Insurance in Finland 2013-2014
There are 71 insurance companies in Finland in 2014, a decrease from 74 a year ago. As at the end of December 2014, insurance companies in Finland employed 10,877 people, compares to 11,249 at the end of 2013.

In 2014, the total gross written premiums for insurance in Finland is €23.069bn, an increase of €1.277bn or 5.86% compares to €21.792bn in 2013.

The total benefits and claims paid for insurance in Finland in 2014 is €20.110bn, an increase of €0.526bn or 2.69% compares to €19.584bn in 2013.

On a per capita basis, an average of €4,232 was spent on insurance in Finland in 2014, €216 more compares to €4,016 in 2013.

Insurance penetration in Finland increased on average from 10.7% in 2013 to 11.2% in 2014.

Finland insurers total investment portfolio has decrease from €154.897bn in 2013 to €136.674bn in 2014, a decrease of €18.223bn or 11.76%.

**Life Insurance**

In 2014, the total gross written premiums for life insurance in Finland is €18.664bn, an increase of €0.959bn or 5.42% compares to €17.705bn in 2013.

The total benefits paid for life insurance in Finland in 2014 is €17.273bn, an increase of €0.543bn or 3.25% compares to €16.730bn in 2013.

On a per capita basis, an average of €3,424 was spent on life insurance in Finland in 2014, €161 more compares to €3,263 in 2013.

Life insurance penetration in Finland increased on average from 8.7% in 2013 to 9.1% in 2014.

Finland life insurers total investment portfolio has decrease from €141.592bn in 2013 to €122.709bn in 2014, a decrease of €18.883bn or 13.34%.

**Non-Life Insurance**

In 2014, the total gross written premiums for non-life insurance in Finland is €4.405bn, an increase of €0.318bn or 7.78% compares to €4.087bn in 2013.

The total claims paid for non-life insurance in Finland in 2014 is €3.278bn, an increase of €0.328bn or 11.12% compares to €2.950bn in 2013.

On a per capita basis, an average of €808 was spent on non-life insurance in Finland in 2014, €55 more compares to €753 in 2013.

Non-Life insurance penetration in Finland increased on average from 2.0% in 2013 to 2.1% in 2014.

Finland non-life insurers total investment portfolio has increase from €13.305bn in 2013 to €13.965bn in 2014, an increase of €0.66bn or 4.96%.

**Motor Insurance**

In 2014, the total gross written premiums for motor insurance in Finland is €1.625bn, an increase of €0.079bn or 5.11% compares to €1.546bn in 2013.

The total claims paid for motor insurance in Finland in 2014 is €1,183mn, an increase of €93mn or 8.53% compares to €1,090mn in 2013.

On a per capita basis, an average of €298 was spent on motor insurance in Finland in 2014, €13 more compares to €285 in 2013.

Motor insurance penetration in Finland on average is 0.8% in 2014, similar to 2013.

**Property Insurance**

In 2014, the total gross written premiums for property insurance in Finland is €1,001mn, an increase of €48mn or 5.04% compares to €953mn in 2013.

The total claims paid for property insurance in Finland in 2014 is €647mn, a decrease of €27mn or 4.01% compares to €674mn in 2013.

On a per capita basis, an average of €184 was spent on property insurance in Finland in 2014 compares to €176 in 2013.

Property insurance penetration in Finland on average is 0.5% in 2014, similar to 2013.

Insurance in Finland 2012-2013
There are 74 insurance companies in Finland in 2013, an increase from 68 a year ago. As at the end of December 2013, insurance companies in Finland employed 11,249 people, compares to 10,866 at the end of 2012.

In 2013, the total gross written premiums for insurance in Finland is €21.783bn, an increase of €1.929bn or 9.72% compares to €19.854bn in 2012.

The total benefits and claims paid for insurance in Finland in 2013 is €19.584bn, an increase of €0.934bn or 5.01% compares to €18.650bn in 2012.

