The Insurance Industry in Finland, Key Trends and Opportunities to 2016


#156011

280pages

Timetric

$ 1950

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Synopsis

The report provides in-depth industry analysis, information and insights of the insurance industry in Finland, including:

  • Benchmarking analysis of the insurance industry in the Nordic region
  • The Finnish insurance industrys growth prospects by insurance segments and sub-segments 
  • The competitive landscape in the Finnish insurance industry
  • The current trends and drivers of the Finnish insurance industry
  • The challenges facing the Finnish insurance industry
  • The regulatory framework of the Finnish insurance industry

Summary

The Finnish insurance industry is well developed and has one of the highest penetration rates among the European Union (EU) countries. The industry is fairly protected resulting in high concentration in the hands of domestic players. Since 2007, all types of commission payments are banned in the financial services industry by the Finnish Financial Supervisory Authority (Fin-FSA). A typical feature of Finnish insurance is that statutory insurance products such as employee pension, workers compensation and motor liability insurance generate a major share of gross written premiums. Uncertainty in the European region has affected the investment returns of the companies. A growing trend of consolidation has been witnessed in the industry in order to expand the product portfolio and create synergies in business. Over the forecast period, economic recovery and improvement in market conditions will have a positive effect on premium income.

Scope

This report provides a comprehensive analysis of the insurance industry in Finland:

  • It provides historical values for the Finnish insurance industry for the reports 20072011 review period and forecast figures for the 20112016 forecast period 
  • It offers a detailed analysis of the key segments and sub-segments in Finnish insurance industry, along with forecasts until 2016
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions 
  • It profiles the top insurance companies in Finland, and outlines the key regulations affecting them

Reasons To Buy

  • Make strategic business decisions using in-depth historic and forecast industry data related in the Finnish insurance industry and each segment within it
  • Understand the demand-side dynamics, key trends and growth opportunities within the Finnish insurance industry
  • Assess the competitive dynamics in the Finnish insurance industry
  • Identify the growth opportunities and market dynamics within key segments
  • Gain insights into key regulations governing the Finnish insurance industry and its impact on companies and the industry's future

Key Highlights

  • The Finnish insurance industry is well developed and has one of the highest penetration rates among the European Union (EU) countries.
  • The industry is fairly protected resulting in high concentration in the hands of domestic players.
  • Since 2007, all types of commission payments are banned in the financial services industry by the Finnish Financial Supervisory Authority (Fin-FSA).
  • A typical feature of Finnish insurance is that statutory insurance products such as employee pension, workers compensation and motor liability insurance generate a major share of gross written premiums.
  • Uncertainty in the European region has affected the investment returns of the companies.
  • A growing trend of consolidation has been witnessed in the industry in order to expand the product portfolio and create synergies in business.
  • Over the forecast period, economic recovery and improvement in market conditions will have a positive effect on premium income
Table of Content

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Nordic Region Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
3.2 Life Insurance
3.2.1 Scale and penetration
3.2.2 Growth
3.2.3 Efficiency and risk
3.2.4 Distribution channels
3.3 Non-Life Insurance
3.3.1 Scale and penetration
3.3.2 Growth
3.3.3 Efficiency and risk
3.3.4 Distribution channels
3.4 Personal Accident and Health Insurance
3.4.1 Scale and penetration
3.4.2 Growth
3.4.3 Efficiency and risk
3.4.4 Distribution channels

4 The Finnish Insurance Industry Overview
4.1 Insurance Industry
4.2 Key Industry Trends and Drivers
4.3 Challenges
4.4 Regulation

5 Life Insurance Segment
5.1 Life Insurance Growth Prospects by Categories
5.1.1 Individual life insurance category
5.1.2 Individual pension category
5.1.3 Individual endowment category
5.1.4 Individual unit-linked insurance sub-category
5.1.5 Group life insurance category
5.1.6 Group superannuation category
5.1.7 Group unit-linked insurance category
5.2 Life Insurance Growth Prospects by Customer Segments
5.2.1 Individual single premium category
5.2.2 Individual non-single premium category
5.2.3 Group single premium category
5.2.4 Group non-single premium category

6 Non-Life Insurance Segment
6.1 Non-Life Insurance Growth Prospects
6.1.1 Property insurance category
6.1.2 Fire and allied perils insurance sub-category
6.1.3 Engineering insurance sub-category
6.1.4 Agriculture insurance sub-category
6.1.5 Other property sub-category
6.1.6 Motor hull sub-category
6.1.7 Motor third party sub-category
6.2 General Third Party Category
6.3 Marine, Aviation and Transit Category

7 Personal Accident and Health Insurance Segment
7.1 Personal accident category
7.2 Travel insurance category
7.3 Health insurance category
7.4 Non-life health insurance sub-category

8 Reinsurance Segment
8.1 Reinsurance market size by type of insurance, 2007–2016

9 Analysis by Distribution Channel
9.1 Life Insurance Segment
9.1.1 Direct Marketing Channel
9.1.2 Bancassurance Channel
9.1.3 Agencies Channel
9.1.4 E-Commerce Channel
9.1.5 Brokers channel
9.1.6 Other Channels
9.2 Non-Life Insurance Segment
9.2.1 Direct Marketing Channel
9.2.2 Bancassurance Channel
9.2.3 Agencies channel
9.2.4 E-Commerce Channel
9.2.5 Brokers Channel
9.2.6 Other Channels
9.3 Personal Accident and Health Insurance Segment
9.3.1 Direct Marketing Channel
9.3.2 Bancassurance Channel
9.3.3 Agencies Channel
9.3.4 E-Commerce Channel
9.3.5 Brokers Channel
9.3.6 Other Channels

