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Synopsis
Timetric’s 'Non-Life Insurance in Sweden, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Swedish non-life insurance segment, and a comparison of the Swedish insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Swedish economy and demographics, explains the various types of natural hazard and their impact on the Swedish insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s 'Non-Life Insurance in Sweden, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Swedish non-life insurance segment, including:

- The Swedish non-life insurance segment’s detailed outlook by product category

- A comprehensive overview of the Swedish economy and demographics

- A comparison of the Swedish insurance industry with its regional counterparts

- The various distribution channels in the Swedish non-life insurance segment

- Detailed analysis of natural hazards and their impact on the Swedish insurance industry

- Details of the competitive landscape in the non-life insurance segment in Sweden

- Details of regulatory policy applicable to the Swedish insurance industry

Scope
This report provides a comprehensive analysis of the non-life insurance segment in Sweden:

- It provides historical values for the Swedish non-life insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the Swedish non-life insurance segment, and market forecasts to 2019.

- It profiles the top non-life insurance companies in Sweden, and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Swedish non-life insurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Swedish non-life insurance segment.

- Assess the competitive dynamics in the non-life insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Swedish insurance industry, and their impact on companies and the industry's future.

Key Highlights
- Non-life insurance was the second-largest segment of the Swedish insurance industry in 2014, accounting for 25.3% of the industry’s direct written premium.

- Motor insurance was the second-largest non-life category, accounting for 42.6% of its direct written premium in 2014.

- Agriculture insurance in Sweden is solely provided by private insurers on a voluntary basis; policyholders are not entitled to government subsidies on policy purchases.

- In the presence of high cyber threat, the large card transaction is generating demand for cyber insurance products..

- Bancassurance is an integral part of insurance distribution in Sweden.

- Solvency II, a new regulatory framework for insurers and reinsurers in Europe, came into force on January 1, 2016.

Table Of Contents

Non-Life Insurance in Sweden, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Profitability
4.2.4 Assets and investments
5 Outlook by Category
5.1 Property Insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Claims
5.1.4 Profitability
5.2 Motor Insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Claims
5.2.4 Profitability
5.3 Liability Insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Claims
5.3.4 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Claims
5.4.4 Profitability
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
7 Natural Hazards
7.1 Windstorms
7.2 Flooding
7.3 Wildfire
7.4 Exposure
8 Competitive Landscape
8.1 Leading Companies in the Swedish Non-Life Insurance Market
8.1.1 Länsförsäkringar Sak - company overview
8.1.2 If Skadeförsäkring - company overview
8.1.3 Folksam - company overview
8.1.4 Trygg-Hansa - company overview
8.1.5 Moderna - company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulations
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Motor third-party liability insurance
9.4.2 Workers' compensation insurance
9.4.3 Air carriers and aircraft operators insurance
9.4.4 Professional indemnity insurance for alternative investment fund managers
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors (IAIS)
9.5.2 European Insurance and Occupational Pensions Authority (EIOPA)
9.5.3 Finansinspektionen (FI)
9.6 Non-Admitted Insurance Regulations
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and penalties
9.7 Company Registration and Operations
9.7.1 Types of insurance organization
9.7.2 Establishing a domestic company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margins
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxation
9.8.2 Withholding taxes on premium paid overseas
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution (ADR)
10 Databook
10.1 Premium
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About Timetric
12.1 Contact Timetric
12.2 About Timetric
12.3 Timetric's Services
12.4 Disclaimer

