsliv Försäkringsinformation AB
More informationJanuary March 2015 1:4 2:4 3:4 4:4. Folksam
January 1:4 2:4 3:4 4:4 Folksam 1 Prepared for the future Folksam continue to build up its economic strength over the first three months of the year. This is particularly important at the moment as we
More informationThe right insurance cover
The right insurance cover for you as a member of ST The Union of Civil Servants In cooperation with Page 2 Insurance for the whole family At member price As a member of ST, you can take out insurance that
More informationINSURANCE MARKET DEVELOPMENT
INSURANCE MARKET DEVELOPMENT GENERAL INFORMATION Market participants At end-2009, there were 14 insurance companies operating in Latvia whereof four companies were engaged in life insurance and 10 companies
More informationdefined contribution occupational pension, itp 1 Your occupational pension with Alecta
defined contribution occupational pension, itp 1 Your occupational pension with Alecta The information in this brochure is intended for people who have a defined contribution occupational pension plan
More informationSelf-Employed Persons Voluntary Accident Insurance
PRODUCT DESCRIPTION Valid as of January 1, 2008 Self-Employed Persons Voluntary Accident Insurance Low-Cost Cover for Self-Employed Persons in Case of Accidents Self-employed persons are dependent on the
More informationInsurance sector consolidated report profit and loss statement (2008-2009)
21. INSURANCE AND REINSURANCE The Ministry of Economy and Trade is the source of insurance statistics which deal with insurance companies, with the sector consolidated progress, balance sheet and profit
More informationBanks in Sweden Phone: +46 (0)8 453 44 00 E-mail: info@swedishbankers.se www.swedishbankers.se
Contents The Swedish financial market... 4 Structure of the banking industry... 5 Banks function... 6 The major banking groups... 7... 8 Other credit market companies... 9 Household loans...10 Household
More informationStatutory and collective insurance schemes for the Swedish labour market 2016
Statutory and collective insurance schemes for the Swedish labour market 2016 Statutory and collective insurance schemes for the Swedish labour market, 2016 Svenskt Näringsliv Försäkringsinformation AB
More informationBank- and finance statistics 2011
Bank- and finance statistics 2011 Published in September 2012 2012-09-07 Regeringsgatan 38, Box 7603 SE-103 94 Stockholm t: +46 (0)8 453 44 00 info@swedishbankers.se www.swedishbankers.se Contakt person:
More informationUK INSURANCE KEY FACTS 2014. UK Insurance KEY FACTS. Follow us on Twitter @BritishInsurers
UK INSURANCE KEY FACTS 2014 UK Insurance KEY FACTS 2014 3 @BritishInsurers Follow us on Twitter @BritishInsurers ASSOCIATION OF BRITISH INSURERS About the ABI The Association of British Insurers is the
More informationWelcome to Fora! Your partner in collective insurances
Welcome to Fora! Your partner in collective insurances www.fora.se This is about the company s Collective insurances are part of the Swedish social security system and are based on collective agreements
More informationFacts and Figures 2015. The private insurance industry
Facts and Figures 2015 The private insurance industry 2 Impressum Published by Swiss Insurance Association SIA Conrad-Ferdinand-Meyer-Strasse 14 P. O. Box CH-8022 Zurich Tel. +41 44 208 28 28 Fax +41 44
More informationBank- and finance statistics 2013
Bank- and finance statistics 2013 Published in Juni 2014 2014-06-23 Regeringsgatan 38, Box 7603 SE-103 94 Stockholm t: +46 (0)8 453 44 00 info@swedishbankers.se www.swedishbankers.se Contakt person: Christian
More informationWorking as a government employee in Sweden benefits and terms
Working as a government employee in Sweden benefits and terms ÄÄÅÅ of employment In the service of citizens Pay Working hours Holiday Work leave Pay and other benefits during sick leave Work environment
More informationBank- and finance statistics 2014
Bank- and finance statistics 2014 Published in May 2015 2015-06-03 Blasieholmsgatan 4B, Box 7603 SE-103 94 Stockholm t: +46 (0)8 453 44 00 info@swedishbankers.se www.swedishbankers.se Contakt person: Christian
More informationInsurance for SULF members
Insurance for SULF members valid from 1 January 2014 Take out insurance at Fast help when you need it most Life is unpredictable. If anything should happen to you, you may need a financial safety net.
