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

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

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

FEATURED COMPANIES

  • A-Insurance Ltd
  • Pohjola Insurance Ltd
  • MORE

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

Summary
The Finnish non-life insurance segment is a relatively mature one; it grew at a CAGR of 2% during the review period (2008-2012), and valued EUR3.2 billion (US$4.1 billion) in 2012. This gross written premium is further expected to increase to EUR3.2 billion (US$4.1 billion) in 2017. Over the forecast period (2012-2017), the non-life segment will be mainly driven by fire and 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 Non-Life Insurance Segment – Regional Benchmarking
4.1 Overview
4.2 Scale and penetration
4.2.1 Total gross written premium
4.2.2 Premium per capita
4.2.3 Non-life insurance penetration (% of GDP)
4.3 Growth
4.3.1 Gross written premium
4.3.2 Gross written premium per capita
4.4 Efficiency and risk
4.4.1 Loss ratio
4.4.2 Combined ratio
4.4.3 Incurred losses per capita
4.4.4 Incurred losses as a percentage of GDP
4.5 Distribution channels
4.5.1 Direct marketing
4.5.2 Bancassurance
4.5.3 Agencies
4.5.4 Brokers
4.5.5 Online channels
5 Finnish Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends and Drivers
6 Non-Life Insurance Outlook
6.1 Non-Life Insurance Growth Prospects by Category
6.2.1 Property insurance
6.2.2 Fire and allied perils insurance
6.2.3 Engineering insurance
6.2.4 Agriculture insurance
6.2.5 Other property insurance
6.3 Motor Insurance
6.3.1 Motor hull insurance
6.3.2 Motor third-party insurance
6.4 General Third-Party Insurance
6.5 Marine, Aviation and Transit Insurance
6.5.1 Marine hull insurance
6.5.2 Aviation insurance
6.5.3 Transit insurance
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 Non-Life Insurance Market
8.1 Bargaining Power of Suppliers: Medium to High
8.2 Bargaining Power of Buyers: Low to Medium
8.3 Barriers to Entry: High
8.4 Intensity of Rivalry: 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 Non–Life Insurance Segment
11.3 Comparison of the Top Five Insurers
11.3.1 Gross written premium
11.3.2 Outwards reinsurance expense
11.3.3 Incurred loss
11.3.4 Total assets
11.4 Pohjola Insurance Ltd – Company Overview
11.4.1 Pohjola Insurance Ltd – key facts
11.4.1 Pohjola Insurance Ltd – key financials
11.5 If P&C Insurance Company Ltd – Company Overview
11.5.1 If P&C Insurance Company Ltd – key facts
11.5.2 If P&C Insurance Company Ltd – key financials
11.6 LocalTapiola General Mutual Insurance Company – Company Overview
11.6.1 LocalTapiola General Mutual Insurance Company – key facts
11.6.2 LocalTapiola General Mutual Insurance Company – key financials
11.7 Fennia Mutual Insurance Company – Company Overview
11.7.1 Fenia Mutual Insurance Company – key facts
11.7.2 Fennia Mutual Insurance Company – key financials
11.8 Local Insurance Mutual Company – Company Overview
11.8.1 Local Insurance Mutual Company – key facts
11.8.2 Local Insurance Mutual Company – key financials
11.9 A-Insurance Ltd – Company Overview
11.9.1 A-Insurance Ltd – key facts
11.9.2 A-Insurance Ltd – key financials
11.1 Pohjantähti Mutual Insurance Company – Company Overview
11.10.1 Pohjantähti Mutual Insurance Company – key facts
11.10.2 Pohjantähti Mutual Insurance Company – key financials
11.11 Turva Mutual Insurance Company – Company Overview
11.11.1 Turva Mutual Insurance Company – key facts
11.11.2 Turva Mutual Insurance Company – key financials
11.12 Aktia Non-Life Insurance Company Ltd – Company Overview
11.12.1 Aktia Non-Life Insurance Company Ltd. – key facts
11.12.2 Aktia Non-Life Insurance Company Ltd – key financials
11.13 Försäkringsaktiebolaget Alandia – Company Overview
11.13.1 Försäkringsaktiebolaget Alandia – key facts
11.13.2 Försäkringsaktiebolaget Alandia – 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 Non-Life Insurance – Written Premium by Category (EUR Billion), 2008–2012
