Non-Life Insurance in Finland, Key Trends and Opportunities to 2019
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GlobalData’s 'Non-Life Insurance in Finland, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Finnish non-life insurance segment, and a comparison of the Finnish insurance industry with its regional counterparts.
It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Finnish economy and demographics, explains the various types of natural hazard and their impact on the Finnish insurance industry, and provides detailed information on the competitive landscape in the country.
The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Finland:
• It provides historical values for the Finnish non-life insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
• It offers a detailed analysis of the key categories in the Finnish non-life insurance segment, and market forecasts to 2019.
• It profiles the top non-life insurance companies in Finland, and outlines the key regulations affecting them.
Key Highlights
• The Finnish non-life insurance direct written premium increased at a review-period CAGR of 6.0%.
• Effective from the first quarter of 2014, flood insurance is privatized in Finland.
• A rise in new vehicle sales primarily supported the growth of motor insurance products’ sales during the review period.
• The Finnish Transport Safety Agency (Trafi) and insurers are working together to launch a new service for customers to insure and register the vehicle at the same time.
• In November 2015, the EU Commission proposed the establishment of a European Deposit Insurance Scheme (EDIS) to reduce the public finance risks from banks.
• • Solvency II was implemented on January 1, 2016.
Reasons to Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Finnish non-life insurance segment, and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Finnish non-life insurance segment.
• Assess the competitive dynamics in the non-life insurance segment.
• Identify growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Finnish insurance industry, and their impact on companies and the industry's future.
If P&C Insurance Company Ltd
LocalTapiola General Mutual Insurance Company
LocalTapiola Regionals
Fennia Mutual Insurance Company
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