Logotype for print

Insurance in Sweden 2018

Protection for the individual - growth for the economy

We are all exposed to risks. It might be the risk of being in a traffic accident or
of a fire in your home. It could be theft or long-term illness. Without insurance,
these events could entail financial disaster. Insurance makes it possible for private
individuals and companies to live and work in economically stable conditions.

The idea of insurance is simple: we share the risks. Through insurance, a household
or a company pays a premium in exchange for compensation by the insurance
company if an accident should occur. A private individual can also buy a life
insurance that pays a given future income, that is a pension, in exchange for
premium payments made today.

This report provides an overall view of insurance in Sweden and describes its
significance for the national economy. The report contains various diagrams on
Swedish insurance based on statistics mainly from Insurance Sweden, Finansinspektionen (the Swedish Financial Supervisory Authority) and Statistics Sweden. They refer, with a few exceptions, to the situation in 2017 or the past ten years.The statistics for the various diagrams are available on Insurance Sweden’s website.

The report is divided into three parts. The first part concerns non-life insuranceand presents for example the number of damages and the amount paid byinsurance companies in the form of compensation for various types of claims.The second part concerns life insurance, for example the amount paid out inpensions. The final part provides an overall description of the Swedish insuranceindustry, including the number of employees, the amount of premiums paid in toinsurance companies and how insurance companies invest their assets.