Table 8: Finnish Non-Life Insurance – Written Premium by Category (US$ Billion), 2008–2012
Table 9: Finnish Non-Life Insurance – Written Premium by Category (EUR Billion), 2012–2017
Table 10: Finnish Non-Life Insurance – Written Premium by Category (US$ Billion), 2012–2017
Table 11: Finnish Non-Life Insurance – Earned Premium (EUR Billion), 2008–2012
Table 12: Finnish Non-Life Insurance – Earned Premium (EUR Billion), 2012–2017
Table 13: Finnish Non-Life Insurance – Paid Claims by Category (EUR Billion), 2008–2012
Table 14: Finnish Non-Life Insurance – Paid Claims by Category (US$ Billion), 2008–2012
Table 15: Finnish Non-Life Insurance – Paid Claims by Category (EUR Billion), 2012–2017
Table 16: Finnish Non-Life Insurance – Paid Claims by Category (US$ Billion), 2012–2017
Table 17: Finnish Non-Life Insurance – Incurred Loss by Category (EUR Billion), 2008–2012
Table 18: Finnish Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2008–2012
Table 19: Finnish Non-Life Insurance – Incurred Loss by Category (EUR Billion), 2012–2017
Table 20: Finnish Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2012–2017
Table 21: Finnish Non-Life Insurance – Loss Ratio (%), 2008–2012
Table 22: Finnish Non-Life Insurance – Loss Ratio (%), 2012–2017
Table 23: Finnish Non-Life Insurance – Commissions and Expenses (EUR Billion), 2008–2012
Table 24: Finnish Non-Life Insurance – Commissions and Expenses (EUR Billion), 2012–2017
Table 25: Finnish Non-Life Insurance – Combined Ratio (%), 2008–2012
Table 26: Finnish Non-Life Insurance – Combined Ratio (%), 2012–2017
Table 27: Finnish Non-Life Insurance – Frauds and Crimes (EUR Billion), 2008–2012
Table 28: Finnish Non-Life Insurance – Frauds and Crimes (EUR Billion), 2012–2017
Table 29: Finnish Non-Life Insurance – Total Assets (EUR Billion), 2008–2012
Table 30: Finnish Non-Life Insurance – Total Assets (EUR Billion), 2012–2017
Table 31: Finnish Non-Life Insurance – Total Investment Income (EUR Billion), 2008–2012
Table 32: Finnish Non-Life Insurance – Total Investment Income (EUR Billion), 2012–2017
Table 33: Finnish Non-Life Insurance – Retentions (EUR Billion), 2008–2012
Table 34: Finnish Non-Life Insurance – Retentions (EUR Billion), 2012–2017
Table 35: Finnish Property Insurance – Written Premium by Sub-Category (EUR Billion), 2008–2012
Table 36: Finnish Property Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 37: Finnish Property Insurance – Written Premium by Sub-Category (EUR Billion), 2012–2017
Table 38: Finnish Property Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 39: Finnish Property Insurance – Loss Ratio (%), 2008–2012
Table 40: Finnish Property Insurance – Loss Ratio (%), 2012–2017
Table 41: Finnish Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 42: Finnish Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 43: Finnish Fire and Allied Perils Insurance – Written Premium (EUR Billion), 2008–2012
Table 44: Finnish Fire and Allied Perils Insurance – Written Premium (EUR Billion), 2012–2017
Table 45: Finnish Engineering Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 46: Finnish Engineering Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 47: Finnish Engineering Insurance – Written Premium (EUR Billion), 2008–2012
Table 48: Finnish Engineering Insurance – Written Premium (EUR Billion), 2012–2017
Table 49: Finnish Agriculture Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 50: Finnish Agriculture Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 51: Finnish Agriculture Insurance – Written Premium (EUR Billion), 2008–2012
Table 52: Finnish Agriculture Insurance – Written Premium (EUR Billion), 2012–2017
Table 53: Finnish Other Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 54: Finnish Other Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 55: Finnish Other Property Insurance – Written Premium (EUR Billion), 2008–2012
