Finland

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Federation of Finnish Insurance Companies
Web: www.vakes.fi

 

Population, 2011-2015 (1)

Year Population
2011 5,259,250
2012 5,262,930
2013 5,266,114
2014 5,268,799
2015 5,476,922

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

Gross Domestic Product, 2011-2015 (1)

(U.S. $ billions)

Year GDP
2011 $187.6
2012 195.6
2013 195.5
2014 221.5
2015 225.0

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

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Life And Nonlife Insurance Premiums, 2015

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $5,014
Life premiums 22,233
Total premiums $27,246
Percent of total world premiums 0.60%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2016.

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Leading Nonlife Insurance Companies, 2014

 

  Gross written premiums
Company EUR Mn USD Mn
Pohjola  1,219.0 1,617.3
If P&C  1,073.0 1,423.6
LahiTapiola  581.0 770.8
Fennia  513.0 680.6
LahiTapiola Regionals  431.0 571.8
AVakuutus Oy  109.0 144.6
Pohjantahti  102.0 135.3
Turva  102.0 135.3
Folksam  79.0 104.8
Eurooppalainen  58.0 77.0

Source: Axco Insurance Information Services.

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Leading Life Insurance Companies, 2014

 

  Gross written premiums
Company EUR Mn USD Mn
Nordea Life Assurance Finland Ltd. 2,519.0 3,342.0
OP Life Assurance Company Ltd. 1,285.0 1,704.9
Mandatum Life Insurance Company Limited  1,070.0 1,419.6
LahiTapiola Mutual Life Insurance Company  389.0 516.1
Fennia Life Insurance Company Ltd. 153.0 203.0
Aktia Life Insurance Ltd.  126.0 167.2
Sb Life Insurance Ltd. 102.0 135.3
Aurum Investment Insurance Ltd. 71.0 94.2
Kaleva Mutual Insurance Company  61.0 80.9
Suomi Mutual Life Assurance Company  43.0 57.1

Source: Axco Insurance Information Services.

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