Try our corporate solution for free!
(212) 419-8286

Loss ratio of non-life insurance in Finland 2019, by type

In the non-life insurance sector in Finland in 2019, the loss ratio was highest for the insurance category workers’ compensation, 119.9 percent. In Finland, workers’ compensation is part of the social security system, and all employees are covered. In 2019, the premiums written for this insurance type was 584 million euros. Loss ratio is a measure used in the insurance sector to help gauge the profitability of a company and represents the ratio between the claims paid out and total premiums earned.

Largest insurance companies in Finland

   Which is the largest insurance company in Finland? There are mainly four larger companies operating on the non-life insurance market in Finland, which together cover more than 90 percent of the total market. The largest of these is OP Group, which had around a third of the market share in 2019. The other three large ones are LocalTapiola Group, the Finnish branch of the Swedish If P&C, and Fennia Group.   

Loss ratio of insurance companies

   Among the four largest companies mentioned above, OP Group had the lowest loss ratio, of 81.7 percent. Among the ten largest non-life insurance companies in Finland in terms of gross premiums written, Fennia had the highest loss ratio, of 134.4 percent

Loss ratio of non-life insurance in Finland in 2019, by type

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% discount until March 31st
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in

Release date

May 2020



Survey time period


Special properties

Includes Finnish companies and foreign insurers whose figures have been reported to Finance Finland

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Non-life insurance market in Finland "

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.