Sweden
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Population & Scope
Population & Scope Statistical population Statistical populationGeneral remarks:
There is a lag of more than one year for data on premiums written abroad, so no data is available for the reporting year. Data for the year before the reporting year may be available. It should noticed that a considerable part of business (about 15 % for both life and non-life) written in the European Economic Area is written not through branches but under the freedom of provision of services (cross-border).
Definition of foreign-controlled companies:
At least 50 per cent of the shares are under ultimate foreign control.
1.1 Insurance business written in the reporting country:
No reliable information is available as regards branches and agencies of foreign reinsurance undertakings. They are, however, believed to concentrate on non-life reinsurance, so their life reinsurance premiums written have been approximated by 0.
1.1.3 Life insurance payments, by class, gross premiums:
In Sweden, annuities can be unit-linked contracts. It has been difficult to classify premiums ceded by category of product, but the total in itself indicates a low number.
1.1.4 Non-life insurance payments, by class, gross premiums:
a) As regards treaty reinsurance accepted, premiums written by branches or agencies of foreign reinsurers have not been included.
b) Accident and health insurance excludes employers’ no-fault insurance.
1.5 Insurance business written abroad by branches, gross premiums:
There is only some information on direct business for non-life branches and agencies of domestic insurers. There is no corresponding information on the subsidiaries.
2.1 Number of companies:
The non-life figures exclude approximately 100 small local mutual insurers, whose estimated share of the non-life market was below 0.05 per cent (2016 data). Statistics concerning branches of insurance undertakings with their head office in another EEA Member State are delayed by up to one year, but may be available for the year before the reporting year. There was no reinsurance undertaking in 2017.
2.2 Number of employees:
Statistics does not exclude part-time employed. There has been a slow decrease compared with 2015, due to measures to lower costs, use modern technology, and increase efficiency. The number of intermediaries includes only employees of insurance intermediary undertakings, excluding staff.
Balance Sheet and Income Statement for Direct Insurers:
The basis for “Minimum Required Capital” refers to the Solvency Capital Requirement for undertakings following Solvency II rules and similar for other insurance undertakings following Solvency I requirements.
There is a lag of more than one year for data on premiums written abroad, so no data is available for the reporting year. Data for the year before the reporting year may be available. It should noticed that a considerable part of business (about 15 % for both life and non-life) written in the European Economic Area is written not through branches but under the freedom of provision of services (cross-border).
Definition of foreign-controlled companies:
At least 50 per cent of the shares are under ultimate foreign control.
1.1 Insurance business written in the reporting country:
No reliable information is available as regards branches and agencies of foreign reinsurance undertakings. They are, however, believed to concentrate on non-life reinsurance, so their life reinsurance premiums written have been approximated by 0.
1.1.3 Life insurance payments, by class, gross premiums:
In Sweden, annuities can be unit-linked contracts. It has been difficult to classify premiums ceded by category of product, but the total in itself indicates a low number.
1.1.4 Non-life insurance payments, by class, gross premiums:
a) As regards treaty reinsurance accepted, premiums written by branches or agencies of foreign reinsurers have not been included.
b) Accident and health insurance excludes employers’ no-fault insurance.
1.5 Insurance business written abroad by branches, gross premiums:
There is only some information on direct business for non-life branches and agencies of domestic insurers. There is no corresponding information on the subsidiaries.
2.1 Number of companies:
The non-life figures exclude approximately 100 small local mutual insurers, whose estimated share of the non-life market was below 0.05 per cent (2016 data). Statistics concerning branches of insurance undertakings with their head office in another EEA Member State are delayed by up to one year, but may be available for the year before the reporting year. There was no reinsurance undertaking in 2017.
2.2 Number of employees:
Statistics does not exclude part-time employed. There has been a slow decrease compared with 2015, due to measures to lower costs, use modern technology, and increase efficiency. The number of intermediaries includes only employees of insurance intermediary undertakings, excluding staff.
Balance Sheet and Income Statement for Direct Insurers:
The basis for “Minimum Required Capital” refers to the Solvency Capital Requirement for undertakings following Solvency II rules and similar for other insurance undertakings following Solvency I requirements.