10 Competitive Landscape
10.1 Overview
10.2 Leading Companies – Life
10.2.1 Nordea Life Assurance Finland Limited – company overview
10.2.2 Mandatum Life – company overview
10.2.3 Aktia Life Insurance Limited – company overview
10.2.4 OP Pohjola Group– company overview
10.2.5 If P&C Insurance – company overview
10.2.6 The Tapiola Group – company overview
10.2.7 The Fennia Group – company overview
10.2.8 The Local Insurance Group – company overview
10.2.9 Pohjantähti Mutual Insurance Company – company overview
10.2.10 Turva Mutual Insurance Company– company overview

11 Macroeconomic Indicators
11.1 GDP at Constant Prices (US dollar)
11.2 GDP per Capita at Constant Prices (US dollar)
11.3 GDP at Current Prices (US dollar)
11.4 Construction Output (million units)
11.5 10.5 Inflation Rate
11.6 Arable Land
11.7 Exports as a Percentage of GDP
11.8 Number of Air Passengers
11.9 Healthcare Expenditure per Capita
11.1 Employed Population
11.11 Annual Disposable Income
11.12 Annual Disposable Income Per Capita
11.13 Total Population

12 Appendix
12.1 Methodology
12.2 Contact Us
12.3 About Timetric
12.4 Disclaimer

Table 1: Insurance Industry Definitions
Table 2: Finnish Insurance Overall Written Premium by Segment (EUR Billion), 20072011
Table 3: Finnish Insurance Overall Written Premium by Segment (US$ Billion), 20072011
Table 4: Finnish Insurance Overall Written Premium by Segment (EUR Billion), 20112016
Table 5: Finnish Insurance Overall Written Premium by Segment (US$ Billion), 20112016
Table 6: Finnish Insurance Segmentation (% Share), 20072016
Table 7: Finnish Life Insurance Written Premium by Category (EUR Billion), 20072011
Table 8: Finnish Life Insurance Written Premium by Category (US$ Billion), 20072011
Table 9: Finnish Life Insurance Written Premium by Category (EUR Billion), 20112016
Table 10: Finnish Life Insurance Written Premium by Category (US$ Billion), 20112016
Table 11: Finnish Life Insurance Earned Premium (EUR Billion), 20072011
Table 12: Finnish Life Insurance Earned Premium (EUR Billion), 20112016
Table 13: Finnish Life Insurance Paid Claims (EUR Billion), 20072011
Table 14: Finnish Life Insurance Paid Claims (EUR Billion), 20112016
Table 15: Finnish Life Insurance Incurred Loss (EUR Billion), 20072011
Table 16: Finnish Life Insurance Incurred Loss (EUR Billion), 20112016
Table 17: Finnish Life Insurance Loss Ratio (%), 20072011
Table 18: Finnish Life Insurance Loss Ratio (%), 20112016
Table 19: Finnish Life Insurance Commissions and Expenses (EUR Billion), 20072011
Table 20: Finnish Life Insurance Commissions and Expenses (EUR Billion), 20112016
Table 21: Finnish Life Insurance Combined Ratio (%), 20072011
Table 22: Finnish Life Insurance Combined Ratio (%), 20112016
Table 23: Finnish Life Insurance Total Assets (EUR Billion), 20072011
Table 24: Finnish Life Insurance Total Assets (EUR Billion), 20112016
Table 25: Finnish Life Insurance Total Investment Income (EUR Billion), 20072011
Table 26: Finnish Life Insurance Total Investment Income (EUR Billion), 20112016
Table 27: Finnish Life Insurance Retentions (EUR Billion), 20072011
Table 28: Finnish Life Insurance Retentions (EUR Billion), 20112016
Table 29: Finnish Individual Life Insurance Category Written Premium (EUR Billion), 20072011
Table 30: Finnish Individual Life Insurance Category Written Premium (EUR Billion), 20112016
Table 31: Finnish Individual Pension Category Written Premium (EUR Billion), 20072011
Table 32: Finnish Individual Pension Category Written Premium (EUR Billion), 20112016
Table 33: Finnish Individual Endowment Category Written Premium (EUR Billion), 20072011
Table 34: Finnish Individual Endowment Category Written Premium (EUR Billion), 20112016
Table 35: Finnish Individual Unit-linked Insurance Sub-Category Written Premium (EUR Billion), 20072011
Table 36: Finnish Individual Unit-linked Insurance Sub-Category Written Premium (EUR Billion), 20112016
Table 37: Finnish Group Life Insurance Category Written Premium (EUR Billion), 20072011
Table 38: Finnish Group Life Insurance Category Written Premium (EUR Billion), 20112016
Table 39: Finnish Group Superannuation Category Written Premium (EUR Billion), 20072011
Table 40: Finnish Group Superannuation Category Written Premium (EUR Billion), 20112016
Table 41: Finnish Group Unit-Linked Insurance Sub-Category Written Premium (EUR Billion), 20072011
Table 42: Finnish Group Unit-Linked Insurance Sub-Category Written Premium (EUR Billion), 20112016
Table 43: Finnish Individual Single Premium Category Written Premium (EUR Billion), 20072011
Table 44: Finnish Individual Single Premium Category Written Premium (EUR Billion), 20112016
Table 45: Finnish Individual Non-Single Premium Category Written Premium (EUR Billion), 20072011
Table 46: Finnish Individual Non-Single Premium Category Written Premium (EUR Billion), 20112016
Table 47: Finnish Group Single Premium Category Written Premium (EUR Billion), 20072011
Table 48: Finnish Group Single Premium Category Written Premium (EUR Billion), 20112016
Table 49: Finnish Group Non-Single Premium Category Written Premium (EUR Billion), 20072011
Table 50: Finnish Group Non-Single Premium Category Written Premium (EUR Billion), 20112016
Table 51:Finnish Non-Life Insurance Written Premium by Category (EUR Billion), 20072011
Table 52:Finnish Non-Life Insurance Written Premium by Category (US$ Billion), 20072011
Table 53: Finnish Non-Life Insurance Written Premium by Category (EUR Billion), 20112016