More informationInsurance Activities 2012
Financing and incurance 2013 Insurance Activities The value of insurance companies' investments stood at EUR 108.5 billion at the end of The largest investment activity items in insurance activities are
More informationSavings and life insurance in Finland
Savings and life insurance in Finland Federation of Finnish Financial Services CONTENTS Life market... 1 Premium volumes hold steady... 2 Life insurance assets post steady growth... 2 Insurance as a savings
More informationXVIII WORLD CONGRESS OF LABOUR AND SECURITY LAW
XVIII WORLD CONGRESS OF LABOUR AND SECURITY LAW Paris, September 5 th to 8 th 2006 TOPIC 3 OCCUPATION RISKS : SOCIAL PROTECTION AND EMPLOYERS LIABILITY SWEDEN Lill Dahlberg Legal counsel The Swedish LO-TCO
More informationInterim Report January September 2015
Interim Report January tember Q1 Q2 Q3 Q4 Folksam 1 Satisfied customers and a high rate of change We have seen a continuation of the high rate of change in the past quarter, along with goal-oriented efforts
More informationBANK AND FINANCE STATISTICS 2004
BANK AND FINANCE STATISTICS 004 Published in May 005 Swedish Bankers Association publish annually statistics of the Swedish banking and financial market. The statistics presents the most important companies
More informationChapter 10. Chapter 10 Learning Objectives. Insurance and Risk Management: An Introduction. Property and Motor Vehicle Insurance
Chapter 10 Property and Motor Vehicle Insurance McGraw-Hill/Irwin Copyright 2012 by The McGraw-Hill Companies, Inc. All rights reserved. 10-1 Chapter 10 Learning Objectives 1. Develop a risk management
More informationInsurance Activities 2014
Financing and incurance 2015 Insurance Activities The value of insurance companies' investments stood at EUR 116.2 billion at the end of The balance sheet value of investment activities amounted to EUR
More informationMaster s Thesis in Finance Stockholm School of Economics. Capital Insurances. Jonatan Falk 19473
Master s Thesis in Finance Stockholm School of Economics Capital Insurances Jonatan Falk 19473 Abstract Most people strive to get as high return as possible on their investments and individuals wants to
More informationSEK M Q4 02 Q3 02 Q2 02 Q1 02 Q4 01 Q3 01 Sales volume insurance (weighted*) Total 5,741 4,517 5,393 8,254 6,802 6,032
Appendix 1 SEB Trygg Liv SEB Trygg Liv represents the SEB Group s life insurance business according to a bank-assurance concept, i.e. an integrated banking and insurance business. The purpose of the concept
More informationThe Danish Insurance Association Gross claims of Danish companies by class of insurance, domestic and international business, 2013
of Danish companies by class of insurance, domestic and international business, 2013 Of which foreign business Industrial injuries insurance 3.068 1.797 603 73 Buildings insurance 5.295 5.059 1.319 543
More informationFINNISH INSURANCE IN 2012 PUBLICATIONS AND RESEARCH 2013 30 APRIL 2013
FINNISH INSURANCE IN 2012 PUBLICATIONS AND RESEARCH 2013 30 APRIL 2013 FINNISH INSURANCE IN 2012 1 FINNISH INSURANCE IN 2012 2 FINNISH INSURANCE IN 2012 CONTENTS Highlights 4 Market developments 5 Corporate
More informationKey statistics Non-life insurance 2015
Key statistics Non-life insurance 215 About non-life insurance Unlike life insurance, non-life insurance is usually limited to annual policies. These normally renew automatically at the end of each year
More informationAnnex 7. Fact Sheet Estonia
Annex 7. Fact Sheet Estonia 1. Generalities: Some history of the agricultural risk and crisis management policies, programs and tools. Population: 1, 36 million inhabitants GDP 2004 9,4 billion Euro; Inflation
More informationInsured through your work
Insured through your work The information is applicable to staff employed by municipalities, county councils, regions, the Church of Sweden, etc. English/Engelska 2009 You are insured through your employment!
More informationInsurance. Insurance This is protection against something that might happen eg: a road accident, a fire, theft.
