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Leading non-life insurance companies in Sweden Q3 2020, by market share

The largest non-life insurance company in Sweden as of third quarter 2020 was Länsförsäkringar, which is an insurance federation consisting of 23 mutual insurance companies. The federation had at that time a market share of over 30 percent, and its premium income was 27.5 billion Swedish kroner during that same quarter.

If Skadeförsäkring

  The second largest non-life insurance company at that time was If Skadeförsäkring, with a market share of around 18 percent. The company also operates in the other Nordic countries and its largest market, after the domestic, is Norway. There, If Skadeförsäkring is the second largest non-life insurance company after the Norwegian company Gjensidige.  

Motor insurance in Sweden

  In Sweden, a liability motor insurance is mandatory for every registered car, and most car owners also buy an insurance for vehicle damage. In fact, the largest amount of the aggregated non-life insurance premium income in the country comes from motor vehicle insurance, and amounted to around 11.3 billion Swedish kronor in 2019.

Market share of leading non-life insurance companies in Sweden as of 3rd quarter 2020

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Source

Release date

November 2020

Region

Sweden

Survey time period

Q3 2020

Special properties

Based on premium income

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Statistics on "Non-life insurance market in Scandinavia "

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