Table 54: Finnish Non-Life Insurance Written Premium by Category (US$ Billion), 20112016
Table 55:Finnish Non-Life Insurance Paid Claims by Category (EUR Billion), 20072011
Table 56:Finnish Non-Life Insurance Paid Claims by Category (US$ Billion), 20072011
Table 57:Finnish Non-Life Insurance Paid Claims by Category (EUR Billion), 20112016
Table 58:Finnish Non-Life Insurance Paid Claims by Category (US$ Billion), 20112016
Table 59: Finnish Non-Life Insurance Incurred Loss by Category (EUR Billion), 20072011
Table 60: Finnish Non-Life Insurance Incurred Loss by Category (US$ Billion), 20072011
Table 61:Finnish Non-Life Insurance Incurred Loss by Category (EUR Billion), 20112016
Table 62:Finnish Non-Life Insurance Incurred Loss by Category (US$ Billion), 20112016
Table 63: Finnish Non-Life Insurance Loss Ratio (%), 20072011
Table 64: Finnish Non-Life Insurance Loss Ratio (%), 20112016
Table 65: Finnish Non-Life Insurance Combined Ratio (%), 20072011
Table 66: Finnish Non-Life Insurance Combined Ratio (%), 20112016
Table 67: Finnish Non-Life Insurance Total Assets (EUR Billion), 20072011
Table 68: Finnish Non-Life Insurance Total Assets (EUR Billion), 20112016
Table 69:Finnish Non-Life Insurance Total Investment Income (EUR Billion), 20072011
Table 70: Finnish Non-Life Insurance Total Investment Income (EUR Billion), 20112016
Table 71: Finnish Non-Life Insurance Retentions (EUR Billion), 20072011
Table 72: Finnish Non-Life Insurance Retentions (EUR Billion), 20112016
Table 73:Finnish Property Insurance Written Premium by Sub-Category (EUR Billion), 20072011
Table 74:Finnish Property Insurance Written Premium by Sub-Category (US$ Billion), 20072011
Table 75:Finnish Property Insurance Written Premium by Sub-Category (EUR Billion), 20112016
Table 76:Finnish Property Insurance Written Premium by Sub-Category (US$ Billion), 20112016
Table 77: Finnish Fire and Allied Perils Insurance Sub-Category Written Premium (EUR Billion), 20072011
Table 78: Finnish Fire and Allied Perils Insurance Sub-Category Written Premium (EUR Billion), 20112016
Table 79: Finnish Engineering Insurance Sub-Category Written Premium (EUR Billion), 20072011
Table 80: Finnish Engineering Insurance Sub-Category Written Premium (EUR Billion), 20112016
Table 81:Finnish Agriculture Insurance Sub-Category Written Premium (EUR Billion), 20072011
Table 82: Finnish Agriculture Insurance Sub-Category Written Premium (EUR Billion), 20112016
Table 83:Finnish Other Property Insurance Sub-Category Written Premium (EUR Billion), 20072011
Table 84:Finnish Other Property Insurance Sub-Category Written Premium (EUR Billion), 20112016
Table 85:Finnish Motor Insurance Written Premium by Sub-Category (EUR Billion), 20072011
Table 86:Finnish Motor Insurance Written Premium by Sub-Category (US$ Billion), 20072011
Table 87:Finnish Motor Insurance Written Premium by Sub-Category (EUR Billion), 20112016
Table 88:Finnish Motor Insurance Written Premium by Sub-Category (US$ Billion), 20112016
Table 89: Finnish Motor Hull Insurance Sub-Category Written Premium (EUR Billion), 20072011
Table 90: Finnish Motor Hull Insurance Sub-Category Written Premium (EUR Billion), 20112016
Table 91:Finnish Motor Third Party Insurance Sub-Category Written Premium (EUR Billion), 20072011
Table 92: Finnish Motor Third Party Insurance Sub-Category Written Premium (EUR Billion), 20112016
Table 93: Finnish General Third-Party Insurance Category by Written Premium (EUR Billion), 20072011
Table 94: Finnish General Third-Party Insurance Category by Written Premium (EUR Billion), 20112016
Table 95: Finnish Marine, Aviation and Transit Insurance Written Premium by Sub-Category (EUR Billion), 20072011
Table 96: Finnish Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 20072011
Table 97: Finnish Marine, Aviation and Transit Insurance Written Premium by Sub-Category (EUR Billion), 20112016
Table 98: Finnish Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 20112016
Table 99: Finnish Personal Accident and Health Insurance Written Premium by Category (EUR Billion), 20072011
Table 100: Finnish Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 20072011
Table 101: Finnish Personal Accident and Health Insurance Written Premium by Category (EUR Billion), 20112016
Table 102: Finnish Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 20112016
Table 103: Finnish Personal Accident and Health Insurance Paid Claims by Category (EUR Billion), 20072011
Table 104: Finnish Personal Accident and Health Insurance Paid Claims by Category (US$ Billion), 20072011
Table 105: Finnish Personal Accident and Health Insurance Paid Claims by Category (EUR Billion), 20112016
Table 106: Finnish Personal Accident and Health Insurance Paid Claims by Category (US$ Billion), 20112016
Table 107: Finnish Personal Accident and Health Insurance Incurred Loss by Category (EUR Billion), 20072011
Table 108: Finnish Personal Accident and Health Insurance Incurred Loss by Category (US$ Billion), 20072011
Table 109: Finnish Personal Accident and Health Insurance Incurred Loss by Category (EUR Billion), 20112016
Table 110: Finnish Personal Accident and Health Insurance Incurred Loss by Category (US$ Billion), 20112016
Table 111: Finnish Personal Accident and Health Insurance Loss Ratio (%), 20072011
Table 112: Finnish Personal Accident and Health Insurance Loss Ratio (%), 20112016
Table 113: Finnish Personal Accident and Health Insurance Combined Ratio (%), 20072011