Insurance This is protection against something that might happen eg: a road accident, a fire, theft. Insurance is needed to reduce the financial risk when a household is faced with problems caused by damage
More informationQ2 2003 Sales volume insurance (weighted*) Total 7,298 6,261 5,741 4,517 5,393 8,254 Q1 2003 Q4 2002 Q1 2002 Q3 2002
Appendix 1 SEB Trygg Liv SEB Trygg Liv represents the SEB Group s life insurance business according to a bank-assurance concept, i.e. an integrated banking and insurance business. The purpose of the concept
More informationInsurance LESSON 18. How Do I Purchase Insurance?
Insurance LESSON 18 In life, bad things happen. Unpleasant as it may seem, something life threatening or fi nancially devastating could happen to you right now. Someone could steal your MP3 player or your
More informationThe World's Ten Most Commonly Overlooked Mortgage Tester Report by FI
7 March 213 7 March 213 Ref. 13-2825 Contents Summary 3 Background 4 Description of the survey 4 Borrower analysis 7 Loan-to-value ratios 7 Amortisation schedules and unamortised loans 9 Debt ratio and
More informationCROATIAN FINANCIAL SERVICES SUPERVISORY AGENCY
CROATIAN FINANCIAL SERVICES SUPERVISORY AGENCY Pursuant to the provisions of Article 3 paragraph 5 of the Insurance Act (Official Gazette 151/05, Official Gazette 87/08 and Official Gazette 82/09), the
More informationInsurance Guide for Expats in Germany Insurance guide for Germany what you really need! The following pages will give you a good overview of what insurances are available in Germany and what is absolutely
More informationFINNISH INSURANCE IN 2014 PUBLICATIONS AND SURVEYS 2015 27 APRIL 2015
FINNISH INSURANCE IN 2014 PUBLICATIONS AND SURVEYS 2015 27 APRIL 2015 FINNISH INSURANCE IN 2014 1 FINNISH INSURANCE IN 2014 2 FINNISH INSURANCE IN 2014 CONTENTS Highlights 4 Insurance market developments
More informationDEFINED CONTRIBUTION OCCUPATIONAL PENSION, ITP 1 Your occupational pension with Alecta
DEFINED CONTRIBUTION OCCUPATIONAL PENSION, ITP 1 Your occupational pension with Alecta The information in this brochure is intended for people who have a defined contribution occupational pension plan
More informationSEK M Q2 02 Q1 02 Q4 01 Q3 01 Q2 01 Q1 01 Sales volume insurance (weighted*) Total 5,393 8,254 6,802 6,032 7,535 8,276
Appendix 1 SEB Trygg Liv SEB Trygg Liv represents the SEB Group s life insurance business according to a bank-assurance concept, i.e. an integrated banking and insurance business. The purpose of the concept
More informationYour occupational pension plan with Alecta
defined benefit occupational pension, itp 2 Your occupational pension plan with Alecta The information in this brochure is intended for people who have a defined benefit occupational pension with Alecta.
More informationCEIOPS-DOC-22/09. (former CP27) October 2009. CEIOPS e.v. Westhafenplatz 1-60327 Frankfurt Germany Tel. + 49 69-951119-20
CEIOPS-DOC-22/09 CEIOPS Advice for Level 2 Implementing Measures on Solvency II: Technical Provisions - Lines of business on the basis of which (re)insurance obligations are to be segmented (former CP27)
More informationD1.03: MORTGAGE REPAYMENT OVERVIEW
D1.03: MORTGAGE REPAYMENT OVERVIEW SYLLABUS Repayment mortgages Repayment profile Interest only mortgages Full and low cost endowment mortgages Unit-linked endowment mortgages ISA mortgages Pension mortgages
More informationare stepping into the future A summary of the past year
Annual Review 2012 Contents This is Folksam 5 CEO letter: The customers' companies are stepping into the future In 2012, Folksam consolidated its position as a stable player in insurance and investment.
More informationunidentified motor vehicle, by the Association of Traffic Insurance Companies.
