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Life Insurance in Finland, Key Trends and Opportunities to 2017 - Product Image

Life Insurance in Finland, Key Trends and Opportunities to 2017

  • Published: January 2014
  • Region: Finland
  • 260 pages
  • Timetric

The report provides in-depth market analysis, information and insights into the Finnish life insurance segment, including:
- The Finnish life insurance segment’s growth prospects by life insurance categories
- Key trends and drivers for the life insurance segment
- The various distribution channels in the Finnish life insurance segment
- The detailed competitive landscape in the life insurance segment in Finland
- A detailed overview of the regulatory framework of the Finnish insurance industry
- A description of the life reinsurance segment in Finland
- Porter's Five Forces analysis of the life insurance segment
- A benchmarking section on the Finnish life insurance segment in comparison with other countries in the Nordic Region

Summary
Life insurance was the largest segment in the Finnish insurance industry in 2012, accounting for 81.8% of the industry’s gross written premium in 2012. Pure risk, capital-redemption and unit-linked policies will record considerable growth between 2012 and 2018, although the opposite will be the case with guaranteed-return policies due to subdued interest rates on government bonds. The solvency margin READ MORE >

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
4 Life Insurance Segment – Regional Benchmarking
4.1 Scale and penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration (% of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution channels
4.4.1 Direct marketing
4.4.2 Bancassurance
4.4.3 Agencies
4.4.4 Online channels
5 Finnish Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends and Drivers
6 Life Insurance Outlook
6.1 Life Insurance Growth Prospects by Category
6.1.1 Individual life insurance
6.1.2 Individual pension insurance
6.1.3 Individual endowment insurance
6.1.4 Individual unit-linked insurance
6.1.5 Group life insurance
6.1.6 Group superannuation insurance
6.1.7 Group unit-linked insurance
6.2 Life Insurance Growth Prospects by Product Type
6.2.1 Individual single-premium policies
6.2.2 Individual non-single-premium policies
6.2.3 Group single-premium policies
6.2.4 Group non-single-premium policies
7 Analysis by Distribution Channels
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other Channels
8 Porter’s Five Forces Analysis – Finnish Life Insurance
8.1 Bargaining Power of Supplier: Medium to High
8.2 Bargaining Power of Buyer: Low to Medium
8.3 Barriers to Entry: High
8.4 Intensity of Rivalry: Medium to High
8.5 Threat of Substitutes: Low
9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2008–2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008–2017
10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Regulations by Type of Insurance
10.2.1 Life insurance regulations
10.2.2 Property insurance regulations
10.2.3 Motor insurance regulations
10.2.4 Marine, aviation and transit insurance regulations
10.2.5 Personal accident and health insurance regulations
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.3.2 Workers’ compensation insurance
10.3.3 Air carriers and aircraft operators insurance
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors (IAIS)
10.4.2 European Insurance and Occupational Pension Authority (EIOPA)
10.4.3 Financial Supervisory Authority (FSA)
10.5 Non-Admitted Insurance Regulations
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and penalties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.6.10 Fee structure
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Withholding tax on insurance premium paid overseas
10.7.3 Corporate tax
10.7.4 VAT
10.7.5 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Alternative dispute resolution (ADR)
