Non-life insurance

FIN-FSA publishes supervisory information on the operations of non-life insurance companies. This directory contains data on financial statements, solvency and profitability. Data on investments are available in the directory Investments.

The figures include Finnish insurance companies’ foreign insurance business. Operations of insurance associations and foreign insurance companies in Finland are excluded. Data on the latter are available in the Foreign non-life insurance companies section below.

Data on financial statements and profitability is based on data submitted by companies to the FIN-FSA and prepared in accordance with the Finnish financial statement provisions. As of 1 January 2016, solvency data is based on data prepared in accordance with Solvency II regulation. Solvency data and notes on solvency margin for 2015 and earlier years are based on national legislation.

Data published quarterly:

Solvency data
Profitability data
Investment data

Financial statement data published annually:

Income statement
Balance sheet
Notes on income statement, balance sheet and solvency margin
Non-life insurance companies’ insurance class-specific data

Insurance companies (pdf)

I nsurance classes (pdf)

Non-life insurance

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Premiums written and claims paid in respect of domestic direct insurance

The statistics on domestic direct insurance premiums written and claims paid are based on quarterly data on direct insurance business volumes reported by Finnish non-life insurance companies and If P&C Insurance Ltd, branch in Finland. The data are presented broken down by insurance class.

Profitability of non-life insurance

The financial ratios measuring the profitability of non-life insurance are calculated on the quarterly data of domestic non-life insurance companies.
Profitability ratios are calculated cumulatively from the beginning of the year to the end of the review period in accordance with the FIN-FSA regulations and guidelines on the preparation of accounts and financial statements by non-life insurance companies. The quarterly data is unaudited.

Profitability of non-life insurance (excel)

Solvency of non-life insurance

Solvency indicators for 2015 and earlier years are based on data reported on a quarterly basis by Finnish non-life insurance companies. These indicators are calculated in accordance with the FIN-FSA regulations and guidelines on the preparation of accounts and financial statements by non-life insurance companies. The quarterly data is unaudited.

As of 2016, solvency of non-life insurance companies is calculated in accordance with Solvency II regulation. Solvency data is published on the basis of Solvency II reporting, provided on a quarterly basis by non-life insurance companies from 31 December 2016 onward. The Solvency II data is unaudited.

Solvency II regulation does not require recalculation of the capital requirement on a quarterly basis. End-of-year solvency data is published on the basis of annual reporting, with recalculated capital requirement.

Transition to Solvency II regulation has been facilitated with the transitional provisions included in SII regulation. In addition to the possible use of the transitional measures, the possibility of using a volatility or matching adjustment, included in regulation, has an impact on the comparability of the companies.