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.
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 Loss ratio of non-life insurance in Finland in 2019, by type (in million euros)
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Finance Finland. (May 12, 2020). Loss ratio of non-life insurance in Finland in 2019, by type (in million euros) [Graph]. In Statista. Retrieved January 16, 2021, from https://www.statista.com/statistics/1086977/loss-ratio-of-non-life-insurance-in-finland-by-type/
Finance Finland. "Loss ratio of non-life insurance in Finland in 2019, by type (in million euros) ." Chart. May 12, 2020. Statista. Accessed January 16, 2021. https://www.statista.com/statistics/1086977/loss-ratio-of-non-life-insurance-in-finland-by-type/
Finance Finland. (2020). Loss ratio of non-life insurance in Finland in 2019, by type (in million euros) . Statista. Statista Inc.. Accessed: January 16, 2021. https://www.statista.com/statistics/1086977/loss-ratio-of-non-life-insurance-in-finland-by-type/
Finance Finland. "Loss Ratio of Non-life Insurance in Finland in 2019, by Type (in Million Euros) ." Statista, Statista Inc., 12 May 2020, https://www.statista.com/statistics/1086977/loss-ratio-of-non-life-insurance-in-finland-by-type/
Finance Finland, Loss ratio of non-life insurance in Finland in 2019, by type (in million euros) Statista, https://www.statista.com/statistics/1086977/loss-ratio-of-non-life-insurance-in-finland-by-type/ (last visited January 16, 2021)