11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Finnish Life Insurance Segment
11.3 Comparison of the Top Five Insurers
11.3.1 Gross written premium
11.3.2 Incurred loss
11.3.3 Total assets
11.4 Varma Mutual Pension Insurance Company – Company Overview
11.4.1 Varma Mutual Pension Insurance Company – key facts
11.4.2 Varma Mutual Pension Insurance Company – key financials
11.5 Ilmarinen Mutual Pension Insurance Company – Company Overview
11.5.1 Ilmarinen Mutual Pension Insurance Company – key facts
11.5.2 Ilmarinen Mutual Pension Insurance Company – key financials
11.6 LocalTapiola Mutual Pension Insurance Company – Company Overview
11.6.1 LocalTapiola Mutual Pension Insurance Company – key facts
11.6.2 LocalTapiola Mutual Pension Insurance Company – key financials
11.7 Nordea Life Assurance Finland Ltd – Company Overview
11.7.1 Nordea Life Assurance Finland Ltd – key facts
11.7.2 Nordea Life Assurance Finland Ltd – key financials
11.8 Fenia Mutual Pension Insurance Company – Company Overview
11.8.1 Fenia Mutual Pension Insurance Company – key facts
11.8.2 Fenia Mutual Pension Insurance Company – key financials
11.9 Mandatum Life Insurance Company Ltd – Company Overview
11.9.1 Mandatum Life Insurance Company Ltd – key facts
11.9.2 Mandatum Life Insurance Company Ltd – key financials
11.1 OP Life Assurance Company Ltd – Company Overview
11.10.1 OP Life Assurance Company Ltd – key facts
11.10.2 OP Life Assurance Company Ltd – key financials
11.11 Etera Mutual Pension Insurance Company – Company Overview
11.11.1 Etera Mutual Pension Insurance Company – key facts
11.11.2 Etera Mutual Pension Insurance Company – key financials
11.12 Veritas Pension Insurance Company Ltd – Company Overview
11.12.1 Veritas Pension Insurance Company Ltd – key facts
11.12.2 Veritas Pension Insurance Company Ltd – key financials
11.13 LocalTapiola Mutual Life Insurance Company – Company Overview
11.13.1 LocalTapiola Mutual Life Insurance Company – key facts
11.13.2 LocalTapiola Mutual Life Insurance Company – key financials
12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend – Finnish Stock Exchange, Finland
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key segments
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
12.2.7 Agriculture, hunting, forestry and fishing net output at current prices, as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices, as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices, as a percentage of GDP
12.2.12 Construction net output at current prices (US$)
12.2.13 Construction net output at current prices as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Exports growth
12.2.18 Imports growth
12.2.19 Annual average exchange rate EUR–US$
12.3 Infrastructure Quality and Availability
12.3.1 Commercial vehicle exports total value
12.3.2 Commercial vehicle imports total value
12.3.3 Automotive exports total value
12.3.4 Automotive imports total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Gross national disposable income (US$)
12.5.2 Household consumption expenditure (US$)
12.5.3 Total population
12.5.4 Urban and rural population
12.5.5 Age distribution of the total population
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Finnish Insurance – Overall Written Premium by Segment (EUR Billion), 2008–2012
Table 3: Finnish Insurance – Overall Written Premium by Segment (US$ Billion), 2008–2012
Table 4: Finnish Insurance – Overall Written Premium by Segment (EUR Billion), 2012–2017
Table 5: Finnish Insurance – Overall Written Premium by Segment (US$ Billion), 2012–2017
Table 6: Finnish Insurance – Segmentation (% Share), 2008–2017
Table 7: Finnish Life Insurance – Written Premium by Category (EUR Billion), 2008–2012
Table 8: Finnish Life Insurance – Written Premium by Category (US$ Billion), 2008–2012
Table 9: Finnish Life Insurance – Written Premium by Category (EUR Billion), 2012–2017