Table 114: Finnish Personal Accident and Health Insurance Combined Ratio (%), 20112016
Table 115: Finnish Personal Accident and Health Insurance Total Assets (EUR Billion), 20072011
Table 116: Finnish Personal Accident and Health Insurance Total Assets (EUR Billion), 20112016
Table 117: Finnish Personal Accident and Health Insurance Total Investment Income (EUR Billion), 20072011
Table 118: Finnish Personal Accident and Health Insurance Total Investment Income (EUR Billion), 20112016
Table 119: Finnish Personal Accident and Health Insurance Retentions (EUR Billion), 20072011
Table 120: Finnish Personal Accident and Health Insurance Retentions (EUR Billion), 20112016
Table 121: Finnish Personal Accident Insurance Category Written Premium (EUR Billion), 20072011
Table 122: Finnish Personal Accident Insurance Category Written Premium (EUR Billion), 20112016
Table 123: Finnish Travel Insurance Category Written Premium (EUR Billion), 20072011
Table 124: Finnish Travel Insurance Category Written Premium (EUR Billion), 20112016
Table 125: Finnish Health Insurance Written Premium Category (EUR Billion), 20072011
Table 126: Finnish Health Insurance Written Premium Category (US$ Billion), 20072011
Table 127: Finnish Health Insurance Written Premium by Category (EUR Billion), 20112016
Table 128: Finnish Health Insurance Written Premium by Category (US$ Billion), 20112016
Table 129: Finnish Non-Life Health Insurance Sub-Category Written Premium (EUR Billion), 20072011
Table 130: Finnish Non-Life Health Insurance Sub-Category Written Premium (EUR Billion), 20112016
Table 131: Finnish Reinsurance Market in Reinsurance by Category (EUR Billion), 20072011
Table 132: Finnish Reinsurance Market in Reinsurance by Category (US$ Billion), 20072011
Table 133: Finnish Reinsurance Market in Reinsurance by Category (EUR Billion), 20112016
Table 134: Finnish Reinsurance Market in Reinsurance by Category (US$ Billion), 20112016
Table 135: Finnish Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 20072011
Table 136: Finnish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 20072011
Table 137: Finnish Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 20112016
Table 138: Finnish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 20112016
Table 139: Finnish Life Insurance Percentage of Reinsurance Ceded (%), 20072011
Table 140: Finnish Life Insurance Percentage of Reinsurance Ceded (%), 20112016
Table 141: Finnish Non-Life Insurance Percentage of Reinsurance Ceded, 20072011
Table 142: Finnish Non-Life Insurance Percentage of Reinsurance Ceded, 20112016
Table 143: Personal Accident and Health Insurance Percentage of Reinsurance Ceded (%), 20072011
Table 144: Personal Accident and Health Insurance Percentage of Reinsurance Ceded (%), 20112016
Table 145: Finnish Life Insurance New Business Written Premium Through Direct Marketing (EUR Billion), 20072011
Table 146: Finnish Life Insurance New Business Written Premium Through Direct Marketing (EUR Billion), 20112016
Table 147: Finnish Life Insurance New Business Written Premium Through Bancassurance (EUR Billion), 20072011
Table 148: Finnish Life Insurance New Business Written Premium Through Bancassurance (EUR Billion), 20112016
Table 149: Finnish Life Insurance New Business Written Premium Through Agencies (EUR Billion), 20072011
Table 150: Finnish Life Insurance New Business Written Premium Through Agencies (EUR Billion), 20112016
Table 151: Finnish Life Insurance New Business Written Premium Through E-Commerce (EUR Billion), 20072011
Table 152: Finnish Life Insurance New Business Written Premium Through E-Commerce (EUR Billion), 20112016
Table 153: Finnish Life Insurance New Business Written Premium Through Brokers (EUR Billion), 20072011
Table 154: Finnish Life Insurance New Business Written Premium Through Brokers (EUR Billion), 20112016
Table 155: Finnish Life Insurance New Business Written Premium Through Other Channels (EUR Billion), 20072011
Table 156: Finnish Life Insurance New Business Written Premium Through Other Channels (EUR Billion), 20112016
Table 157:Finnish Non-Life Insurance Written Premium Through Direct Marketing (EUR Billion), 20072011
Table 158:Finnish Non-Life Insurance Written Premium Through Direct Marketing (EUR Billion), 20112016
Table 159:Finnish Non-Life Insurance Written Premium Through Bancassurance (EUR Billion), 20072011
Table 160:Finnish Non-Life Insurance Written Premium Through Bancassurance (EUR Billion), 20112016
Table 161: Finnish Non-Life Insurance Written Premium Through Agencies (EUR Billion), 20072011
Table 162: Finnish Non-Life Insurance Written Premium Through Agencies (EUR Billion), 20112016
Table 163: Finnish Non-Life Insurance Written Premium Through E-Commerce (EUR Billion), 20072011
Table 164: Finnish Non-Life Insurance Written Premium Through E-Commerce (EUR Billion), 20112016
Table 165:Finnish Non-Life Insurance Written Premium Through Brokers (EUR Billion), 20072011
Table 166: Finnish Non-Life Insurance Written Premium Through Brokers (EUR Billion), 20112016
Table 167:Finnish Non-Life Insurance Written Premium Through Other Channels (EUR Billion), 20072011
Table 168: Finnish Non-Life Insurance Written Premium Through Other Channels (EUR Billion), 20112016
Table 169: Finnish Personal Accident and Health Insurance Written Premium Through Direct Marketing (EUR Billion), 20072011
Table 170: Finnish Personal Accident and Health Insurance Written Premium Through Direct Marketing (EUR Billion), 20112016
