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 2020, over 340 insurance companies in Sweden received premiums of approximately SEK 400 billion, employed almost 22,000 people and invested SEK 5,350 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 and there are many foreign insurance companies represented via branches or agencies.
Download the full summary ‑ Insurance services in Sweden (pdf)
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.