Loss ratio of non-life insurance in Finland 2018, by type

In 2018 in the non-life insurance sector in Finland, the loss ratio was highest for the insurance category workers’ compensation, 79.6 percent. In Finland, workers’ compensation is part of the social security system, and all employees are covered. In 2018, the premium income for this insurance type was 560 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 2018. 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 72.3 percent. Among the ten largest non-life insurance companies in Finland in terms of gross premiums written, Fennia had the highest loss ratio, of 92.2 percent

Loss ratio of non-life insurance in Finland in 2018, by type

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Release date

August 2019



Survey time period


Special properties

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

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Statistics on "Non-life insurance market in Finland "

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