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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Swedish non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Sweden's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Sweden non-life (P&C) market as well as trends by line of business. Axco analysts also report on Sweden's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Sweden's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Sweden, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Sweden, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Sweden with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
In spring 2021 Sweden was seeing the impact of the COVID-19 pandemic on insurance with the publication of market statistics for 2020.
Sweden's decision not to lock down its population in order to stop the spread of the virus has been the subject of international attention, with schools and restaurants remaining open while its Nordic neighbours decided to close them. Sweden encouraged its citizens to stay at home and maintain social distancing when in public, rather than introducing stricter measures. This decision meant a substantially higher rate of deaths in Sweden ....
This is a brief extract of information; more updated information may be available in the latest published report.