SWEDEN - The activities of the Road Traffic Injuries Commission (Trafikskadenämnden) in Sweden in determining compensation for personal injuries resulting from the use of motor vehicles The Road Traffic
More informationInformation. Canada s Life and Health Insurers. Canada s Financial Services Sector. Overview
Information Canada s Life and Health Insurers Canada s Financial Services Sector September 2002 Overview Canada s life and health insurance industry comprises 120 firms, down from 163 companies in 1990,
More informationannexes InSurance Sector Insurance sector results by business category Annex 1 Life and capital redemption insurance 53
InSurance Sector annexes Insurance sector results by business category Annex 1 Life and capital redemption insurance 53 Annex 2 Euro or foreign currency individual and group insurance contracts 54 Annex
More informationNon-life insurance* Estonian Financial Supervision Authority, 21 March 2005. (thousand kroons) January 2005. Seesam Kindlustus. If Eesti Kindlustus
Estonian Financial Supervision Authority, 21 March 2005 Non-life * (thousand kroons) January 2005 ETIF** Motor TPL PR 22 943 32 705 5 618 5 592 12 889 3 945 143 83 835 incl membership fee to ETIF PR 644
More informationIncreasing market share in a receding market
Interim report for the first quarter of the financial year 2008/2009 Increasing market share in a receding market First quarter (September November 2008) KappAhl s net sales (excluding VAT) for the period
More informationVulnerabilities in the modern payment system
SPEECH DATE: 18 October 2006 SPEAKER: LOCALITY: First Deputy Governor Eva Srejber Swedish Risk Management Conference, Eskilstuna SVERIGES RIKSBANK SE-103 37 Stockholm (Brunkebergstorg 11) Tel +46 8 787
More informationAssociation of British Insurers UK Insurance Key Facts. UK Insurance KEY FACTS
September 2013 Association of British Insurers UK Insurance Key Facts UK Insurance KEY FACTS 2013 abi.org.uk @BritishInsurers 3 Association of British Insurers UK Insurance Key Facts September 2013 About
More informationGEORGIA PERFORMANCE STANDARDS Personal Finance Domain
GEORGIA PERFORMANCE STANDARDS Personal Finance Domain Page 1 of 8 GEORGIA PERFORMANCE STANDARDS Personal Finance Concepts SSEPF1 The student will apply rational decision making to personal spending and
More informationCover for extraordinary events in Spain and applicable charges
market bulletin From Julian James Date 20 December 2005 Reference Subject Subject areas Attachments Action points Deadlines Y3709 Spain: Consorcio Charges Cover for extraordinary events in Spain and applicable
More informationIndependent consumer guide to life insurance
Independent consumer guide to life insurance Who we are and what we do The Irish Financial Services Regulatory Authority was established in May 2003 to regulate financial services firms in Ireland. Our
More informationBANK AND FINANCE STATISTICS 2003
BANK AND FINANCE STATISTICS 00 Published in May 004 Swedish Bankers Association publish annually statistics of the Swedish banking and financial market. The statistics presents the most important companies
More informationKey statistics. (Data to 31 December 2014) for skadeforsikring 2014
Key statistics Life Statistikk insurance og nøkkeltall and pensions 215 (Data to 31 December 214) for skadeforsikring 214 All data in this report are based on statistics submitted to Finance Norway by
More informationALTERNATE STRUCTURE FOR DIVISION 71
ALTERNATE STRUCTURE FOR DIVISION 71 Division 71 of the Central Product Classification (CPC), Ver.1.1 covers financial services. The structure presented in Part III of this publication has been considered
More informationITALIAN INSURANCE IN FIGURES. Year 2015
ITALIAN INSURANCE IN FIGURES Year 2015 The Italian insurance industry gives a significant contribution to the economy and to the society, offering a wide range of services aiming at risk protection: from
More informationLIFE INSURANCE. and INVESTMENT
INVESTMENT SAVINGS & INSURANCE ASSOCIATION OF NZ INC GLOSSARY OF LIFE INSURANCE and INVESTMENT TERMS 2 Accident Benefit A benefit payable should death occur as the result of an accident. It may be a stand-alone
More informationBank- and finance statistics 2015
Bank- and finance statistics 2015 Published in Jun 2016 2016-06-28 Blasieholmsgatan 4B, Box 7603 SE-103 94 Stockholm t: +46 (0)8 453 44 00 info@swedishbankers.se www.swedishbankers.se Contakt person: Christian
More informationBusniess Package - Retail & Trading Insurance
Busniess Package - Retail & Trading Insurance www.tawuniya.com.sa 03 04 04 05 05 05 10 10 10 Why Tawuniya? Business Package Retail & Trading Insurance Package Benefits & Advantages Beneficiaries Products
More informationAnnuities in Sweden: Risksharing. Provider. Edward Palmer Uppsala University & Swedish Social Insurance Agency
Annuities in Sweden: Risksharing with a Monopoly Provider Edward Palmer Uppsala University & Swedish Social Insurance Agency Overview of the Presentation Pension Landscape in Sweden The Public FDC Scheme
More informationStockholm Monthly Fixed Income Report
Stockholm Monthly Fixed Income Report March 211 Contents Sthlm FI Market Overview of the Stockholm fixed income market Retail Bonds Retail Bonds Total Structured Products Retail Bonds Yield Retail Bonds
More informationInsurance and estate planning. A Financial Planning Technical Guide
Insurance and estate planning A Financial Planning Technical Guide 2 Insurance and estate planning Introduction 4 General insurance 4 Private health insurance 4 Personal insurance 5 Business insurance
More informationSwedish Social Insurance. Financial Review 2000
Swedish Social Insurance Financial Review 2000 CONTENTS Survey of activities... 3 Costs and financing of social insurance... 4 Costs of social insurance... 4 Expenditure in current and fixed prices...