Table 10: Finnish Life Insurance – Written Premium by Category (US$ Billion), 2012–2017
Table 11: Finnish Life Insurance – Earned Premium (EUR Billion), 2008–2012
Table 12: Finnish Life Insurance – Earned Premium (EUR Billion), 2012–2017
Table 13: Finnish Life Insurance – Sum Assured (EUR Billion), 2008–2012
Table 14: Finnish Life Insurance – Sum Assured (EUR Billion), 2012–2017
Table 15: Finnish Life Insurance – Paid Claims (EUR Billion), 2008–2012
Table 16: Finnish Life Insurance – Paid Claims (EUR Billion), 2012–2017
Table 17: Finnish Life Insurance – Incurred Loss (EUR Billion), 2008–2012
Table 18: Finnish Life Insurance – Incurred Loss (EUR Billion), 2012–2017
Table 19: Finnish Life Insurance – Loss Ratio (%), 2008–2012
Table 20: Finnish Life Insurance – Loss Ratio (%), 2012–2017
Table 21: Finnish Life Insurance – Commissions and Expenses (EUR Billion), 2008–2012
Table 22: Finnish Life Insurance – Commissions and Expenses (EUR Billion), 2012–2017
Table 23: Finnish Life Insurance – Combined Ratio (%), 2008–2012
Table 24: Finnish Life Insurance – Combined Ratio (%), 2012–2017
Table 25: Finnish Life Insurance – Frauds and Crimes (EUR Billion), 2008–2012
Table 26: Finnish Life Insurance – Frauds and Crimes (EUR Billion), 2012–2017
Table 27: Finnish Life Insurance – Total Assets (EUR Billion), 2008–2012
Table 28: Finnish Life Insurance – Total Assets (EUR Billion), 2012–2017
Table 29: Finnish Life Insurance – Total Investment Income (EUR Billion), 2008–2012
Table 30: Finnish Life Insurance – Total Investment Income (EUR Billion), 2012–2017
Table 31: Finnish Life Insurance – Retentions (EUR Billion), 2008–2012
Table 32: Finnish Life Insurance – Retentions (EUR Billion), 2012–2017
Table 33: Finnish Individual Life Insurance – Number of Active Policies (Thousand), 2008–2012
Table 34: Finnish Individual Life Insurance – Number of Active Policies, 2012–2017
Table 35: Finnish Individual Life Insurance – Written Premium (EUR Billion), 2008–2012
Table 36: Finnish Individual Life Insurance – Written Premium (EUR Billion), 2012–2017
Table 37: Finnish Individual Pension Insurance – Number of Active Policies (Thousand), 2008–2012
Table 38: Finnish Individual Pension Insurance – Number of Active Policies (Thousand), 2012–2017
Table 39: Finnish Individual Pension Insurance – Written Premium (EUR Billion), 2008–2012
Table 40: Finnish Individual Pension Insurance – Written Premium (EUR Billion), 2012–2017
Table 41: Finnish Individual Endowment Insurance – Number of Active Policies (Thousand), 2008–2012
Table 42: Finnish Individual Endowment Insurance – Number of Active Policies (Thousand), 2012–2017
Table 43: Finnish Individual Endowment Insurance – Written Premium (EUR Billion), 2008–2012
Table 44: Finnish Individual Endowment Insurance – Written Premium (EUR Billion), 2012–2017
Table 45: Finnish Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2008–2012
Table 46: Finnish Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2012–2017
Table 47: Finnish Individual Unit-Linked Insurance – Written Premium (EUR Billion), 2008–2012
Table 48: Finnish Individual Unit-Linked Insurance – Written Premium (EUR Billion), 2012–2017
Table 49: Finnish Group Life Insurance – Number of Active Policies (Thousand), 2008–2012
Table 50: Finnish Group Life Insurance – Number of Active Policies (Thousand), 2012–2017
Table 51: Finnish Group Life Insurance – Written Premium (EUR Billion), 2008–2012
Table 52: Finnish Group Life Insurance – Written Premium (EUR Billion), 2012–2017
Table 53: Finnish Group Superannuation Insurance – Number of Active Policies (Thousand), 2008–2012
Table 54: Finnish Group Superannuation Insurance – Number of Active Policies (Thousand), 2012–2017
Table 55: Finnish Group Superannuation Insurance – Written Premium (EUR Billion), 2008–2012
Table 56: Finnish Group Superannuation Insurance – Written Premium (EUR Billion), 2012–2017