Table 171: Finnish Personal Accident and Health Insurance Written Premium Through Bancassurance (EUR Billion), 20072011
Table 172: Finnish Personal Accident and Health Insurance Written Premium Through Bancassurance (EUR Billion), 20112016
Table 173: Finnish Personal Accident and Health Insurance Written Premium Through Agencies (EUR Billion), 20072011
Table 174: Finnish Personal Accident and Health Insurance Written Premium Through Agencies (EUR Billion), 20112016
Table 175: Finnish Personal Accident and Health Insurance Written Premium Through E-Commerce (EUR Billion), 20072011
Table 176: Finnish Personal Accident and Health Insurance Written Premium Through E-Commerce (EUR Billion), 20112016
Table 177: Finnish Personal Accident and Health Insurance Written Premium Through Brokers (EUR Billion), 20072011
Table 178: Finnish Personal Accident and Health Insurance Written Premium Through Brokers (EUR Billion), 20112016
Table 179: Finnish Personal Accident and Health Insurance Written Premium Through Other Channels (EUR Billion), 20072011
Table 180: Finnish Personal Accident and Health Insurance Written Premium Through Other Channels (EUR Billion), 20112016
Table 181: Finnish Life Insurance Market Share, 2011
Table 182: Finnish Non-life Insurance Market Share, 2011
Table 183: Nordea Life Assurance Finland Ltd, Main Products
Table 184: Nordea Life Assurance Finland Ltd, Key Employees
Table 185: Mandatum Life, Main Products
Table 186: Mandatum Life, Key Employees
Table 187: Aktia Life Insurance Ltd, Main Products
Table 188: Aktia Life Insurance Ltd, Key Employees
Table 189: OP Pohjola Group, Main Products
Table 190: OP Pohjola Group, Key Employees
Table 191: If P&C Insurance, Main Products
Table 192: If P&C Insurance, Key Employees
Table 193: The Tapiola Group, Main Products
Table 194: The Tapiola Group, Key Employees
Table 195: The Fennia, Main Products
Table 196: The Fennia Group, Key Employees
Table 197: The Local Insurance Group, Main Products
Table 198: The Local Insurance Group, Key Employees
Table 199: Pohjant
Figure 1: Nordic Region Snapshot of the Economy and Population, 2012
Figure 2: Nordic Region Growth Trends in the Insurance Industry (%), 20072016
Figure 3: Nordic Region Aging Population by Country, 2012 and 2017
Figure 4: Nordic Region Insurance Industry by Segment (US$ Billion), 2011
Figure 5: Nordic Life Insurance Gross Written Premium (US$ Billion), 2011
Figure 6: Nordic Life Insurance Premium Per Capita (US$), 2011
Figure 7: Nordic Life Insurance Penetration (% of GDP), 2011 and 2016
Figure 8: Nordic Life Insurance Gross Written Premium Growth (%), 20072016
Figure 9: Nordic Life Insurance Gross Written Premium per Capita (%), 20072016
Figure 10: Nordic Life Insurance Loss Ratio (%), 2011 and 2016
Figure 11: Nordic Life Insurance Combined Ratio (%), 2011 and 2016
Figure 12: Nordic Life Insurance Incurred Losses per Capita (US$), 2011 and 2016
Figure 13: Nordic Life Insurance Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 14: Nordic Life Insurance New Business Gross Written Premium for Direct Marketing (%), 20072016
Figure 15: Nordic Life Insurance Share of New Business Gross Written Premium for Bancassurance (%), 20072016
Figure 16: Nordic Life Insurance Share of New Business Gross Written Premium for Agencies (%), 20072016
Figure 17: Nordic Life insurance Share of New Business Gross Written Premium for Online Channels (%), 20072016
Figure 18: Nordic Non-Life Insurance Growth (%), 20072016
Figure 19: Nordic Non-Life Insurance Gross Written Premium (US$ Billion), 2011
Figure 20: Nordic Non-Life Insurance Premium per Capita (US$), 2011
Figure 21: Nordic Non-Life Insurance Penetration (% of GDP), 2011 and 2016
Figure 22: Nordic Non-Life Insurance Gross Written Premium Growth (%), 20072016
Figure 23: Nordic Non-Life Insurance Gross Written Premium per Capita Growth (%), 20072016
Figure 24: Nordic Non-Life Insurance Loss Ratio (%), 2011 and 2016
Figure 25: Nordic Non-Life Insurance Combined Ratio (%), 2011 and 2016
Figure 26: Nordic Non-Life Insurance Incurred Losses per Capita (US$), 2011 and 2016
Figure 27: Nordic Non-Life Insurance Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 28: Nordic Non-Life Insurance Share of New Business Gross Written Premium for Direct Marketing (%), 20072016
Figure 29: Nordic Non-Life Insurance Share of New Business Gross Written Premium for Bancassurance (%), 20072016
Figure 30: Nordic Non-Life Insurance Share of New Business Gross Written Premium for Agencies (%), 20072016
Figure 31: Nordic Non-Life Insurance Share of New Business Gross Written Premium for Brokers (%), 20072016
Figure 32: Nordic Non-Life Insurance Share of New Business Gross Written Premium for Online Channels (%), 20072016
Figure 33: Nordic Personal Accident and Health Insurance Growth (%), 20072016
Figure 34: Nordic Personal Accident and Health Insurance Gross Written Premium (US$ Billion), 2011
Figure 35: Nordic Personal Accident and Health Insurance Premium per Capita (US$), 2011
Figure 36: Nordic Personal Accident and Health Insurance Penetration (% of GDP), 2011 and 2016
Figure 37: Nordic Personal Accident and Health Insurance Gross Written Premium Growth (%), 20072016
Figure 38: Nordic Personal Accident and Health Insurance Gross Written Premium per Capita Growth (%), 20072016
Figure 39: Nordic Personal Accident and Health Insurance Loss Ratio (%), 2011 and 2016
Figure 40: Nordic Personal Accident and Health Insurance Combined Ratio (%), 2011 and 2016