More informationUnderstanding Insurance
Understanding Insurance Preparation Date: 26 November 2007 How to read this document Managing your finances to meet your day to day requirements as well as your long-term goals can be a complex task. There
More information52 ARTICLE The relationship between the repo rate and interest rates for households and companies
ARTICLE The relationship between the repo rate and interest rates for households and companies Figure A. Rates for new mortgage agreements for households and the repo rate 8 9 Average mortgage rate Short
More informationOccupational pensions. Pre-purchase information
Occupational pensions Pre-purchase information Skandia's occupational pensions pro ramme This brochure provides a general description of the various forms of insurance in Skandia's occupational pensions
More informationCIG PANNONIA LIFE INSURANCE PLC.
CIG PANNONIA LIFE INSURANCE PLC. QUARTERLY PROSPECTUS II. QUARTER 2011. 25 August 2011. 1. Summary CIG Pannonia Life Insurance Plc. (hereinafter: Issuer) publishes its quarterly prospectus today. The purpose
More informationPROTECTION & PROSPERITY THE PROPERTY AND CAUSALTY INSURANCE INDUSTRY S IMPACT ON WISCONSIN
PROTECTION & PROSPERITY THE PROPERTY AND CAUSALTY INSURANCE INDUSTRY S IMPACT ON WISCONSIN EXECUTIVE SUMMARY In November 2012, the Wisconsin Insurance Alliance asked the Wisconsin Taxpayers Alliance (WISTAX)
More informationHOUSE DOCKET, NO. 2366 FILED ON: 1/20/2011. HOUSE... No. 2035. The Commonwealth of Massachusetts PRESENTED BY: Garrett J. Bradley
HOUSE DOCKET, NO. 2366 FILED ON: 1/20/2011 HOUSE............... No. 2035 The Commonwealth of Massachusetts PRESENTED BY: Garrett J. Bradley To the Honorable Senate and House of Representatives of the Commonwealth
More informationOECD INSURANCE STATISTICS
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT ORGANISATION DE COOPÉRATION ET DE DÉVELOPPEMENT ÉCONOMIQUES DIRECTION DES AFFAIRES FINANCIÈRES ET DES ENTREPRISES DIRECTORATE FOR FINANCIAL AND ENTERPRISE
More informationInsurance Tax Act 1. Section 1 Tax basis
Insurance Tax Act 1 Date of signature: 8 April 1922 Full citation: Insurance Tax Act as published on 10 January 1996 (Federal Law Gazette I, p. 22), most recently amended by Article 1 of the Act of 5 December
More informationInterim report January June 2011. for. Folksam ömsesidig livförsäkring
Interim report January June 2011 for Folksam ömsesidig livförsäkring Corporate identity number 502006-1585 The Board and CEO of (Folksam Life) hereby submit the interim report for the period 1 January
More informationI. Introduction. II. Financial Markets (Direct Finance) A. How the Financial Market Works. B. The Debt Market (Bond Market)
University of California, Merced EC 121-Money and Banking Chapter 2 Lecture otes Professor Jason Lee I. Introduction In economics, investment is defined as an increase in the capital stock. This is important
More informationLEGAL EXPENSES INSURANCE (LEI) REPORT EUROPEAN MARKET OVERVIEW, GERMANY, THE UK AND BULGARIA
LEGAL EXPENSES INSURANCE (LEI) REPORT EUROPEAN MARKET OVERVIEW, GERMANY, THE UK AND BULGARIA SEPTEMBER 2013 1 The report aims to provide an overview of the non-life insurance market in Europe with a focus
More informationtax and other important information for Malta
tax and other important information for Malta For Malta based Trustees only This document provides the policyholder with important information before investing in the European Executive Investment Bond,
