Life and non-life insurance
The Life and Non-life Insurance Division of the Financial Supervisory Authority (FIN-FSA) is part of the Department of Insurance Supervision, which has overall responsibility for prudential supervision of the insurance sector. The objective of supervision is to ensure that the entities have the financial means to fulfil their obligations, such as payment of insurance claims and pensions.
We supervise life and non-life insurance companies’ internal governance and risk management procedures. We assess underwriting risks, such as the calculation and adequacy of technical provisions, as well as investment risks.
In addition, we supervise the accuracy of financial statement data of supervised entities in the insurance sector in terms of profitability and solvency. We participate in international cooperation, including within colleges of supervisors, in our own field of competence.
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Financial Supervisory Authority’s priorities in 2025 remain the soundness of supervised entities’ governance and responding to uncertainties in the operating environment – summaries of inspection results to be made available on website
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Results of the stress tests for European insurance companies have been published
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Amendment to Regulations and guidelines 1/2011 Submission of electronic supervisory data of entities operating in the insurance markets
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Regulations and guidelines of standard 1.5 on the supervision of financial and insurance conglomerates have been repealed
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Financial Supervisory Authority to conduct stress tests for insurance and pension sectors
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Financial sector's capital position as at 30 June 2024: Sluggish economic growth and geopolitical tensions have maintained the financial sector's risks at a high level – capital position has remained strong
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Subdued economic outlook is weakening the financial sector's operating environment – real estate market risks particularly increasing
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Public warning to Pohjola Insurance Ltd for non-compliance with time limits under Workers’ Compensation Act and provisions concerning system of governance
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Finnish financial sector has so far withstood the effects of the coronavirus pandemic well - operating environment remains uncertain, however
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Financial Supervisory Authority extends the validity of its profit distribution recommendation until 1 January 2021 and clarifies expectations related to capital and liquidity buffers
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Data collections ready for normal reporting in Validation Service and Reporter Portal – reporting reference date 31 March 2025 | EBA EIOPA ESMA National reporting (Virati)
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The Validation service and Reporter portal will have service breaks on week 17 | EBA EIOPA ESMA National reporting (Virati)
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The Validation service and Reporter portal will have service breaks on week 13 | EBA EIOPA ESMA National reporting (Virati)
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Recording and presentation of the FIN-FSA’s reporting webinar have been published | EBA EIOPA ESMA National reporting (Virati)
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Data collections have been added to the Validation service and Reporter portal of the new Financial Supervisory Authority Reporting System | National reporting (Virati)
Statistics on life insurance companies
Statistics on non-life insurance companies