Table 56: Finnish Other Property Insurance – Written Premium (EUR Billion), 2012–2017
Table 57: Finnish Motor Insurance – Written Premium by Sub-Category (EUR Billion), 2008–2012
Table 58: Finnish Motor Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 59: Finnish Motor Insurance – Written Premium by Sub-Category (EUR Billion), 2012–2017
Table 60: Finnish Motor Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 61: Finnish Motor Insurance – Loss Ratio (%), 2008–2012
Table 62: Finnish Motor Insurance – Loss Ratio (%), 2012–2017
Table 63: Finnish Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 64: Finnish Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 65: Finnish Motor Hull Insurance – Written Premium (EUR Billion), 2008–2012
Table 66: Finnish Motor Hull Insurance – Written Premium (EUR Billion), 2012–2017
Table 67: Finnish Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 68: Finnish Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 69: Finnish Motor Third-Party Insurance – Written Premium (EUR Billion), 2008–2012
Table 70: Finnish Motor Third-Party Insurance – Written Premium (EUR Billion), 2012–2017
Table 71: Finnish General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 72: Finnish General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 73: Finnish General Third-Party Insurance – Written Premium (EUR Billion), 2008–2012
Table 74: Finnish General Third-Party Insurance – Written Premium (EUR Billion), 2012–2017
Table 75: Finnish General Third-Party Insurance – Loss Ratio (%), 2008–2012
Table 76: Finnish General Third-Party Insurance – Loss Ratio (%), 2012–2017
Table 77: Finnish Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (EUR Billion), 2008–2012
Table 78: Finnish Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 79: Finnish Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (EUR Billion), 2012–2017
Table 80: Finnish Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 81: Finnish Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Table 82: Finnish Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Table 83: Finnish Marine Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 84: Finnish Marine Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 85: Finnish Marine Hull Insurance – Written Premium (EUR Billion), 2008–2012
Table 86: Finnish Marine Hull Insurance – Written Premium (EUR Billion), 2012–2017
Table 87: Finnish Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 88: Finnish Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 89: Finnish Aviation Insurance – Written Premium (EUR Billion), 2008–2012
Table 90: Finnish Aviation Insurance – Written Premium (EUR Billion), 2012–2017
Table 91: Finnish Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 92: Finnish Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 93: Finnish Transit Insurance – Written Premium (EUR Billion), 2008–2012
Table 94: Finnish Transit Insurance – Written Premium (EUR Billion), 2012–2017
Table 95: Finnish Non-Life Insurance – Direct Marketing Commission Paid (EUR Billion), 2008–2012
Table 96: Finnish Non-Life Insurance – Direct Marketing Commission Paid (EUR Billion), 2012–2017
Table 97: Finnish Non-Life Insurance – Written Premium Through Direct Marketing (EUR Billion), 2008–2012
Table 98: Finnish Non-Life Insurance – Written Premium Through Direct Marketing (EUR Billion), 2012–2017
Table 99: Finnish Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Table 100: Finnish Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Table 101: Finnish Non-Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Table 102: Finnish Non-Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Table 103: Finnish Non-Life Insurance – Bancassurance Commission Paid (EUR Billion), 2008–2012
Table 104: Finnish Non-Life Insurance – Bancassurance Commission Paid (EUR Billion), 2012–2017
Table 105: Finnish Non-Life Insurance – Written Premium Through Bancassurance (EUR Billion), 2008–2012