Table 57: Finnish Group Unit-Linked Insurance – Number of Active Policies (Thousand), 2008–2012
Table 58: Finnish Group Unit-Linked Insurance – Number of Active Policies (Thousand), 2012–2017
Table 59: Finnish Group Unit-Linked Insurance – Written Premium (EUR Billion), 2008–2012
Table 60: Finnish Group Unit-Linked Insurance – Written Premium (EUR Billion), 2012–2017
Table 61: Finnish Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 62: Finnish Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 63: Finnish Individual Single-Premium Insurance – Written Premium (EUR Billion), 2008–2012
Table 64: Finnish Individual Single-Premium Insurance – Written Premium (EUR Billion), 2012–2017
Table 65: Finnish Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 66: Finnish Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 67: Finnish Individual Non-Single-Premium Insurance – Written Premium (EUR Billion), 2008–2012
Table 68: Finnish Individual Non-Single-Premium Insurance – Written Premium (EUR Billion), 2012–2017
Table 69: Finnish Group Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 70: Finnish Group Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 71: Finnish Group Single-Premium Insurance – Written Premium (EUR Billion), 2008–2012
Table 72: Finnish Group Single-Premium Insurance – Written Premium (EUR Billion), 2012–2017
Table 73: Finnish Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 74: Finnish Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 75: Finnish Group Non-Single-Premium Insurance – Written Premium (EUR Billion), 2008–2012
Table 76: Finnish Group Non-Single-Premium Insurance – Written Premium (EUR Billion), 2012–2017
Table 77: Finnish Life Insurance – Direct Marketing Commission Paid (EUR Billion), 2008–2012
Table 78: Finnish Life Insurance – Direct Marketing Commission Paid (EUR Billion), 2012–2017
Table 79: Finnish Life Insurance – New Business Written Premium Through Direct Marketing (EUR Billion), 2008–2012
Table 80: Finnish Life Insurance – New Business Written Premium Through Direct Marketing (EUR Billion), 2012–2017
Table 81: Finnish Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2008–2012
Table 82: Finnish Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2012–2017
Table 83: Finnish Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Table 84: Finnish Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Table 85: Finnish Life Insurance – Bancassurance Commission Paid (EUR Billion), 2008–2012
Table 86: Finnish Life Insurance – Bancassurance Commission Paid (EUR Billion), 2012–2017
Table 87: Finnish Life Insurance – New Business Written Premium Through Bancassurance (EUR Billion), 2008–2012
Table 88: Finnish Life Insurance – New Business Written Premium Through Bancassurance (EUR Billion), 2012–2017
Table 89: Finnish Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2008–2012
Table 90: Finnish Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2012–2017
Table 91: Finnish Life Insurance – Number of Bancassurance Distributors, 2008–2012
Table 92: Finnish Life Insurance – Number of Bancassurance Distributors, 2012–2017
Table 93: Finnish Life Insurance – Commission Paid to Agencies (EUR Billion), 2008–2012
Table 94: Finnish Life Insurance – Commission Paid to Agencies (EUR Billion), 2012–2017
Table 95: Finnish Life Insurance – New Business Written Premium Through Agencies (EUR Billion), 2008–2012
Table 96: Finnish Life Insurance – New Business Written Premium Through Agencies (EUR Billion), 2012–2017
Table 97: Finnish Life Insurance – New Policies Sold Through Agencies (Thousand), 2008–2012
Table 98: Finnish Life Insurance – New Policies Sold Through Agencies (Thousand), 2012–2017
Table 99: Finnish Life Insurance – Number of Agencies, 2008–2012
Table 100: Finnish Life Insurance – Number of Agencies, 2012–2017
