Composite Insurance is not Permitted in Finland

Date: 2015-09-01

“• The Finnish insurance industry is regulated by the Financial Supervisory Authority.

• The new Solvency II norm will be applicable from January 1, 2016.

• Composite insurance is not permitted in Finland. However, a life insurance company can underwrite accident and health insurance.

• Motor third-party liability insurance, workmen’s compensation insurance and air carriers and aircraft operators insurance are mandatory in Finland.

• Non-admitted insurance is not permitted in Finland. However, insurance and reinsurance companies from EEA/EU member states are permitted to operate without license.”

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