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 Supervision Authority will not extend its recommendation for insurance companies to refrain from dividend distributions
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Responsibility and participation in decision-making of deputy members of the board of insurance companies
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Sending confidential information to FIN-FSA as secure email
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FIN-FSA’s findings from supervision of non-life and life insurance companies in 2020
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Summary of assessment of money laundering risk concerning the life insurance sector has been published
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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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Report on anti-money laundering and its implementation in Europe emphasises need for sufficient supervision resources and importance of international cooperation
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Financial sector’s capital position as at 31 March 2019: Finnish financial sector’s capital position remained good
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Financial Supervisory Authority strengthens anti-money laundering supervision – European supervision will also be enhanced
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Questions and answers on the Reporting System Reform | EBA EIOPA ESMA National reporting (Virati)
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Solvency II Taxonomy version and Hotfix 2.6.0 for life and non-life insurance companies | EIOPA
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Presentation of the FIN-FSA’s Reporting System Reform has been published | EBA EIOPA ESMA Virati
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Invitation to a presentation on the reform of the FIN-FSA’s reporting system | EBA EIOPA ESMA National Reporting (Virati)
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Invitation to a presentation on the reform of the FIN-FSA’s report-ing system | EBA EIOPA ESMA National Reporting (Virati)
Statistics on life insurance companies
Statistics on non-life insurance companies