Table 106: Finnish Non-Life Insurance – Written Premium Through Bancassurance (EUR Billion), 2012–2017
Table 107: Finnish Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Table 108: Finnish Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Table 109: Finnish Non-Life Insurance – Number of Bancassurance Distributors, 2008–2012
Table 110: Finnish Non-Life Insurance – Number of Bancassurance Distributors, 2012–2017
Table 111: Finnish Non-Life Insurance – Commission Paid to Agencies (EUR Billion), 2008–2012
Table 112: Finnish Non-Life Insurance – Commission Paid to Agencies (EUR Billion), 2012–2017
Table 113: Finnish Non-Life Insurance – Written Premium Through Agencies (EUR Billion), 2008–2012
Table 114: Finnish Non-Life Insurance – Written Premium Through Agencies (EUR Billion), 2012–2017
Table 115: Finnish Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2008–2012
Table 116: Finnish Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2012–2017
Table 117: Finnish Non-Life Insurance – Number of Agencies, 2008–2012
Table 118: Finnish Non-Life Insurance – Number of Agencies, 2012–2017
Table 119: Finnish Non-Life Insurance – E-Commerce Commission Paid (EUR Billion), 2008–2012
Table 120: Finnish Non-Life Insurance – E-Commerce Commission Paid (EUR Billion), 2012–2017
Table 121: Finnish Non-Life Insurance – Written Premium Through E-Commerce (EUR Billion), 2008–2012
Table 122: Finnish Non-Life Insurance – Written Premium Through E-Commerce (EUR Billion), 2012–2017
Table 123: Finnish Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2008–2012
Table 124: Finnish Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2012–2017
Table 125: Finnish Non-Life Insurance – Number of E-Commerce Distributors, 2008–2012
Table 126: Finnish Non-Life Insurance – Number of E-Commerce Distributors, 2012–2017
Table 127: Finnish Non-Life Insurance – Commission Paid to Brokers (EUR Billion), 2008–2012
Table 128: Finnish Non-Life Insurance – Commission Paid to Brokers (EUR Billion), 2012–2017
Table 129: Finnish Non-Life Insurance – Written Premium Through Brokers (EUR Billion), 2008–2012
Table 130: Finnish Non-Life Insurance – Written Premium Through Brokers (EUR Billion), 2012–2017
Table 131: Finnish Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2008–2012
Table 132: Finnish Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2012–2017
Table 133: Finnish Non-Life Insurance – Number of Brokers, 2008–2012
Table 134: Finnish Non-Life Insurance – Number of Brokers, 2012–2017
Table 135: Finnish Non-Life Insurance – Commission Paid to Other Channels (EUR Billion), 2008–2012
Table 136: Finnish Non-Life Insurance – Commission Paid to Other Channels (EUR Billion), 2012–2017
Table 137: Finnish Non-Life Insurance – Written Premium Through Other Channels (EUR Billion), 2008–2012
Table 138: Finnish Non-Life Insurance – Written Premium Through Other Channels (EUR Billion), 2012–2017
Table 139: Finnish Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2008–2012
Table 140: Finnish Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2012–2017
Table 141: Finnish Non-Life Insurance – Number of Distributors in Other Channels, 2008–2012
Table 142: Finnish Non-Life Insurance – Number of Distributors in Other Channels, 2012–2017
Table 143: Finnish Reinsurance by Category (EUR Billion), 2008–2012
Table 144: Finnish Reinsurance by Category (US$ Billion), 2008–2012
Table 145: Finnish Reinsurance by Category (EUR Billion), 2012–2017
Table 146: Finnish Reinsurance by Category (US$ Billion), 2012–2017
Table 147: Finnish Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2008–2012
Table 148: Finnish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008–2012
Table 149: Finnish Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2012–2017
Table 150: Finnish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012–2017
Table 151: Finnish Non-Life Insurance – Percentage of Reinsurance Ceded, 2008–2012