On a per capita basis, an average of €4,014 was spent on insurance in Finland in 2013, €338 more compares to €3,676 in 2012.

Insurance penetration in Finland increased on average from 10.31% in 2012 to 11.26% in 2013.

Finland insurers total investment portfolio has increase from €123.860bn in 2012 to €131.734bn in 2013, an increase of €7.874bn or 6.36%.

**Life Insurance**

In 2013, the total gross written premiums for life insurance in Finland is €17.705bn, an increase of €1.666bn or 10.39% compares to €16.039bn in 2012.

The total benefits paid for life insurance in Finland in 2013 is €16.730bn, an increase of €0.799bn or 5.02% compares to €15.931bn in 2012.

On a per capita basis, an average of €3,262 was spent on life insurance in Finland in 2013, €292 more compares to €2,970 in 2012.

Life insurance penetration in Finland increased on average from 8.33% in 2012 to 9.15% in 2013.

Finland life insurers total investment portfolio has increase from €111.355bn in 2012 to €118.429bn in 2013, an increase of €7.074bn or 6.35%.

**Non-Life Insurance**

In 2013, the total gross written premiums for non-life insurance in Finland is €4.078bn, an increase of €0.263bn or 6.89% compares to €3.815bn in 2012.

The total claims paid for non-life insurance in Finland in 2013 is €2.854bn, an increase of €0.135bn or 4.97% compares to €2.719bn in 2012.

On a per capita basis, an average of €751 was spent on non-life insurance in Finland in 2013, €54 more compares to €706 in 2012.

Non-Life insurance penetration in Finland increased on average from 1.98% in 2012 to 2.11% in 2013.

Finland non-life insurers total investment portfolio has increase from €12.505bn in 2012 to €13.305bn in 2013, an increase of €0.8bn or 6.40%

**Motor Insurance**

In 2013, the total gross written premiums for motor insurance in Finland is €1.546bn, an increase of €0.087bn or 5.96% compares to €1.459bn in 2012.

The total claims paid for motor insurance in Finland in 2013 is €1,031mn, an increase of €82mn or 8.64% compares to €949mn in 2012.

On a per capita basis, an average of €285 was spent on motor insurance in Finland in 2013, €15 more compares to €270 in 2012.

Motor insurance penetration in Finland increased on average from 0.76% in 2012 to 0.80% in 2013.

**Health Insurance**

In 2013, the total gross written premiums for health insurance in Finland is €277mn, an increase of €41mn or 17.37% compares to €236mn in 2012.

The total benefits paid for health insurance in Finland in 2013 is €215mn, an increase of €3mn or 1.42% compares to €212mn in 2012.

On a per capita basis, an average of €51 was spent on health insurance in Finland in 2013, €7 more compares to €44 in 2012.

Health insurance penetration in Finland increased on average from 0.12% in 2012 to 0.14% in 2013.

**Property Insurance**

In 2013, the total gross written premiums for property insurance in Finland is €953mn, an increase of €79mn or 9.04% compares to €874mn in 2012.

The total claims paid for property insurance in Finland in 2013 is €635mn, an increase of €23mn or 3.76% compares to €612mn in 2012.

On a per capita basis, an average of €176 was spent on property insurance in Finland in 2013 compares to €162 in 2012.

Property insurance penetration in Finland increased on average from 0.45% in 2012 to 0.49% in 2013.

Insurance in Finland 2011-2012
There are 68 insurance companies in Finland in 2012, an increase from 64 a year ago. As at the end of December 2012, insurance companies in Finland employed 10,866 people, compares to 10,676 at the end of 2011.

In 2012, the total gross written premiums for insurance in Finland is €19.854bn, an increase of €1.709bn or 9.42% compares to €18.145bn in 2011.

The total benefits and claims paid for insurance in Finland in 2012 is €18.650bn, an increase of €1.266bn or 7.28% compares to €17.384bn in 2011.

On a per capita basis, an average of €3,676 was spent on insurance in Finland in 2012, €300 more compares to €3,376 in 2011.

