Sweden Insurance, Companies & Insurance Quote

The business of insurance in Sweden includes life insurance that plays a significant role. The 1980 financial market has offered enough opportunities to the financial institutions and banks to operate the sector of insurance.

However, the regulatory body is the Financial Supervisory Authority in Sweden. The list of Sweden insurance companies includes life insurance as well as non-life insurance companies and these are determined on the basis of written premiums.

Market status

The life insurance operating companies accounted in 2009 to SEK295 billion. The total assets amounted at 2009 end to SEK 2 308 billion, in comparison to SEK 2 033 billion of 2008. These assets are the largest part of the total life insurance companies, and valued at 2009 end for SEK 1 701 billion.

The net premiums of non-life insurance companies in 2009 end amounted to SEK 68 billion and the total assets amounted to SEK503 billion showing a rise of SEK 22 billion from the 2008 end.

The local non-life insurance net premiums in 2009 was SEK15 billion and the balance sheet to SEK63 million representing an increase of 7 billion than 2008. However, the insurance operations showed a decrease in 2008 by one billion amounting to SEK646 million.

Insurance companies

The Sweden insurance includes major life insurance companies namely, Alecta Insurance, Skandia Liv Insurance, LF Liv Insurance, AMF Pension Insurance, Robur Insurance and Handelsbanken Liv Insurance.

The companies handling non-life insurance in Sweden are some of the major companies namely, AFA Sjuk Insurance, LF Sak Insurance, LF Goteborg Insurance, Trygg Hansa Insurance, LF Stockholm Insurance and AGRIA Insurance.

The advantage of dealing with insurance in Sweden is that the people here are very conscious about life insurance. The large five companies hold nearly 80% insurance assets and the Automobile liability insurance is mandatory in Sweden, similar to workers compensation and nuclear liability.

Sweden is well-known for people’s best welfare and the Swedish government has introduced a new policy stating 85% unemployment insurance for people leaving their jobs for 12 months. Insurance providers in Sweden require minimum medical coverage while on travel and the policy number should appear on the document.

The insurance should cover urgent ambulance transportation, emergency treatment and hospitalization. You can look for appropriate quotes meeting your requirement so that you are truly benefited by the insurance in Sweden