Table 152: Finnish Non-Life Insurance – Percentage of Reinsurance Ceded, 2012–2017
Table 153: Finland – Life Insurance Regulatory Framework
Table 154: Finland – Property Insurance Regulatory Framework
Table 155: Finland – Motor Insurance Regulatory Framework
Table 156: Finland – Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft
Table 157: Finland – Minimum Capital Requirements
Table 158: Finland – Insurance Premium Taxation
Table 159: Finland – Corporate Tax Rates for the Financial Year 2013
Table 160: Finnish Non-Life Insurance – Market Shares (%), 2012
Table 161: Pohjola Insurance Ltd, Key Facts
Table 162: Pohjola Insurance Ltd, Key Financials (EUR Million)
Table 163: If P&C Insurance Company Ltd, Key Facts
Table 164: If P&C Insurance Company Ltd, Key Financials (EUR Million)
Table 165: LocalTapiola General Mutual Insurance Company, Key Facts
Table 166: LocalTapiola General Mutual Insurance Company, Key Financials (EUR Million)
Table 167: Fennia Mutual Insurance Company, Key Facts
Table 168: Fennia Mutual Insurance Company, Key Financials (EUR Million)
Table 169: Local Insurance Mutual Company, Key Facts
Table 170: Local Insurance Mutual Company, Key Financials (EUR Billion)
Table 171: A-Insurance Ltd, Key Facts
Table 172: A-Insurance Ltd, Key Financials (EUR Billion)
Table 173: Pohjantähti Mutual Insurance Company, Key Facts
Table 174: Pohjantähti Mutual Insurance Company, Key Financials (EUR Billion)
Table 175: Turva Mutual Insurance Company, Key Facts
Table 176: Turva Mutual Insurance Company, Key Financials (EUR Billion)
Table 177: Aktia Non-Life Insurance Company Ltd, Key Facts
Table 178: Aktia Non-Life Insurance Company Ltd, Key Financials (EUR Billion)
Table 179: Försäkringsaktiebolaget Alandia, Key Facts
Table 180: Försäkringsaktiebolaget Alandia, Key Financials (EUR Billion)

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 Non-Life Insurance – Growth (%), 2007–2016
Figure 6: Nordic Non-Life Insurance – Gross Written Premium (US$ Billion), 2011
Figure 7: Nordic Non-Life Insurance – Premium per Capita (US$), 2011
Figure 8: Nordic Non-Life Insurance – Penetration (% of GDP), 2011 and 2016
Figure 9: Nordic Non-Life Insurance – Gross Written Premium Growth (%), 2007–2016
Figure 10: Nordic Non-Life Insurance – Gross Written Premium per Capita Growth (%), 2007–2016
Figure 11: Nordic Non-Life Insurance – Loss Ratio (%), 2011 and 2016
Figure 12: Nordic Non-Life Insurance – Combined Ratio (%), 2011 and 2016
Figure 13: Nordic Non-Life Insurance – Incurred Losses per Capita (US$), 2011 and 2016
Figure 14: Nordic Non-Life Insurance – Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 15: Nordic Non-Life Insurance – Share of New Business Gross Written Premium for Direct Marketing (%), 2007–2016
Figure 16: Nordic Non-Life Insurance – Share of New Business Gross Written Premium for Bancassurance (%), 2007–2016
Figure 17: Nordic Non-Life Insurance – Share of New Business Gross Written Premium for Agencies (%), 2007–2016
Figure 18: Nordic Non-Life Insurance – Share of New Business Gross Written Premium for Brokers (%), 2007–2016
Figure 19: Nordic Non-Life Insurance – Share of New Business Gross Written Premium for Online Channels (%), 2007–2016
Figure 20: Finnish Insurance – Overall Written Premium by Segment (EUR Billion), 2008–2017
Figure 21: Finnish Insurance – Dynamics by Segment (%), 2008–2017
Figure 22: Finnish Non-Life Insurance – Written Premium by Category (EUR Billion), 2008–2017
Figure 23: Finnish Non-Life Insurance – Written Premium by Category (Percentage Share), 2012 and 2017
Figure 24: Finnish Non-Life Insurance – Dynamics by Category (%), 2008–2017
Figure 25: Finnish Non-Life Insurance – Earned Premium (EUR Billion), 2008–2012
Figure 26: Finnish Non-Life Insurance – Earned Premium (EUR Billion), 2012–2017
Figure 27: Finnish Non-Life Insurance – Paid Claims by Category (EUR Billion), 2008–2017
Figure 28: Finnish Non-Life Insurance – Incurred Loss by Category (EUR Billion), 2008–2017
