News Insurance services in Sweden – a summary 2020

February 10, 2020

Vinge’s insurance team has written a brief summary of some of the main features of the Swedish regulations affecting foreign insurers with existing or contemplated business activities in Sweden.

There are more insurance companies per inhabitant in Sweden than in any other European country. In 2018, over 300 insurance companies in Sweden generated a premium income of approximately SEK 375 billion, employed almost 21,000 people and invested SEK 4,500 billion in the global economy.

Most of the insurance companies are small non‑life insurance companies. The market is concentrated into a few large groups.

The international presence on the Swedish insurance market has increased in the past ten years. There are approximately 35 foreign insurance companies represented via branches or agencies.

Download the full summary - Insurance services in Sweden (pdf)

Updated in April 2020 regarding Covid-19.

 

The summary covers, among other things:

  • Financial services and investment relations
  • Business requirements for Swedish insurance companies and cross‑border services/branch offices/general agencies 
  • Applicable laws
  • Taxation
  • Regulatory changes – such as implementation of IORP II

Vinge´s Corporate Insurance Practice Group

Vinge’s insurance practice group was founded in 1990, which made Vinge the first law firm in Sweden with an insurance business law specialisation. Vinge’s insurance practice is insurer‑led and is particularly strong in the field of insurance‑related transactions and regulatory work.

 

Contact
Fabian Ekeblad
Partner
fabian.ekeblad@vinge.se

Viveka Classon
Partner
viveka.classon@vinge.se

Per Johan Eckerberg
Partner
perjohan.eckerberg@vinge.se

Insurance law and blockage of the Suez Canal

One of the largest container ships in the world is still blocking the Suez Canal, an event which can have significant global consequences. Even Swedish interested parties such as the Port of Gothenburg may also be affected by the situation. The running aground is a clear reminder of the vulnerability of global transport chains, and sheds light on a number of important insurance issues.
March 29, 2021

Vinge top-ranked by Chambers & Partners within ten practice areas

Vinge would like to thank all the clients who have contributed with their time through the interview processes for Chambers’ annual rankings. We have today received the result, and we are delighted with top rankings in 13 areas and a significant number of individual rankings.
March 19, 2021

Vinge’s Managing Partner Maria-Pia Hope is chosen as one of the most powerful women in Swedish business by Dagens Industri

Maria Pia Hope, Managing Partner at Vinge, stands out as one of the few lawyers on the list when Dagens Industri presents its list of the most powerful women in business.
March 08, 2021