Figure 41: Nordic Personal Accident and Health Insurance Incurred Losses per Capita (US$), 2011 and 2016
Figure 42: Nordic Personal Accident and Health Insurance Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 43: Nordic Personal Accident and Health Insurance Share of New Business Gross Written Premium for Direct Marketing (%), 20072016
Figure 44: Nordic Personal Accident and Health Insurance Share of New Business Gross Written Premium for Bancassurance (%), 20072016
Figure 45: Nordic Personal Accident and Health Insurance Share of New Business Gross Written Premium for Agencies (%), 20072016
Figure 46: Nordic Personal Accident and Health Insurance Share of New Business Gross Written Premium for Brokers (%), 20072016
Figure 47: Nordic Personal Accident and Health Insurance Share of New Business Gross Written Premium for Online Channels (%), 20072016
Figure 48: Finnish Insurance Overall Written Premium by Segment (EUR Billion), 20072016
Figure 49: Finnish Insurance Market Dynamics by Segment, 20072016
Figure 50: Finnish Life Insurance Written Premium by Category (EUR Billion), 20072016
Figure 51: Finnish Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 52: Finnish Life Insurance Market Dynamics by Category, 20072016
Figure 53: Finnish Life Insurance Earned Premium (EUR Billion), 20072011
Figure 54: Finnish Life Insurance Earned Premium (EUR Billion), 20112016
Figure 55: Finnish Life Insurance Paid Claims (EUR Billion), 20072011
Figure 56: Finnish Life Insurance Paid Claims (EUR Billion), 20112016
Figure 57: Finnish Life Insurance Incurred Loss (EUR Billion), 20072011
Figure 58: Finnish Life Insurance Incurred Loss (EUR Billion), 20112016
Figure 59: Finnish Life Insurance Loss Ratio (%), 20072011
Figure 60: Finnish Life Insurance Loss Ratio (%), 20112016
Figure 61: Finnish Life Insurance Commissions and Expenses (EUR Billion), 20072011
Figure 62: Finnish Life Insurance Commissions and Expenses (EUR Billion), 20112016
Figure 63: Finnish Life Insurance Combined Ratio (%), 20072011
Figure 64: Finnish Life Insurance Combined Ratio (%), 20112016
Figure 65: Finnish Life Insurance Total Assets (EUR Billion), 20072011
Figure 66: Finnish Life Insurance Total Assets (EUR Billion), 20112016
Figure 67: Finnish Life Insurance Total Investment Income (EUR Billion), 20072011
Figure 68: Finnish Life Insurance Total Investment Income (EUR Billion), 20112016
Figure 69: Finnish Life Insurance Retentions (EUR Billion), 20072011
Figure 70: Finnish Life Insurance Retentions (EUR Billion), 20112016
Figure 71: Finnish Life Insurance Investment Portfolio (EUR Billion), 20072011
Figure 72: Finnish Life Insurance Investment Portfolio, 2007 and 2011
Figure 73: Finnish Life Insurance Penetration (% of GDP), 20072011
Figure 74: Finnish Life Insurance Premium Per-capita (EUR), 20072011
Figure 75: Finnish Individual Life Insurance Category Written Premium (EUR Billion), 20072011
Figure 76: Finnish Individual Life Insurance Category Written Premium (EUR Billion), 20112016
Figure 77: Finnish Individual Insurance Category Written Premium (EUR Billion), 20072011
Figure 78: Finnish Individual Pension Category Written Premium (EUR Billion), 20112016
Figure 79: Finnish Individual Endowment Category Written Premium (EUR Billion), 20072011
Figure 80: Finnish Individual Endowment Category Written Premium (EUR Billion), 20112016
Figure 81: Finnish Individual Unit-linked Insurance Sub-Category Written Premium (EUR Billion), 20072011
Figure 82: Finnish Individual Unit-linked Insurance Sub-Category Written Premium (EUR Billion), 20112016
Figure 83: Finnish Group Life Insurance Category Written Premium (EUR Billion), 20072011
Figure 84: Finnish Group Life Insurance Category Written Premium (EUR Billion), 20112016
Figure 85: Finnish Group Superannuation Category Written Premium (EUR Billion), 20072011
Figure 86: Finnish Group Superannuation Category Written Premium (EUR Billion), 20112016
Figure 87: Finnish Group Unit-Linked Insurance Sub-Category Written Premium (EUR Billion), 20072011
Figure 88: Finnish Group Unit-Linked Insurance Sub-Category Written Premium (EUR Billion), 20112016
Figure 89: Finnish Individual Single Premium Category Written Premium (EUR Billion), 20072011
Figure 90: Finnish Individual Single Premium Category Written Premium (EUR Billion), 20112016
Figure 91: Finnish Individual Non-Single Premium Category Written Premium (EUR Billion), 20072011
Figure 92: Finnish Individual Non-Single Premium Category Written Premium (EUR Billion), 20112016
Figure 93: Finnish Group Single Premium Category Written Premium (EUR Billion), 20072011
Figure 94: Finnish Group Single Premium Category Written Premium (EUR Billion), 20112016
Figure 95: Finnish Group Non-Single Premium Category Written Premium (EUR Billion), 20072011
Figure 96: Finnish Group Non-Single Premium Category Written Premium (EUR Billion), 20112016
Figure 97: Finnish Non-Life Insurance Written Premium by Category (EUR Billion), 20072016
Figure 98: Finnish Non-Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 99:Finnish Non-Life Insurance Market Dynamics by Category, 20072016
Figure 100:Finnish Non-Life Insurance Paid Claims by Category (EUR Billion), 20072016
Figure 101: Finnish Non-Life Insurance Incurred Loss by Category (EUR Billion), 20072016
Figure 102: Finnish Non-Life Insurance Loss Ratio (%), 20072011
Figure 103: Finnish Non-Life Insurance Loss Ratio (%), 20112016