Insurance penetration in Finland increased on average from 9.58% in 2011 to 10.31% in 2012.

Finland insurers total investment portfolio has increase from €117.984bn in 2011 to €123.860bn in 2012, an increase of €5.876bn or 4.98%.

**Life Insurance**

In 2012, the total gross written premiums for life insurance in Finland is €16.039bn, an increase of €1.504bn or 10.35% compares to €14.535bn in 2011.

The total benefits paid for life insurance in Finland in 2012 is €15.931bn, an increase of €1.102bn or 7.43% compares to €14.829bn in 2011.

On a per capita basis, an average of €2,970 was spent on life insurance in Finland in 2012, €266 more compares to €2,704 in 2011.

Life insurance penetration in Finland increased on average from 7.68% in 2011 to 8.33% in 2012.

Finland life insurers total investment portfolio has increase from €106.292bn in 2011 to €111.355bn in 2012, an increase of €5.063bn or 4.76%.

**Non-Life Insurance**

In 2012, the total gross written premiums for non-life insurance in Finland is €3.815bn, an increase of €0.205bn or 5.68% compares to €3.610bn in 2011.

The total claims paid for non-life insurance in Finland in 2012 is €2.719bn, an increase of €0.164bn or 6.42% compares to €2.555bn in 2011.

On a per capita basis, an average of €706 was spent on non-life insurance in Finland in 2012, €34 more compares to €672 in 2011.

Non-Life insurance penetration in Finland increased on average from 1.91% in 2011 to 1.98% in 2012.

Finland non-life insurers total investment portfolio has increase from €11.692bn in 2011 to €12.505bn in 2012, an increase of €0.813bn or 6.95%.

**Motor Insurance**

In 2012, the total gross written premiums for motor insurance in Finland is €1.459bn, an increase of €0.07bn or 5.04% compares to €1.389bn in 2011.

The total claims paid for motor insurance in Finland in 2012 is €949mn, an increase of €35mn or 3.83% compares to €914mn in 2011.

On a per capita basis, an average of €270 was spent on motor insurance in Finland in 2012, €12 more compares to €258 in 2011.

Motor insurance penetration in Finland increased on average from 0.73% in 2011 to 0.76% in 2012.

**Health Insurance**

In 2012, the total gross written premiums for health insurance in Finland is €236mn, an increase of €18mn or 8.26% compares to €218mn in 2011.

The total benefits paid for health insurance in Finland in 2012 is €187mn, an increase of €17mn or 10% compares to €170mn in 2011.

On a per capita basis, an average of €44 was spent on health insurance in Finland in 2012, €3 more compares to €41 in 2011.

Health insurance penetration in Finland in 2012 remained the same as in 2011, stood at 0.12%.

**Property Insurance**

In 2012, the total gross written premiums for property insurance in Finland is €874mn, an increase of €45mn or 5.43% compares to €829mn in 2011.

The total claims paid for property insurance in Finland in 2012 is €612mn, an increase of €36mn or 6.25% compares to €576mn in 2011.

On a per capita basis, an average of €162 was spent on property insurance in Finland in 2012 compares to €154 in 2011.

Property insurance penetration in Finland increased on average from 0.44% in 2011 to 0.45% in 2012.

Insurance in Finland 2010-2011
There are 64 insurance companies in Finland in 2011, an increase from 63 a year ago. As at the end of December 2011, insurance companies in Finland employed 10,676 people, compares to 10,472 at the end of 2010.

In 2011, the total gross written premiums for insurance in Finland is €18.145bn, a decrease of €0.486bn or 2.61% compares to €18.631bn in 2010.

The total benefits and claims paid for insurance in Finland in 2011 is €17.384bn, an increase of €0.623bn or 3.72% compares to €16.761bn in 2010.

On a per capita basis, an average of €3,376 was spent on insurance in Finland in 2011, €106 less or 3.04% decreased compares to €3,482 in 2010.