Figure 29: Finnish Non-Life Insurance – Loss Ratio (%), 2008–2012
Figure 30: Finnish Non-Life Insurance – Loss Ratio (%), 2012–2017
Figure 31: Finnish Non-Life Insurance – Commissions and Expenses (EUR Billion), 2008–2012
Figure 32: Finnish Non-Life Insurance – Commissions and Expenses (EUR Billion), 2012–2017
Figure 33: Finnish Non-Life Insurance – Combined Ratio (%), 2008–2012
Figure 34: Finnish Non-Life Insurance – Combined Ratio (%), 2012–2017
Figure 35: Finnish Non-Life Insurance – Frauds and Crimes (EUR Billion), 2008–2012
Figure 36: Finnish Non-Life Insurance – Frauds and Crimes (EUR Billion), 2012–2017
Figure 37: Finnish Non-Life Insurance – Total Assets (EUR Billion), 2008–2012
Figure 38: Finnish Non-Life Insurance – Total Assets (EUR Billion), 2012–2017
Figure 39: Finnish Non-Life Insurance – Total Investment Income (EUR Billion), 2008–2012
Figure 40: Finnish Non-Life Insurance – Total Investment Income (EUR Billion), 2012–2017
Figure 41: Finnish Non-Life Insurance – Retentions (EUR Billion), 2008–2012
Figure 42: Finnish Non-Life Insurance – Retentions (EUR Billion), 2012–2017
Figure 43: Finnish Non-Life Insurance – Investment Portfolio (EUR Billion), 2008–2012
Figure 44: Finnish Non-Life Insurance – Investment Portfolio (% Share), 2008 and 2012
Figure 45: Finnish Non-Life Insurance – Penetration (% of GDP), 2008–2012
Figure 46: Finnish Non-Life Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 47: Finnish Non-Life Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 48: Finnish Non-Life Insurance – Premium Per Capita (EUR), 2008–2012
Figure 49: Finnish Property Insurance – Written Premium by Sub-Category (EUR Billion), 2008–2017
Figure 50: Finnish Property Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 51: Finnish Property Insurance – Loss Ratio (%), 2008–2012
Figure 52: Finnish Property Insurance – Loss Ratio (%), 2012–2017
Figure 53: Finnish Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 54: Finnish Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 55: Finnish Fire and Allied Perils Insurance – Written Premium (EUR Billion), 2008–2012
Figure 56: Finnish Fire and Allied Perils Insurance – Written Premium (EUR Billion), 2012–2017
Figure 57: Finnish Engineering Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 58: Finnish Engineering Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 59: Finnish Engineering Insurance – Written Premium (EUR Billion), 2008–2012
Figure 60: Finnish Engineering Insurance – Written Premium (EUR Billion), 2012–2017
Figure 61: Finnish Agriculture Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 62: Finnish Agriculture Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 63: Finnish Agriculture Insurance – Written Premium (EUR Billion), 2008–2012
Figure 64: Finnish Agriculture Insurance – Written Premium (EUR Billion), 2012–2017
Figure 65: Finnish Other Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 66: Finnish Other Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 67: Finnish Other Property Insurance – Written Premium (EUR Billion), 2008–2012
Figure 68: Finnish Other Property Insurance – Written Premium (EUR Billion), 2012–2017
Figure 69: Finnish Motor Insurance – Written Premium by Sub-Category (EUR Billion), 2008–2017
Figure 70: Finnish Motor Insurance – Dynamics by Sub-Category, 2008–2017
Figure 71: Finnish Motor Insurance – Loss Ratio (%), 2008–2012
Figure 72: Finnish Motor Insurance – Loss Ratio (%), 2012–2017
Figure 73: Finnish Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 74: Finnish Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 75: Finnish Motor Hull Insurance – Written Premium (EUR Billion), 2008–2012
Figure 76: Finnish Motor Hull Insurance – Written Premium (EUR Billion), 2012–2017
Figure 77: Finnish Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 78: Finnish Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 79: Finnish Motor Third-Party Insurance – Written Premium (EUR Billion), 2008–2012
