News release 3 December 2009 – 26/2009 

Sakkoturva is not insurance and is therefore not supervised by the FIN-FSA 

The Sakkoturva service sold by Suomen Autoturva Oy has recently been referred to in the media as insurance against on-the-spot petty fines issued for speeding. However, Sakkoturva is not an insurance facility, because insurance is always concerned with the random nature of damage sustained. Compensation cannot be claimed against intentional damage.

Because Sakkoturva is not an insurance facility, the company selling it is not required to have authorisation to operate as an insurance company. Consequently, Suomen Autoturva Oy is not an entity supervised by the FIN-FSA, and neither is the FIN-FSA authorised to take a stand on questions relating to the provision of the Sakkoturva service.

For further information, please contact:
Seppo Juutilainen, Head of Division, tel. +358 10 831 5520.

Updated 3 December 2009