Table 101: Finnish Life Insurance – E-Commerce Commission Paid (EUR Billion), 2008–2012
Table 102: Finnish Life Insurance – E-Commerce Commission Paid (EUR Billion), 2012–2017
Table 103: Finnish Life Insurance – New Business Written Premium Through E-Commerce (EUR Billion), 2008–2012
Table 104: Finnish Life Insurance – New Business Written Premium Through E-Commerce (EUR Billion), 2012–2017
Table 105: Finnish Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2008–2012
Table 106: Finnish Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2012–2017
Table 107: Finnish Life Insurance – Number of E-Commerce Distributors, 2008–2012
Table 108: Finnish Life Insurance – Number of E-Commerce Distributors, 2012–2017
Table 109: Finnish Life Insurance – Commission Paid to Brokers (EUR Billion), 2008–2012
Table 110: Finnish Life Insurance – Commission Paid to Brokers (EUR Billion), 2012–2017
Table 111: Finnish Life Insurance – New Business Written Premium Through Brokers (EUR Billion), 2008–2012
Table 112: Finnish Life Insurance – New Business Written Premium Through Brokers (EUR Billion), 2012–2017
Table 113: Finnish Life Insurance – New Policies Sold Through Brokers (Thousand), 2008–2012
Table 114: Finnish Life Insurance – New Policies Sold Through Brokers (Thousand), 2012–2017
Table 115: Finnish Life Insurance – Number of Brokers, 2008–2012
Table 116: Finnish Life Insurance – Number of Brokers, 2012–2017
Table 117: Finnish Life Insurance – Commission Paid to Other Channels (EUR Billion), 2008–2012
Table 118: Finnish Life Insurance – Commission Paid to Other Channels (EUR Billion), 2012–2017
Table 119: Finnish Life Insurance – New Business Written Premium Through Other Channels (EUR Billion), 2008–2012
Table 120: Finnish Life Insurance – New Business Written Premium Through Other Channels (EUR Billion), 2012–2017
Table 121: Finnish Life Insurance – New Policies Sold Through Other Channels (Thousand), 2008–2012
Table 122: Finnish Life Insurance – New Policies Sold Through Other Channels (Thousand), 2012–2017
Table 123: Finnish Life Insurance – Number of Distributors in Other Channels, 2008–2012
Table 124: Finnish Life Insurance – Number of Distributors in Other Channels, 2012–2017
Table 125: Finnish Reinsurance by Category (EUR Billion), 2008–2012
Table 126: Finnish Reinsurance by Category (US$ Billion), 2008–2012
Table 127: Finnish Reinsurance by Category (EUR Billion), 2012–2017
Table 128: Finnish Reinsurance by Category (US$ Billion), 2012–2017
Table 129: Finnish Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2008–2012
Table 130: Finnish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008–2012
Table 131: Finnish Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2012–2017
Table 132: Finnish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012–2017
Table 133: Finnish Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 134: Finnish Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 135: Finland – Life Insurance Regulatory Framework
Table 136: Finland – Property Insurance Regulatory Framework
Table 137: Finland – Motor Insurance Regulatory Framework
Table 138: Finland – Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft
Table 139: Finland – Minimum Capital Requirements
Table 140: Finland – Insurance Premium Taxation
Table 141: Finland – Corporate Tax Rates for the Financial Year 2013
Table 142: Finnish Life Insurance – Market Shares (%), 2012
Table 143: Varma Mutual Pension Insurance Company, Key Facts
Table 144: Varma Mutual Pension Insurance Company, Key Financials (EUR Million), 2008–2012
Table 145: Ilmarinen Mutual Pension Insurance Company, Key Facts
Table 146: Ilmarinen Mutual Pension Insurance Company, Key Financials (EUR Million), 2008–2012
Table 147: LocalTapiola Mutual Pension Insurance Company, Key Facts
Table 148: LocalTapiola Mutual Pension Insurance Company, Key Financials (EUR Million), 2008–2012