General remarks:
There is a lag of more than one year for data on premiums written abroad, so no data is available for the reporting year. Data for the year before the reporting year may be available. It should noticed that a considerable part of business (about 15 % for both life and non-life) written in the European Economic Area is written not through branches but under the freedom of provision of services (cross-border).
Definition of foreign-controlled companies:
At least 50 per cent of the shares are under ultimate foreign control.
1.1 Insurance business written in the reporting country:
No reliable information is available as regards branches and agencies of foreign reinsurance undertakings. They are, however, believed to concentrate on non-life reinsurance, so their life reinsurance premiums written have been approximated by 0.
1.1.3 Life insurance payments, by class, gross premiums:
In Sweden, annuities can be unit-linked contracts. It has been difficult to classify premiums ceded by category of product, but the total in itself indicates a low number.
1.1.4 Non-life insurance payments, by class, gross premiums:
a) As regards treaty reinsurance accepted, premiums written by branches or agencies of foreign reinsurers have not been included.
b) Accident and health insurance excludes employers’ no-fault insurance.
1.5 Insurance business written abroad by branches, gross premiums:
There is only some information on direct business for non-life branches and agencies of domestic insurers. There is no corresponding information on the subsidiaries.
2.1 Number of companies:
The non-life figures exclude approximately 100 small local mutual insurers, whose estimated share of the non-life market was below 0.05 per cent (2016 data). Statistics concerning branches of insurance undertakings with their head office in another EEA Member State are delayed by up to one year, but may be available for the year before the reporting year. There was no reinsurance undertaking in 2017.
2.2 Number of employees:
Statistics does not exclude part-time employed. There has been a slow decrease compared with 2015, due to measures to lower costs, use modern technology, and increase efficiency. The number of intermediaries includes only employees of insurance intermediary undertakings, excluding staff.
Balance Sheet and Income Statement for Direct Insurers:
The basis for “Minimum Required Capital” refers to the Solvency Capital Requirement for undertakings following Solvency II rules and similar for other insurance undertakings following Solvency I requirements.
There is a lag of more than one year for data on premiums written abroad, so no data is available for the reporting year. Data for the year before the reporting year may be available. It should noticed that a considerable part of business (about 15 % for both life and non-life) written in the European Economic Area is written not through branches but under the freedom of provision of services (cross-border).
Definition of foreign-controlled companies:
At least 50 per cent of the shares are under ultimate foreign control.
1.1 Insurance business written in the reporting country:
No reliable information is available as regards branches and agencies of foreign reinsurance undertakings. They are, however, believed to concentrate on non-life reinsurance, so their life reinsurance premiums written have been approximated by 0.
1.1.3 Life insurance payments, by class, gross premiums:
In Sweden, annuities can be unit-linked contracts. It has been difficult to classify premiums ceded by category of product, but the total in itself indicates a low number.
1.1.4 Non-life insurance payments, by class, gross premiums:
a) As regards treaty reinsurance accepted, premiums written by branches or agencies of foreign reinsurers have not been included.
b) Accident and health insurance excludes employers’ no-fault insurance.
1.5 Insurance business written abroad by branches, gross premiums:
There is only some information on direct business for non-life branches and agencies of domestic insurers. There is no corresponding information on the subsidiaries.
2.1 Number of companies:
The non-life figures exclude approximately 100 small local mutual insurers, whose estimated share of the non-life market was below 0.05 per cent (2016 data). Statistics concerning branches of insurance undertakings with their head office in another EEA Member State are delayed by up to one year, but may be available for the year before the reporting year. There was no reinsurance undertaking in 2017.
2.2 Number of employees:
Statistics does not exclude part-time employed. There has been a slow decrease compared with 2015, due to measures to lower costs, use modern technology, and increase efficiency. The number of intermediaries includes only employees of insurance intermediary undertakings, excluding staff.
Balance Sheet and Income Statement for Direct Insurers:
The basis for “Minimum Required Capital” refers to the Solvency Capital Requirement for undertakings following Solvency II rules and similar for other insurance undertakings following Solvency I requirements.