Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.
Axco’s Sweden Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.
The Life & Benefits Report for Sweden includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Insurance Penetration (%)
Sweden is a Scandinavian country, mostly covered in forest and lakes. Economic growth was expected to equal 1.04% in 2020 with inflation averaging 1.59% over the same period. The Swedish economy depends heavily on trade and has a well-developed and internationally successful industrial sector.
Sweden joined the European Union in 1995 and has not yet adopted the euro.
Total premium income in 2018 reported by non-life insurance companies was SEK 84.17bn (USD 8.67bn), of which a substantial proportion of around 40% related to foreign risks underwritten in Sweden.
In 2018 there were 77 Swedish non-life insurers, including about 35 captives, and about 40 larger local insurers; in addition there were around 40 foreign insurers, branches and agencies. The market is dominated by large groups.