Table 149: Nordea Life Assurance Finland Ltd, Key Facts
Table 150: Nordea Life Assurance Finland Ltd, Key Financials (EUR Million), 2008–2012
Table 151: Fenia Mutual Pension Insurance Company, Key Facts
Table 152: Fenia Mutual Pension Insurance Company, Key Financials (EUR Million), 2008–2012
Table 153: Mandatum Life Insurance Company Ltd, Key Facts
Table 154: Mandatum Life Insurance Company Ltd, Key Financials (EUR Million), 2008–2012
Table 155: OP Life Assurance Company Ltd, Key Facts
Table 156: OP Life Assurance Company Ltd, Key Financials (EUR Million), 2008–2012
Table 157: Etera Mutual Pension Insurance Company, Key Facts
Table 158: Etera Mutual Pension Insurance Company, Key Financials (EUR Million), 2008–2012
Table 159: Veritas Pension Insurance Company Ltd, Key Facts
Table 160: Veritas Pension Insurance Company Ltd, Key Financials (EUR Million), 2008–2012
Table 161: LocalTapiola Mutual Life Insurance Company, Key Facts
Table 162: LocalTapiola Mutual Life Insurance Company, Key Financials (EUR Million), 2008–2012

List of Figures
Figure 1: Nordic Region – Snapshot of the Economy and Population, 2012
Figure 2: Nordic Region – Growth Trends in the Insurance Industry (%), 2007–2016
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$), 2011
Figure 7: Nordic Life Insurance – Penetration (% of GDP), 2011 and 2016
Figure 8: Nordic Life Insurance – Gross Written Premium Growth (%), 2007–2016
Figure 9: Nordic Life Insurance – Gross Written Premium per Capita (%), 2007–2016
Figure 10: Nordic Life Insurance – Loss Ratio (%), 2011 and 2016
Figure 11: Nordic Life Insurance – Combined Ratio (%), 2011 and 2016
Figure 12: Nordic Life Insurance – Incurred Losses per Capita (US$), 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 (%), 2007–2016
Figure 15: Nordic Life Insurance – Share of New Business Gross Written Premium for Bancassurance (%), 2007–2016
Figure 16: Nordic Life Insurance – Share of New Business Gross Written Premium for Agencies (%), 2007–2016
Figure 17: Nordic Life insurance – Share of New Business Gross Written Premium for Online Channels (%), 2007–2016
Figure 18: Finnish Insurance – Overall Written Premium by Segment (EUR Billion), 2008–2017
Figure 19: Finnish Insurance – Dynamics by Segment (%), 2008–2017
Figure 20: Finnish Life Insurance – Written Premium by Category (EUR Billion), 2008–2017
Figure 21: Finnish Life Insurance – Written Premium by Category (% Share), 2012 and 2017
Figure 22: Finnish Life Insurance – Dynamics by Category (%), 2008–2017
Figure 23: Finnish Life Insurance – Earned Premium (EUR Billion), 2008–2012
Figure 24: Finnish Life Insurance – Earned Premium (EUR Billion), 2012–2017
Figure 25: Finnish Life Insurance – Sum Assured (EUR Billion), 2008–2012
Figure 26: Finnish Life Insurance – Sum Assured (EUR Billion), 2012–2017
Figure 27: Finnish Life Insurance – Paid Claims (EUR Billion), 2008–2012
Figure 28: Finnish Life Insurance – Paid Claims (EUR Billion), 2012–2017
Figure 29: Finnish Life Insurance – Incurred Loss (EUR Billion), 2008–2012
Figure 30: Finnish Life Insurance – Incurred Loss (EUR Billion), 2012–2017
Figure 31: Finnish Life Insurance – Loss Ratio (%), 2008–2012
Figure 32: Finnish Life Insurance – Loss Ratio (%), 2012–2017
Figure 33: Finnish Life Insurance – Commissions and Expenses (EUR Billion), 2008–2012
Figure 34: Finnish Life Insurance – Commissions and Expenses (EUR Billion), 2012–2017
Figure 35: Finnish Life Insurance – Combined Ratio (%), 2008–2012
Figure 36: Finnish Life Insurance – Combined Ratio (%), 2012–2017
Figure 37: Finnish Life Insurance – Frauds and Crimes (EUR Billion), 2008–2012
Figure 38: Finnish Life Insurance – Frauds and Crimes (EUR Billion), 2012–2017
Figure 39: Finnish Life Insurance – Total Assets (EUR Billion), 2008–2012
Figure 40: Finnish Life Insurance – Total Assets (EUR Billion), 2012–2017