Insurance penetration in Finland decreased on average from 10.42% in 2010 to 9.58% in 2011.

Finland insurers total investment portfolio has decrease from €123.681bn in 2010 to €117.984bn in 2011, a decrease of €5.679bn or 4.61%.

**Life Insurance**

In 2011, the total gross written premiums for life insurance in Finland is €14.535bn, a decrease of €0.687bn or 4.51% compares to €15.222bn in 2010.

The total benefits paid for life insurance in Finland in 2011 is €14.829bn, an increase of €0.498bn or 3.47% compares to €14.331bn in 2010.

On a per capita basis, an average of €2,704 was spent on life insurance in Finland in 2011, €141 less compares to €2,845 in 2010.

Life insurance penetration in Finland decreased on average from 8.51% in 2010 to 7.68% in 2011.

Finland life insurers total investment portfolio has decrease from €111.969bn in 2010 to €106.292bn in 2011, a decrease of €5.677bn or 5.07%.

**Non-Life Insurance**

In 2011, the total gross written premiums for non-life insurance in Finland is €3.610bn, an increase of €0.201bn or 5.90% compares to €3.409bn in 2010.

The total claims paid for non-life insurance in Finland in 2011 is €2.555bn, an increase of €0.125bn or 5.15% compares to €2.430bn in 2010.

On a per capita basis, an average of €672 was spent on non-life insurance in Finland in 2011, €35 more compares to €637 in 2010.

Non-Life insurance penetration in Finland remained the same as of 2010, at 1.91% on average in 2011.

Finland non-life insurers total investment portfolio has decrease from €11.712bn in 2010 to €11.692bn in 2011, a decrease of €0.02bn or 0.17%.

**Motor Insurance**

In 2011, the total gross written premiums for motor insurance in Finland is €1.389bn, an increase of €0.056bn or 4.20% compares to €1.333bn in 2010.

The total claims paid for motor insurance in Finland in 2011 is €914mn, an increase of €34mn or 3.86% compares to €880mn in 2010.

On a per capita basis, an average of €258 was spent on motor insurance in Finland in 2011, €9 more compares to €249 in 2010.

Motor insurance penetration in Finland decreased on average from 0.75% in 2010 to 0.73% in 2011.

**Health Insurance**

In 2011, the total gross written premiums for health insurance in Finland is €218mn, an increase of €21mn or 10.70% compares to €197mn in 2010.

The total benefits paid for health insurance in Finland in 2011 is €170mn, an increase of €8mn or 4.94% compares to €162mn in 2010.

On a per capita basis, an average of €41 was spent on health insurance in Finland in 2011, €4 more compares to €37 in 2010.

Health insurance penetration in Finland increased on average from 0.11% in 2010 to 0.12% in 2011.

**Property Insurance**

In 2011, the total gross written premiums for property insurance in Finland is €829mn, an increase of €50mn or 6.42% compares to €779mn in 2010.

The total claims paid for property insurance in Finland in 2011 is €576mn, an increase of €44mn or 8.27% compares to €532mn in 2010.

On a per capita basis, an average of €154 was spent on property insurance in Finland in 2011 compares to €146 in 2010.

Property insurance penetration in Finland remained the same as of 2010, at 0.44% on average in 2011.

Insurance in Finland 2009-2010
There are 63 insurance companies in Finland in 2010. As at the end of December 2010, insurance companies in Finland employed 10,472 people, compares to 10,563 at the end of 2009.

In 2010, the total gross written premiums for insurance in Finland is €18.631bn, an increase of €2.45bn or 15.14% compares to € 16.181bn in 2009.

The total benefits and claims paid for insurance in Finland in 2010 is €16.761bn, an increase of €2.026bn or 13.75% compares to €14.735bn in 2009.

On a per capita basis, an average of €3,482 was spent on insurance in Finland in 2010, €443 more or 14.78% increased compares to €3,039 in 2009.

Insurance penetration in Finland increased on average from 9.39% in 2009 to 10.42% in 2010.