List of Tables
Table 1: Swedish Non-Life Insurance - Key Facts, 2014
Table 2: Swedish Non-Life Insurance - Segment Shares of the Top Insurers, 2014
Table 3: Swedish Government Credit Ratings
Table 4: Swedish Life Expectancy at Birth, 2010-2014
Table 5: Swedish Number of Households, 2011-2014
Table 6: Swedish Non-Life Insurance - Gross Written Premium (SEK Billion and US$ Billion), 2010-2014
Table 7: Swedish Non-Life Insurance - Penetration (%), 2010-2014
Table 8: Swedish Non-Life Insurance - Gross Written Premium (SEK Billion and US$ Billion), 2014-2019
Table 9: Swedish Non-Life Insurance - Penetration (%), 2014-2019
Table 10: Swedish Non-Life Insurance - Premium per Capita (SEK and US$), 2010-2014
Table 11: Swedish Non-Life Insurance - Premium per Capita (SEK and US$), 2014-2019
Table 12: Swedish Non-Life Insurance - Paid Claims (SEK Billion and US$ Billion), 2010-2014
Table 13: Swedish Non-Life Insurance - Paid Claims (SEK Billion and US$ Billion), 2014-2019
Table 14: Swedish Non-Life Insurance - Profitability Ratio (%), 2010-2014
Table 15: Swedish Non-Life Insurance - Profitability Ratio (%), 2014-2019
Table 16: Swedish Non-Life Insurance - Total Assets (SEK Billion and US$ Billion), 2010-2014
Table 17: Swedish Non-Life Insurance - Total Assets (SEK Billion and US$ Billion), 2014-2019
Table 18: Swedish Non-Life Insurance - Total Investment Income (SEK Billion and US$ Billion), 2010-2014
Table 19: Swedish Non-Life Insurance - Total Investment Income (SEK Billion and US$ Billion), 2014-2019
Table 20: Swedish Non-Life Insurance - Investment Portfolio (SEK Billion), 2010-2014
Table 21: Swedish Non-Life Insurance - Investment Portfolio (SEK Billion), 2014-2019
Table 22: Swedish Non-Life Insurance - Direct Written Premium by Category (SEK Billion), 2010-2014
Table 23: Swedish Non-Life Insurance - Direct Written Premium by Category (SEK Billion), 2014-2019
Table 24: Swedish Property Insurance - Direct Written Premium (SEK Billion), 2010-2014
Table 25: Swedish Property Insurance - Direct Written Premium (SEK Billion), 2014-2019
Table 26: Swedish Property Insurance - Gross Claims (SEK Billion and US$ Billion), 2010-2014
Table 27: Swedish Property Insurance - Gross Claims (SEK Billion and US$ Billion), 2014-2019
Table 28: Swedish Property Insurance - Loss Ratio (%), 2010-2014
Table 29: Swedish Property Insurance - Loss Ratio (%), 2014-2019
Table 30: Swedish Motor Insurance - Number of New Vehicle Registration, 2010-2014
Table 31: Swedish Motor Insurance - Direct Written Premium (SEK Billion), 2010-2014
Table 32: Swedish Motor Insurance - Direct Written Premium (SEK Billion), 2014-2019
Table 33: Swedish Motor Insurance - Gross Claims (SEK Billion and US$ Billion), 2010-2014
Table 34: Swedish Motor Insurance - Gross Claims (SEK Billion and US$ Billion), 2014-2019
Table 35: Swedish Motor Insurance - Loss Ratio (%), 2010-2014
Table 36: Swedish Motor Insurance - Loss Ratio (%), 2014-2019
Table 37: Swedish Liability Insurance - Direct Written Premium (SEK Billion), 2010-2014
Table 38: Swedish Liability Insurance - Direct Written Premium (SEK Billion), 2014-2019
Table 39: Swedish Liability Insurance - Gross Claims (SEK Billion and US$ Billion), 2010-2014
Table 40: Swedish Liability Insurance - Gross Claims (SEK Billion and US$ Billion), 2014-2019
Table 41: Swedish Liability Insurance - Loss Ratio (%), 2010-2014
Table 42: Swedish Liability Insurance - Loss Ratio (%), 2014-2019
Table 43: Swedish Marine, Aviation and Transit Insurance - Number of Aircraft, 2010-2014
Table 44: Swedish Marine, Aviation and Transit Insurance - Direct Written Premium (SEK Billion), 2010-2014
Table 45: Swedish Marine, Aviation and Transit Insurance - Direct Written Premium (SEK Billion), 2014-2019
Table 46: Swedish Marine, Aviation and Transit Insurance - Gross Claims (SEK Million and US$ Million), 2010-2014
Table 47: Swedish Marine, Aviation and Transit Insurance - Gross Claims (SEK Million and US$ Million), 2014-2019
Table 48: Swedish Marine, Aviation and Transit Insurance - Loss Ratio (%), 2010-2014
Table 49: Swedish Marine, Aviation and Transit Insurance - Loss Ratio (%), 2014-2019
Table 50: Swedish Average Annual Loss by Hazard
Table 51: Swedish Number of Flood Related Claims and Paid Claims (SEK Million), 2011-2014
Table 52: Swedish Non-Life Insurance - Shares of Top Insurers (%), 2014
Table 53: Länsförsäkringar Sak - Key Facts
Table 54: If Skadeförsäkring - Key Facts
Table 55: Folksam - Key Facts
Table 56: Trygg-Hansa - Key Facts
Table 57: Moderna - Key Facts
Table 58: Sweden - Insurance Regulatory Framework Key Features
Table 59: Sweden - Life Insurance Regulatory Framework
Table 60: Sweden - Property Insurance Regulatory Framework
Table 61: Sweden - Motor Insurance Regulatory Framework
Table 62: Sweden - Liability Insurance Regulatory Framework
Table 63: Sweden - Minimum Coverage for Aircraft Third-Party Liability Per Accident Per Aircraft
Table 64: Sweden - Corporate Tax Rates for the Financial Year 2015
Table 65: Swedish Insurance Industry - Premium, 2010-2014
Table 66: Swedish Insurance Industry - Premium, 2014-2019
Table 67: Swedish Non-Life Insurance - Premium, 2010-2014
Table 68: Swedish Non-Life Insurance - Premium, 2014-2019
Table 69: Swedish Non-Life Insurance - Property Insurance Premium, 2010-2014
Table 70: Swedish Non-Life Insurance - Property Insurance Premium, 2014-2019
Table 71: Swedish Non-Life Insurance - Motor Insurance Premium, 2010-2014
Table 72: Swedish Non-Life Insurance - Motor Insurance Premium, 2014-2019
Table 73: Swedish Non-Life Insurance - Liability Insurance Premium, 2010-2014
Table 74: Swedish Non-Life Insurance - Liability Insurance Premium, 2014-2019
Table 75: Swedish Non-Life Insurance - Marine, Aviation and Transit Insurance Premium, 2010-2014
Table 76: Swedish Non-Life Insurance - Marine, Aviation and Transit Insurance Premium, 2014-2019
Table 77: Swedish Non-Life Insurance - Direct Written Premium by Sub-Category (SEK), 2010-2014
Table 78: Swedish Non-Life Insurance - Direct Written Premium by Sub-Category (SEK), 2014-2019
Table 79: Swedish Non-Life Insurance - Penetration by Sub-Category (%), 2010-2014
Table 80: Swedish Non-Life Insurance - Penetration by Sub-Category (%), 2014-2019
Table 81: Insurance Industry Definitions