Figure 104: Finnish Non-Life Insurance Combined Ratio (%), 20072011
Figure 105: Finnish Non-Life Insurance Combined Ratio (%), 20112016
Figure 106: Finnish Non-Life Insurance Total Assets (EUR Billion), 20072011
Figure 107: Finnish Non-Life Insurance Total Assets (EUR Billion), 20112016
Figure 108:Finnish Non-Life Insurance Total Investment Income (EUR Billion), 20072011
Figure 109: Finnish Non-Life Insurance Total Investment Income (EUR Billion), 20112016
Figure 110: Finnish Non-Life Insurance Retentions (EUR Billion), 20072011
Figure 111: Finnish Non-Life Insurance Retentions (EUR Billion), 20112016
Figure 112: Finnish Non-Life Insurance Investment Portfolio (EUR Billion), 20072011
Figure 113: Finnish Non-Life Insurance Investment Portfolio (% Share), 2007 and 2011
Figure 114:Finnish Non-Life Insurance Penetration (% of GDP), 20072011
Figure 115: Finnish Non-Life Insurance Premium Per Capita (EUR), 20072011
Figure 116: Finnish Property Insurance Written Premium (EUR Billion) by Sub-Category, 20072016
Figure 117: Finnish Property Insurance Market Dynamics by Sub-Category, 20072016
Figure 118: Finnish Fire and Allied Perils Insurance Sub-Category Written Premium (EUR Billion), 20072011
Figure 119: Finnish Fire and Allied Perils Insurance Sub-Category Written Premium (EUR Billion), 20112016
Figure 120: Finnish Engineering Insurance Sub-Category Written Premium (EUR Billion), 20072011
Figure 121: Finnish Engineering Insurance Sub-Category Written Premium (EUR Billion), 20112016
Figure 122:Finnish Agriculture Insurance Sub-Category Written Premium (EUR Billion), 20072011
Figure 123: Finnish Agriculture Insurance Sub-Category Written Premium (EUR Billion), 20112016
Figure 124:Finnish Other Property Insurance Sub-Category Written Premium (EUR Billion), 20072011
Figure 125:Finnish Other Property Insurance Sub-Category Written Premium (EUR Billion), 20112016
Figure 126: Finnish Motor Insurance Written Premium and by Sub-Category (EUR Billion), 20072016
Figure 127: Finnish Motor Insurance Market Dynamics by Sub-Category, 20072016
Figure 128: Finnish Motor Hull Insurance Sub-Category Written Premium (EUR Billion), 20072011
Figure 129: Finnish Motor Hull Insurance Sub-Category Written Premium (EUR Billion), 20112016
Figure 130:Finnish Motor Third Party Insurance Sub-Category Written Premium (EUR Billion), 20072011
Figure 131: Finnish Motor Third Party Insurance Sub-Category Written Premium (EUR Billion), 20112016
Figure 132:Finnish General Third-Party Insurance Category by Written Premium (EUR Billion), 20072011
Figure 133: Finnish General Third-Party Insurance Category by Written Premium (EUR Billion), 20112016
Figure 134: Finnish Marine, Aviation and Transit Insurance Written Premium (EUR Billion) by Sub-Category, 20072016
Figure 135: Finnish Marine, Aviation and Transit Insurance Market Dynamics by Sub-Category, 20072016
Figure 136: Finnish Personal Accident and Health Insurance Written Premium by Category (EUR Billion), 20072016
Figure 137: Finnish Personal Accident and Health Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 138: Finnish Personal Accident and Health Insurance Market Dynamics by Category, 20072016
Figure 139: Finnish Personal Accident and Health Insurance Paid Claims by Category (EUR Billion), 20072016
Figure 140: Finnish Personal Accident and Health Insurance Incurred Loss by Category (EUR Billion), 20072016
Figure 141: Finnish Personal Accident and Health Insurance Loss Ratio (%), 20072011
Figure 142: Finnish Personal Accident and Health Insurance Loss Ratio (%), 20112016
Figure 143: Finnish Personal Accident and Health Insurance Combined Ratio (%), 20072011
Figure 144: Finnish Personal Accident and Health Insurance Combined Ratio (%), 20112016
Figure 145: Finnish Personal Accident and Health Insurance Total Assets (EUR Billion), 20072011
Figure 146: Finnish Personal Accident and Health Insurance Total Assets (EUR Billion), 20112016
Figure 147: Finnish Personal Accident and Health Insurance Total Investment Income (EUR Billion), 20072011
Figure 148: Finnish Personal Accident and Health Insurance Total Investment Income (EUR Billion), 20112016
Figure 149: Finnish Personal Accident and Health Insurance Retentions (EUR Billion), 20072011
Figure 150: Finnish Personal Accident and Health Insurance Retentions (EUR Billion), 20112016
Figure 151: Finnish Personal Accident and Health Insurance Penetration (% of GDP), 20072011
Figure 152: Finnish Personal Accident and Health Insurance Premium Per Capita (EUR), 20072011
Figure 153: Finnish Personal Accident Insurance Category Written Premium (EUR Billion), 20072011
Figure 154: Finnish Personal Accident Insurance Category Written Premium (EUR Billion), 20112016
Figure 155: Finnish Travel Insurance Category Written Premium (EUR Billion), 20072011
Figure 156: Finnish Travel Insurance Category Written Premium (EUR Billion), 20112016
Figure 157: Finnish Health Insurance Written Premium by Sub-Category (EUR Billion), 20072016
Figure 158: Finnish Health Insurance Market Dynamics by Sub-Category, 20072016
Figure 159: Finnish Non-Life Health Insurance Sub-Category Written Premium (EUR Billion), 20072011
Figure 160: Finnish Non-Life Health Insurance Sub-Category Written Premium (EUR Billion), 20112016
Figure 161:Finnish Premium Ceded to Reinsurance by Category (EUR Billion), 20072016
Figure 162:Finnish Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016
Figure 163: Finnish Reinsurance Market Dynamics by Category, 20072016