Finland insurers total investment portfolio has increase from €113.750bn in 2009 to €123.681bn in 2010, an increase of €9.931bn or 8.73%.

**Life Insurance**

In 2010, the total gross written premiums for life insurance in Finland is €15.222bn, an increase of €2.369bn or 18.43% compares to €12.853bn in 2009.

The total benefits paid for life insurance in Finland in 2010 is €14.331bn, an increase of €1.825bn or 14.59% compares to €12.506bn in 2009.

On a per capita basis, an average of €2,845 was spent on life insurance in Finland in 2010, €441 more compares to €2,413 in 2009.

Life insurance penetration in Finland increased on average from 7.46% in 2009 to 8.51% in 2010.

Finland life insurers total investment portfolio has increase from €102.442bn in 2009 to €111.969bn in 2010, an increase of €9.527bn or 9.3%.

**Non-Life Insurance**

In 2010, the total gross written premiums for non-life insurance in Finland is €3.409bn, an increase of €0.081bn or 2.43% compares to €3.328bn in 2009.

The total claims paid for non-life insurance in Finland in 2010 is €2.430bn, an increase of €0.201bn or 9.02% compares to €2.229bn in 2009.

On a per capita basis, an average of €637 was spent on non-life insurance in Finland in 2010, €12 more compares to €625 in 2009.

Non-Life insurance penetration in Finland decreased on average from 1.93% in 2009 to 1.91% in 2010.

Finland non-life insurers total investment portfolio has increase from €11.308bn in 2009 to €11.712bn in 2010, an increase of €0.404bn or 3.57%.

**Motor Insurance**

In 2010, the total gross written premiums for motor insurance in Finland is €1.333bn, an increase of €0.033bn or 2.54% compares to €1.300bn in 2009.

The total claims paid for motor insurance in Finland in 2010 is €880mn, an increase of €75mn or 9.32% compares to €805mn in 2009.

On a per capita basis, an average of €249 was spent on motor insurance in Finland in 2010, €5 more compares to €244 in 2009.

Motor insurance penetration in Finland decreased on average from 0.754% in 2009 to 0.745% in 2010.

**Health Insurance**

In 2010, the total gross written premiums for health insurance in Finland is €197mn, an increase of €21mn or 11.93% compares to €176mn in 2009.

The total benefits paid for health insurance in Finland in 2010 is €162mn, an increase of €6mn or 3.85% compares to €156mn in 2009.

On a per capita basis, an average of €37 was spent on health insurance in Finland in 2010, €4 more compares to €33 in 2009.

Health insurance penetration in Finland increased on average from 0.10% in 2009 to 0.11% in 2010.

**Property Insurance**

In 2010, the total gross written premiums for property insurance in Finland is €779mn, an increase of €17mn or 2.23% compares to €762mn in 2009.

The total claims paid for property insurance in Finland in 2010 is €532mn, an increase of €86mn or 19.28% compares to €446mn in 2009.

On a per capita basis, an average of €146 was spent on property insurance in Finland in 2010 compares to €143 in 2009.

Property insurance penetration in Finland decreased on average from 0.44% in 2009 to 0.436% in 2010.

**Other Non-Life Insurance**

In 2010, the total gross written premiums for other non-life insurance in Finland is €1.108bn, a decrease of €0.018bn or 1.65% compares to €1.090bn in 2009.

On a per capita basis, an average of €206 was spent on other non-life insurance in Finland in 2010, €2 more compares to €204 in 2009.

Other non-life insurance penetration in Finland increased on average from 0.63% in 2009 to 0.61% in 2010.

Insurance in Finland 2008-2009
There are 63 insurance companies in Finland in 2009. As at the end of December 2009, insurance companies in Finland employed 10,556 people, compares to 10,810 at the end of 2008.

In 2009, the total gross written premiums for insurance in Finland is €16.182bn, an increase of €0.382bn or 2.42% compares to €15.800bn in 2008.