Figure 80: Finnish Motor Third-Party Insurance – Written Premium (EUR Billion), 2012–2017
Figure 81: Finnish General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 82: Finnish General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 83: Finnish General Third-Party Insurance – Written Premium (EUR Billion), 2008–2012
Figure 84: Finnish General Third-Party Insurance – Written Premium (EUR Billion), 2012–2017
Figure 85: Finnish General Third-Party Insurance – Loss Ratio (%), 2008–2012
Figure 86: Finnish General Third-Party Insurance – Loss Ratio (%), 2012–2017
Figure 87: Finnish Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (EUR Billion), 2008–2017
Figure 88: Finnish Marine, Aviation and Transit Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 89: Finnish Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Figure 90: Finnish Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Figure 91: Finnish Marine Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 92: Finnish Marine Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 93: Finnish Marine Hull Insurance – Written Premium (EUR Billion), 2008–2012
Figure 94: Finnish Marine Hull Insurance – Written Premium (EUR Billion), 2012–2017
Figure 95: Finnish Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 96: Finnish Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 97: Finnish Aviation Insurance – Written Premium (EUR Billion), 2008–2012
Figure 98: Finnish Aviation Insurance – Written Premium (EUR Billion), 2012–2017
Figure 99: Finnish Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 100: Finnish Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 101: Finnish Transit Insurance – Written Premium (EUR Billion), 2008–2012
Figure 102: Finnish Transit Insurance – Written Premium (EUR Billion), 2012–2017
Figure 103: Finnish Non-Life Insurance – Written Premium by Distribution Channel (Percentage Share), 2012 and 2017
Figure 104: Finnish Non-Life Insurance – Direct Marketing Commission Paid (EUR Billion), 2008–2012
Figure 105: Finnish Non-Life Insurance – Direct Marketing Commission Paid (EUR Billion), 2012–2017
Figure 106: Finnish Non-Life Insurance – Written Premium Through Direct Marketing (EUR Billion), 2008–2012
Figure 107: Finnish Non-Life Insurance – Written Premium Through Direct Marketing (EUR Billion), 2012–2017
Figure 108: Finnish Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Figure 109: Finnish Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Figure 110: Finnish Non-Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Figure 111: Finnish Non-Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Figure 112: Finnish Non-Life Insurance – Bancassurance Commission Paid (EUR Billion), 2008–2012
Figure 113: Finnish Non-Life Insurance – Bancassurance Commission Paid (EUR Billion), 2012–2017
Figure 114: Finnish Non-Life Insurance – Written Premium Through Bancassurance (EUR Billion), 2008–2012
Figure 115: Finnish Non-Life Insurance – Written Premium Through Bancassurance (EUR Billion), 2012–2017
Figure 116: Finnish Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Figure 117: Finnish Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Figure 118: Finnish Non-Life Insurance – Number of Bancassurance Distributors, 2008–2012
Figure 119: Finnish Non-Life Insurance – Number of Bancassurance Distributors, 2012–2017
Figure 120: Finnish Non-Life Insurance – Commission Paid to Agencies (EUR Billion), 2008–2012
Figure 121: Finnish Non-Life Insurance – Commission Paid to Agencies (EUR Billion), 2012–2017
Figure 122

Pohjola Insurance Ltd
If P&C Insurance Company Ltd
LocalTapiola General Mutual Insurance Company
Fennia Mutual Insurance Company
Local Insurance Mutual Company
A-Insurance Ltd
Pohjantähti Mutual Insurance Company
Turva Mutual Insurance Company
Aktia Non-Life Insurance Company Ltd
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