Figure 41: Finnish Life Insurance – Total Investment Income (EUR Billion), 2008–2012
Figure 42: Finnish Life Insurance – Total Investment Income (EUR Billion), 2012–2017
Figure 43: Finnish Life Insurance – Retentions (EUR Billion), 2008–2012
Figure 44: Finnish Life Insurance – Retentions (EUR Billion), 2012–2017
Figure 45: Finnish Life Insurance – Investment Portfolio (EUR Billion), 2008–2012
Figure 46: Finnish Life Insurance – Investment Portfolio, 2008 and 2012
Figure 47: Finnish Life Insurance – Penetration (%), 2008–2012
Figure 48: Finnish Life Insurance – Density (Number of Policies per Capita), 2008–2012
Figure 49: Finnish Life Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 50: Finnish Life Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 51: Finnish Life Insurance – Premium per Capita (EUR), 2008–2012
Figure 52: Finnish Individual Life Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 53: Finnish Individual Life Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 54: Finnish Individual Life Insurance – Written Premium (EUR Billion), 2008–2012
Figure 55: Finnish Individual Life Insurance – Written Premium (EUR Billion), 2012–2017
Figure 56: Finnish Individual Pension Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 57: Finnish Individual Pension Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 58: Finnish Individual Pension Insurance – Written Premium (EUR Billion), 2008–2012
Figure 59: Finnish Individual Pension Insurance – Written Premium (EUR Billion), 2012–2017
Figure 60: Finnish Individual Endowment Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 61: Finnish Individual Endowment Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 62: Finnish Individual Endowment Insurance – Written Premium (EUR Billion), 2008–2012
Figure 63: Finnish Individual Endowment Insurance – Written Premium (EUR Billion), 2012–2017
Figure 64: Finnish Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 65: Finnish Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 66: Finnish Individual Unit-Linked Insurance – Written Premium (EUR Billion), 2008–2012
Figure 67: Finnish Individual Unit-Linked Insurance – Written Premium (EUR Billion), 2012–2017
Figure 68: Finnish Group Life Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 69: Finnish Group Life Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 70: Finnish Group Life Insurance – Written Premium (EUR Billion), 2008–2012
Figure 71: Finnish Group Life Insurance – Written Premium (EUR Billion), 2012–2017
Figure 72: Finnish Group Superannuation Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 73: Finnish Group Superannuation Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 74: Finnish Group Superannuation Insurance – Written Premium (EUR Billion), 2008–2012
Figure 75: Finnish Group Superannuation Insurance – Written Premium (EUR Billion), 2012–2017
Figure 76: Finnish Group Unit-Linked Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 77: Finnish Group Unit-Linked Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 78: Finnish Group Unit-Linked Insurance – Written Premium (EUR Billion), 2008–2012
Figure 79: Finnish Group Unit-Linked Insurance – Written Premium (EUR Billion), 2012–2017
Figure 80: Finnish Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 81: Finnish Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 82: Finnish Individual Single-Premium Insurance – Written Premium (EUR Billion), 2008–2012
Figure 83: Finnish Individual Single-Premium Insurance – Written Premium (EUR Billion), 2012–2017
Figure 84: Finnish Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 85: Finnish Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 86: Finnish Individual Non-Single-Premium Insurance – Written Premium (EUR Billion), 2008–2012
Figure 87: Finnish Individual Non-Single-Premium Insurance – Written Premium (EUR Billion), 2012–2017