The total benefits and claims paid for insurance in Finland in 2009 is €14.735bn, an increase of €0.226bn or 1.56% compares to €14.509bn in 2008.

On a per capita basis, an average of €3,035 was spent on insurance in Finland in 2009, €61 more or 2.05% increased compares to €2,974 in 2008.

Insurance penetration in Finland increased on average from 8.55% in 2008 to 9.21% in 2009.

Finland insurers total investment portfolio has increase from €98.162bn in 2008 to €113.750bn in 2009, an increase of €15.588bn or 15.88%.

**Life Insurance**

In 2009, the total gross written premiums for life insurance in Finland is €12.853bn, an increase of €0.305bn or 2.43% compares to €12.548bn in 2008.

The total benefits paid for life insurance in Finland in 2009 is €12.506bn, an increase of €0.241bn or 1.96% compares to €12.265bn in 2008.

On a per capita basis, an average of €2,411 was spent on life insurance in Finland in 2009, €49 more compares to €2,362 in 2008.

Life insurance penetration in Finland increased on average from 6.79% in 2008 to 7.31% in 2009.

Finland life insurers total investment portfolio has increase from €87.976bn in 2008 to €102.442bn in 2009, an increase of €14.466bn or 16.44%.

**Non-Life Insurance**

In 2009, the total gross written premiums for non-life insurance in Finland is €3.329bn, an increase of €0.077bn or 2.37% compares to €3.252bn in 2008.

The total claims paid for non-life insurance in Finland in 2009 is €2.229bn, a decrease of €0.015bn or 0.67% compares to €2.244bn in 2008.

On a per capita basis, an average of €624 was spent on non-life insurance in Finland in 2009, €12 less compares to €612 in 2008.

Non-Life insurance penetration in Finland increased on average from 1.76% in 2008 to 1.89% in 2009.

Finland non-life insurers total investment portfolio has increase from €10.186bn in 2008 to €11.308bn in 2009, an increase of €1.122bn or 11.02%.

**Motor Insurance**

In 2009, the total gross written premiums for motor insurance in Finland is €1.300bn, an increase of €0.056bn or 4.5% compares to €1.244bn in 2008.

The total claims paid for motor insurance in Finland in 2009 is €805mn, a decrease of €10mn or 1.23% compares to €815mn in 2008.

On a per capita basis, an average of €244 was spent on motor insurance in Finland in 2009, €10 more compares to €234 in 2008.

Motor insurance penetration in Finland increased on average from 0.67% in 2008 to 0.74% in 2009.

**Health Insurance**

In 2009, the total gross written premiums for health insurance in Finland is €176mn, an increase of €15mn or 9.32% compares to €161mn in 2008.

The total benefits paid for health insurance in Finland in 2009 is €156mn, an increase of €16mn or 11.43% compares to €140mn in 2008.

On a per capita basis, an average of €33 was spent on health insurance in Finland in 2009 compares to €30 in 2008.

Health insurance penetration in Finland increased on average from 0.087% in 2008 to 0.10% in 2009.

**Property Insurance**

In 2009, the total gross written premiums for property insurance in Finland is €762mn, an increase of €41mn or 5.69% compares to €721mn in 2008.

The total claims paid for property insurance in Finland in 2009 is €446mn, an increase of €2mn or 0.45% compares to €444mn in 2008.

On a per capita basis, an average of €143 was spent on property insurance in Finland in 2009 compares to €136 in 2008.

Property insurance penetration in Finland increased on average from 0.39% in 2008 to 0.43% in 2009.

**Other Non-Life Insurance**

In 2009, the total gross written premiums for other non-life insurance in Finland is €1.091bn, a decrease of €0.035bn or 3.11% compares to €1.126bn in 2008.

On a per capita basis, an average of €205 was spent on other non-life insurance in Finland in 2009, €7 less compares to €212 in 2008.

Other non-life insurance penetration in Finland increased on average from 0.61% in 2008 to 0.62% in 2009.