List of Figures
Figure 1: Swedish GDP - Contribution by Sector (%), 2014
Figure 2: Swedish Real GDP (SEK Trillion), 2010-2019
Figure 3: SEK - US$ Exchange Rate, 2010-2019
Figure 4: Swedish Consumer Price Inflation, 2010-2019
Figure 5: Swedish Current Account Balance as a Percentage of GDP (%), 2010-2019
Figure 6: Swedish Unemployment Rate, 2010-2019
Figure 7: Swedish Population by Age Group, 1990-2025
Figure 8: Swedish Immigration and Emigration, 2010-2014
Figure 9: Swedish Non-Life Insurance Penetration - Regional Comparison (%), 2014
Figure 10: Swedish Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2014
Figure 11: Swedish Non-Life Insurance - Gross Written Premium (SEK Billion), 2010-2019
Figure 12: Swedish Non-Life Insurance - Penetration (%), 2010-2019
Figure 13: Swedish Non-Life Insurance - Premium per Capita (SEK), 2010-2019
Figure 14: Swedish Non-Life Insurance - Paid Claims (SEK Billion), 2010-2019
Figure 15: Swedish Non-Life Insurance - Total Assets (SEK Billion), 2010-2019
Figure 16: Swedish Non-Life Insurance - Total Investment Income (SEK Billion), 2010-2019
Figure 17: Swedish Non-Life Insurance - Investment Portfolio (SEK Billion), 2010-2019
Figure 18: Swedish Non-Life Insurance - Investment Portfolio Dynamics by Category, 2010-2019
Figure 19: Swedish Non-Life Insurance - Direct Written Premium by Category (SEK Billion), 2010-2019
Figure 20: Swedish Non-Life Insurance - Direct Written Premium Dynamics by Category, 2010-2019
Figure 21: Swedish Property Insurance - Construction Value Output by Category (SEK Billion), 2010-2014
Figure 22: Swedish Property Insurance - Direct Written Premium (SEK Billion), 2010-2019
Figure 23: Swedish Property Insurance - Gross Claims (SEK Billion), 2010-2019
Figure 24: Swedish Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (SEK Billion and %), 2010-2019
Figure 25: Swedish Motor Insurance - Shares (%) of New Vehicle Registrations, 2015
Figure 26: Swedish Motor Insurance - Direct Written Premium (SEK Billion), 2010-2019
Figure 27: Swedish Motor Insurance - Gross Claims (SEK Billion), 2010-2019
Figure 28: Swedish Motor Insurance- Earned Premium, Incurred Loss and Loss Ratio (SEK Billion and %), 2010-2019
Figure 29: Swedish Liability Insurance - Direct Written Premium (SEK Billion), 2010-2019
Figure 30: Swedish Liability Insurance - Gross Claims (SEK Billion), 2010-2019
Figure 31: Swedish Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (SEK Billion and %), 2010-2019
Figure 32: Swedish Marine, Aviation and Transit Insurance - Direct Written Premium (SEK Billion), 2010-2019
Figure 33: Swedish Marine, Aviation and Transit Insurance - Gross Claims (SEK Million), 2010-2019
Figure 34: Swedish Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (SEK Billion and %), 2010-2019
Figure 35: Swedish Frequency of Hazards by Type, 1990-2014
Figure 36: Swedish Non-Life Insurance - Shares of Top Insurers (%), 2014
Figure 37: Sweden - The Three Pillars of Solvency II
Figure 38: Sweden - Insurance Supervision and Control at Various Levels
Figure 39: Sweden - Insurance Regulatory Frameworks for Company Registration and Operation

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