More informationThe interaction between public and occupational sickness insurance Institutional development over 30 years
ISF Report 2015:6 The interaction between public and occupational sickness insurance Institutional development over 30 years Swedish Social Insurance Inspectorate www.inspsf.se Stockholm 2015 Inspektionen
More informationDefinitions: Insurance premium compensate insurance policy insurance broker
1) Definitions: Insurance is an arrangement in which an insurance company compensates a person or a company for a specified loss caused by e.g. an accident, fire, injury, illness or death in return for
More informationINSURANCE BASICS101 TM %*'9 [[[ EPXEREJGY SVK
INSURANCE BASICS101 TM This book is intended as a general guide to the topics discussed, and it does not deliver accounting, personal finance, or legal advice. It is not intended, and should not be used,
More informationBank- and finance statistics 2007. Published in juni 2008
Bank- and finance statistics 007 Published in juni 008 CONTENTS Table Basic facts about Swedish banking market Commercial banks The banking market in Sweden The major Swed ish banking grou ps Savings banks
More informationItaly. Italy General Insurance. International Comparison of Insurance Taxation* May 2009. *connectedthinking. Definition Accounting Taxation
Italy International Comparison of Insurance * May 2009 Italy General Insurance Definition Definition of property and casualty insurance company There is not a specific definition of property and casualty
More informationAllianz Austria. Allianz Group in Austria. A great variety! Insurance and pension solutions for expatriates. Hoffentlich Allianz.
Allianz Group in Austria A great variety! Insurance and pension solutions for expatriates. Hoffentlich Allianz. 2 Welcome to Austria! We provide you with an extensive range of insurance solutions specifically
More informationNON-INSURANCE IN THE SMALL TO MEDIUM SIZED ENTERPRISE SECTOR
NON-INSURANCE IN THE SMALL TO MEDIUM SIZED ENTERPRISE SECTOR DECEMBER 2008 0 KEY FINDINGS 26% of all small to medium sized enterprises (SMEs) do not have any form of general. Sole traders have the highest
More informationHow To Buy Employee Benefits In Indonesia
Brochure More information from http://www.researchandmarkets.com/reports/3100672/ Employee Benefits in Indonesia Description: The Indonesian social security system comprises the provident fund system and
More informationThe Swedish Mortgage Market 2014 10 APRIL 2014
The Swedish Mortgage Market 214 1 APRIL 214 1 april 214 Ref. 13-7755 Table of Contents SUMMARY 3 BACKGROUND 4 Description of the survey 4 SWEDISH MORTGAGE HOLDERS 7 Unsecured loans 8 Households with loan-to-value
More informationABC OF CAPITAL GAINS TAX FOR INDIVIDUALS
SOUTH AFICAN EVENUE SEVICE ABC OF CAPITAL GAINS TAX FO INDIVIDUALS Another helpful guide brought to you by the South African evenue Service ABC OF CAPITAL GAINS TAX FO INDIVIDUALS Foreword This guide provides
More informationInsurance. for your small. business
Insurance for your small business @BritishInsurers As an employer, you are legally required to have Employers Liability Insurance. If you use motor vehicles for your business, you are legally required
More informationUtvärderingsavdelningen. 08-786 92 24 kent-rune.sjoholm@forsakringskassan.se. E-mail: forlag@forsakringskassan.se Internet: www.forsakringskassan.
The Scope and Financing of Social Insurance in Sweden 2005 2008 Published by Information Order Försäkringsdivisionen Utvärderingsavdelningen Kent-Rune Sjöholm 08-786 92 24 kent-rune.sjoholm@forsakringskassan.se
More information