1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > D&O Insurance in Sweden

D&O Insurance in Sweden

  • December 2014
  • -
  • Finaccord
  • -
  • 21 pages

D&O Insurance in Sweden is about the market for directors' and officers' liability cover in Sweden. In addition to documenting the development of the market value from 2010 to 2014, the report also divides it for the most recent year for three key segmentations: between publicly listed corporate enterprises, unlisted corporate enterprises and other entities (e.g. non-incorporated businesses and the not-for-profit sector); between the financial services sector, the non-financial services sector and the manufacturing / primary sector; and between underwriters based in Sweden itself and underwriters located outside of it.

These unique market splits are based in part on a survey of leading brokers and underwriters of D&O insurance in Sweden. This same survey also identifies the underwriters of this type of cover used by brokers on a regular basis, gives an input into Finaccord's estimates for the market shares of underwriters of D&O insurance, provides a basis for commentary surrounding distribution channels used for this type of cover, informs observations concerning trends in claims by type of insured entity, and guides Finaccord's forecasts for the market value through to 2018.

Table Of Contents

DandO Insurance in Sweden
0.0 EXECUTIVE SUMMARY 1
1.0 INTRODUCTION 3
What is this report about? 3
Rationale 3
Several factors underpin the rationale for the production of a study about DandO insurance 3
Methodology 3
Research program 3
Market data analysis 3
Definitions 4
DandO insurance 4
Policies are usually taken out by companies rather than by company managers… 4
… and typically pay for both defence costs and the damages paid to the claimant 4
DandO insurance can be bought by a variety of different types of entity 4
In Europe, policies typically incorporate Side A and Side B cover but not always Side C cover 4
Stand-alone cover bought for certain specialised risks is excluded from the definition of DandO insurance 5
Premiums 5
Sectors 5
Abbreviations 5
Exchange rates 6
Finaccord 6
2.0 MARKET ANALYSIS 7
Introduction 7
Regulatory background 7
The law relating to company structure was defined most recently by the 'Aktiebolagslagen' of 2006 7
Although not specifically provided for, executive management teams are often set up in large companies 7
Shareholders representing 10% of a company's equity can initiate a lawsuit against the management 8
Number of insurable entities 8
There have been contrasting growth trends in the number of listed and large unlisted enterprises in Sweden 8
Market value, growth and segmentation 9
DandO insurance makes up a relatively high proportion of the Swedish general liability insurance market 9
Moderate growth has occurred in spite of falling premium rates for virtually all client groups 10
Publicly listed companies account for a very clear majority of the DandO insurance market in Sweden… 10
… and financial institutions for over 40% of it 11
Some larger risks are co-insured through underwriting capacity outside of Sweden itself 14
Penetration levels 14
Not all listed companies in Sweden are covered for DandO insurance 14
A total of close to 2,500 corporate enterprises are likely to have taken out DandO cover 14
Underwriter market shares and specialisms 15
At least a dozen underwriters of DandO insurance are active in the Swedish market… 15
… but it is dominated by four of them 16
Länsförsäkringar focuses mainly on providing DandO cover to smaller enterprises… 17
Key brokers and broker specialisms 17
… and is one of the few players selling through distribution channels other than brokers 17
Aon, JLT, Marsh and Willis are likely to account for more than a half of the broker-intermediated market 18
Trends in claims and key risks 18
The Swedish market for DandO insurance has tended to be characterised by low claims ratios 18
Companies active in the US or with international exposures are underwritten most tightly 18
Future outlook 19
Between 2014 and 2018, the Swedish market will make further steady progress 19
3.0 APPENDIX 21
Brokers and insurers participating in the survey 21

LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY 1
Key market data for DandO insurance in Sweden 2
1.0 INTRODUCTION 3
2.0 MARKET ANALYSIS 7
Number of insurable entities segmented by legal structure, size and sector in Sweden, 2014 9
Premiums for DandO insurance and the percentage of the total general liability insurance market that this
represents in Sweden, 2010 and 2014 10
Segmentation of DandO insurance premiums in Sweden between publicly listed corporate enterprises,
unlisted corporate enterprises and other organisations, 2014 11
Segmentation of DandO insurance premiums in Sweden between the financial services sector, the nonfinancial
services sector and the manufacturing / primary sector, 2014 12
Ratio of DandO insurance premiums to gross value added in the financial services sector, the non-financial
services sector and the manufacturing / primary sector in Sweden, 2014 (table) 13
Ratio of DandO insurance premiums to gross value added in the financial services sector, the non-financial
services sector and the manufacturing / primary sector in Sweden, 2014 13
Segmentation of DandO insurance premiums in Sweden between underwriters based in Sweden and
underwriters based abroad, 2014 14
Proportion of publicly listed corporate enterprises and unlisted corporate enterprises with revenues above
EUR 10 million with DandO insurance in Sweden, 2014 15
Frequency of usage of specific insurance underwriters by major brokers of DandO insurance in Sweden,
2014 16
Estimated market shares of DandO insurance premiums of underwriters in Sweden, 2014 17
Segmentation of claims costs between defence costs and other claims costs in Sweden in a typical year
. 19
Forecast premiums for DandO insurance in Sweden, 2018 20
3.0 APPENDIX 21

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Fraud Detection and Prevention Market by Solution, Application Areas, Service, End-User, Vertical - Global Forecast to 2021

Fraud Detection and Prevention Market by Solution, Application Areas, Service, End-User, Vertical - Global Forecast to 2021

  • $ 7150
  • Industry report
  • September 2016
  • by MarketsandMarkets

“Rapid increase in mobile banking will drive the FDP market” The Fraud Detection and Prevention (FDP) market size is estimated to grow from USD 14.36 billion in 2016 to USD 33.19 billion by 2021, at ...

Customer Experience Management Study—Malaysia’s Life Insurance Market, 2015

Customer Experience Management Study—Malaysia’s Life Insurance Market, 2015

  • $ 4950
  • Industry report
  • September 2016
  • by Frost & Sullivan

Benchmarking the Industry Excellence in Delivering Superior Customer Experience Customer experience is the accumulation of customers’ experiences throughout their journey with the supplier, across any ...

Customer Experience Management Study—Malaysia’s Health Insurance Sector 2015

Customer Experience Management Study—Malaysia’s Health Insurance Sector 2015

  • $ 4950
  • Industry report
  • September 2016
  • by Frost & Sullivan

Benchmarking Industry Excellence in Delivering a Superior Customer Experience Customer experience is the accumulation of customers’ experiences throughout their journey with the supplier, across any ...


ref:plp2014

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.