Figure 164: Finnish Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 20072016
Figure 165: Finnish Reinsurance Market Dynamics by Type of Insurance, 20072016
Figure 166: Finnish Life Insurance Percentage of Reinsurance Ceded (%), 20072011
Figure 167: Finnish Life Insurance Percentage of Reinsurance Ceded (%), 20112016
Figure 168: Finnish Non-Life Insurance Percentage of Reinsurance Ceded, 20072011
Figure 169: Finnish Non-Life Insurance Percentage of Reinsurance Ceded, 20112016
Figure 170: Personal Accident and Health Insurance Percentage of Reinsurance Ceded (%), 20072011
Figure 171: Personal Accident and Health Insurance Percentage of Reinsurance Ceded (%), 20112016
Figure 172: Finnish Life Insurance New Business Written Premium Through Direct Marketing (EUR Billion), 20072011
Figure 173: Finnish Life Insurance New Business Written Premium Through Direct Marketing (EUR Billion), 20112016
Figure 174: Finnish Life Insurance New Business Written Premium Through Bancassurance (EUR Billion), 20072011
Figure 175: Finnish Life Insurance New Business Written Premium Through Bancassurance (EUR Billion), 20112016
Figure 176: Finnish Life Insurance New Business Written Premium Through Agencies (EUR Billion), 20072011
Figure 177: Finnish Life Insurance New Business Written Premium Through Agencies (EUR Billion), 20112016
Figure 178: Finnish Life Insurance New Business Written Premium Through E-Commerce (EUR Billion), 20072011
Figure 179: Finnish Life Insurance New Business Written Premium Through E-Commerce (EUR Billion), 20112016
Figure 180: Finnish Life Insurance New Business Written Premium Through Brokers (EUR Billion), 20072011
Figure 181: Finnish Life Insurance New Business Written Premium Through Brokers (EUR Billion), 20112016
Figure 182: Finnish Life Insurance New Business Written Premium Through Other Channels (EUR Billion), 20072011
Figure 183: Finnish Life Insurance New Business Written Premium Through Other Channels (EUR Billion), 20112016
Figure 184:Finnish Non-Life Insurance Written Premium Through Direct Marketing (EUR Billion), 20072011
Figure 185:Finnish Non-Life Insurance Written Premium Through Direct Marketing (EUR Billion), 20112016
Figure 186:Finnish Non-Life Insurance Written Premium Through Bancassurance (EUR Billion), 20072011
Figure 187:Finnish Non-Life Insurance Written Premium Through Bancassurance (EUR Billion), 20112016
Figure 188: Finnish Non-Life Insurance Written Premium Through Agencies (EUR Billion), 20072011
Figure 189: Finnish Non-Life Insurance Written Premium Through Agencies (EUR Billion), 20112016
Figure 190: Finnish Non-Life Insurance Written Premium Through E-Commerce (EUR Billion), 20072011
Figure 191: Finnish Non-Life Insurance Written Premium Through E-Commerce (EUR Billion), 20112016
Figure 192: Finnish Non-Life Insurance Written Premium Through Brokers (EUR Billion), 20072011
Figure 193: Finnish Non-Life Insurance Written Premium Through Brokers (EUR Billion), 20112016
Figure 194:Finnish Non-Life Insurance Written Premium Through Other Channels (EUR Billion), 20072011
Figure 195: Finnish Non-Life Insurance Written Premium Through Other Channels (EUR Billion), 20112016
Figure 196: Finnish Personal Accident and Health Insurance Written Premium Through Direct Marketing (EUR Billion), 20072011
Figure 197: Finnish Personal Accident and Health Insurance Written Premium Through Direct Marketing (EUR Billion), 20112016
Figure 198: Finnish Personal Accident and Health Insurance Written Premium Through Bancassurance (EUR Billion), 20072011
Figure 199: Finnish Personal Accident and Health Insurance Written Premium Through Bancassurance (EUR Billion), 20112016
Figure 200: Finnish Personal Accident and Health Insurance Written Premium Through Agencies (EUR Billion), 20072011
Figure 201: Finnish Personal Accident and Health Insurance Written Premium Through Agencies (EUR Billion), 20112016
Figure 202: Finnish Personal Accident and Health Insurance Written Premium Through E-Commerce (EUR Billion), 20072011
Figure 203: Finnish Personal Accident and Health Insurance Written Premium Through E-Commerce (EUR Billion), 20112016
Figure 204: Finnish Personal Accident and Health Insurance Written Premium Through Brokers (EUR Billion), 20072011
Figure 205: Finnish Personal Accident and Health Insurance Written Premium Through Brokers (EUR Billion), 20112016
Figure 206: Finnish Personal Accident and Health Insurance Written Premium Through Other Channels (EUR Billion), 20072011
Figure 207: Finnish Personal Accident and Health Insurance Written Premium Through Other Channels (EUR Billion), 20112016
Figure 208: Finnish Insurance Market Market Share 2011
Figure 209: Finnish GDP at Constant Prices (US$ Billion), 20072011
Figure 210: Finnish GDP Per Capita at Constant Prices (US$), 20072011
Figure 211: Finnish GDP at Current Prices (US$ Billion), 20072011
Figure 212: Finnish Construction Output (million m3 ), 20072011
Figure 213: Finnish Inflation Rate (%), 20072011
Figure 214: Finnish Arable Land (000 Hectares), 20072011
Figure 215: Finnish Exports as a Percentage of GDP (%), 20072011
Figure 216: Finnish Number of Air Passengers (000), 20072011
Figure 217: Finnish Healthcare Expenditure Per Capita (US$), 20072011
Figure 218: Finnish Employed Population (%), 20072011
Figure 219: Finnish Annual Disposable Income (US$ Billion), 20072011
Figure 220: Finnish Annual Disposable Income Per Capita (US$), 20072011
Figure 221: Finnish Total Population (Million), 20072011