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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Thematic assessment: Insurance companies must ensure the good repute of their agents
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A summary of the FIN-FSA’s risk assessment of money laundering and terrorist financing for capital market participants has been published
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Amendment to regulations and guidelines 9/2014 on the introduction of the LEI code
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European Commission has published several new interpretation recommendations on financial sanctions
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Thematic review of the use of new technologies and related risks
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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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The Reporter portal will be out of service on Monday 3th of April 2023 starting at 7:30 a.m. | EBA EIOPA National reporting (Virati)
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Data collections have been added to the Validation service of the new Financial Supervisory Authority Reporting System | VIRATI
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The Validation service for reporting will be out of service on Monday 27 March 20223 starting at 8:00 a.m. | EBA EIOPA National reporting (Virati)
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Release schedule of the taxonomy and DPM for the reporting of financial conglomerates’ risk concentrations and intra-group transactions | EIOPA EBA
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Solvency II Taxonomy version and DPM 2.8.0 release schedule | EIOPA
Statistics on life insurance companies
Statistics on non-life insurance companies