Figure 88: Finnish Group Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 89: Finnish Group Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 90: Finnish Group Single-Premium Insurance – Written Premium (EUR Billion), 2008–2012
Figure 91: Finnish Group Single-Premium Insurance – Written Premium (EUR Billion), 2012–2017
Figure 92: Finnish Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 93: Finnish Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 94: Finnish Group Non-Single-Premium Insurance – Written Premium (EUR Billion), 2008–2012
Figure 95: Finnish Group Non-Single-Premium Insurance – Written Premium (EUR Billion), 2012–2017
Figure 96: Finnish Life Insurance – New Business Written Premium by Distribution Channel (% Share), 2012 and 2017
Figure 97: Finnish Life Insurance – Direct Marketing Commission Paid (EUR Billion), 2008–2012
Figure 98: Finnish Life Insurance – Direct Marketing Commission Paid (EUR Billion), 2012–2017
Figure 99: Finnish Life Insurance – New Business Written Premium Through Direct Marketing (EUR Billion), 2008–2012
Figure 100: Finnish Life Insurance – New Business Written Premium Through Direct Marketing (EUR Billion), 2012–2017
Figure 101: Finnish Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2008–2012
Figure 102: Finnish Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2012–2017
Figure 103: Finnish Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Figure 104: Finnish Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Figure 105: Finnish Life Insurance – Bancassurance Commission Paid (EUR Billion), 2008–2012
Figure 106: Finnish Life Insurance – Bancassurance Commission Paid (EUR Billion), 2012–2017
Figure 107: Finnish Life Insurance – New Business Written Premium Through Bancassurance (EUR Billion), 2008–2012
Figure 108: Finnish Life Insurance – New Business Written Premium Through Bancassurance (EUR Billion), 2012–2017
Figure 109: Finnish Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2008–2012
Figure 110: Finnish Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2012–2017
Figure 111: Finnish Life Insurance – Number of Bancassurance Distributors, 2008–2012
Figure 112: Finnish Life Insurance – Number of Bancassurance Distributors, 2012–2017
Figure 113: Finnish Life Insurance – Commission Paid to Agencies (EUR Billion), 2008–2012
Figure 114: Finnish Life Insurance – Commission Paid to Agencies (EUR Billion), 2012–2017
Figure 115: Finnish Life Insurance – New Business Written Premium Through Agencies (EUR Billion), 2008–2012
Figure 116: Finnish Life Insurance – New Business Written Premium Through Agencies (EUR Billion), 2012–2017
Figure 117: Finnish Life Insurance – New Policies Sold Through Agencies (Thousand), 2008–2012
Figure 118: Finnish Life Insurance – New Policies Sold Through Agencies (Thousand), 2012–2017
Figure 119: Finnish Life Insurance – Number of Agencies, 2008–2012
Figure 120: Finnish Life Insurance – Number of Agencies, 2012–2017
Figure 121: Finnish Life Insurance – E-Commerce Commission Paid (EUR Billion), 2008–2012
Figure 122: Finnish Life Insurance – E-Commerce Commission Paid (EUR Billion), 2012–2017
Figure 123: Finnish Life Insurance – New Business Written Premium Through E-Commerce (EUR Billion), 2008–2012
Figure 124: Finnish Life Insurance – New Business Written Premium Through E-Commerce (EUR Billion), 2012–2017
Figure 125: Finnish Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2008–2012
Figure 126: Finnish Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2012–2017
Figure 127: Finnish Life Insurance – Number of E-Commerce Distributors, 2008–2012
Figure 128: Finnish Life Insurance – Number of E-Commerce Distributors, 2012–2017
Figure 129: Finnish Life Insurance – Commission Paid to Brokers (EUR Billion), 2008–2012
Figure 130: Finnish Life Insurance – Commission Paid to Brokers (EUR Billion), 2012–2017
Figure 131

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