14
Finnish insurance in 2010
Finnish insurance in 2010
Breakdown of gross premiums written by Finnish insurers in 2001-2010
Claims paid by Finnish insurers in 2001-2010
Number of insurers operating in Finland in 1980-2010
80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 100
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
70
80
56565555
5151505153
565757576061
565658
61
656567
697170
676564636363
Foreign insurersNon-life insurersLife insurersPension insurers
Non-life insurance ratios 2001-2010
Non-life insurers' solvency capital in 2001-2010
* Solvency ratio = solvency capital / premiums earned
*131%
*137% *132%
*145%*190%
*134%*130%
*126%
*144%
*149%
Breakdown of non-life business in 2010Total €3,559 million
Fire and other damage to property
Motor liability
Motor vehicle
Workers' compensation
Other accident and health
General liability
Marine, aviation and transport
Legal expenses
Domestic reinsurance
Foreign reinsurance
Other direct insurance
Credit and suretyship
0 100 200 300 400 500 600 700 800 900
786
712
631
532
329
174
110
65
63
62
55
41
€ million
22.1%
20.0%
17.7%
15.0%
9.2%
4.9%
3.1%
1.8%
1.8%
1.7%
1.5%
1,1%
Non-life insurers' market shares in 2010Gross direct premiums written in Finland total €3,418 million
OP Pohjola Group
If P&C
Tapiola Group
Fennia
Local Insurance Group
Pohjantähti
Turva
Aktia Non-Life Insurance
Alandia Group
Others
0 2000
00
4000
00
6000
00
8000
00
1000
000
966,333
849,323
646,701
331,170
325,853
83,787
77,205
66,293
35,289
35,883
€ million
28.3%
24.8%
18.9%
9.7%
9.5%
2.5%
2.3%
1.9%
1.0%
1.1%
Life insurance premiums written in 2001 – 2010
Life insurance assets 2001 – 2010
Breakdown of life business in 2010Total €4,787 million
34.4%
21.1%
19.0%
14.3%
8.3%
0.8%
2.2%
Life insurers' market shares in 2010
Pension insurers' solvency capital in 2001-2010
*20%
*28%
*31%*30%
*28%
*21%
*16%
*23%
*15%
*22%
* Ratio of solvency capital to technical provisions used for solvency calculation
2001 2002 2003 2004 2005 2006 2007 2008 2009 20100
5
10
15
20
25
30
35
40
45
50
55
60
65
0
5
10
15
20
25
30
35
40
45
50
55
60
65
Debt securities
Equity holdings
Property holdings
Loans
Other investments
€ billion € billion
Finnish insurers' investments in 2001-2010at current values
