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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EBA issued Guidelines on the STS criteria for securitisation
— 18/2019
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Amendments to the Guidelines on the management of interest rate risk arising from non-trading activities to take effect on 30 June 2019
— 10/2019
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Amendment to Regulations and guidelines 1/2011 "Submission of electronic supervi-sory data of an entity operating in the insurance markets to the FIN-FSA"
— 55/2018
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Reporting on risks and controls concerning anti-money laundering and countering the financing of terrorism – data to be submitted by 31 March 2019
— 54/2018
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Updates to FIN-FSA regulations and guidelines due to national transposition of MiFID II
— 6/2018
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Financial Supervisory Authority strengthens anti-money laundering supervision – European supervision will also be enhanced
— 7/2019
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FIN-FSA Annual Report 2018: Supervision of anti-money laundering and digitalisation has been strengthened
— 3/2019
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FIN-FSA imposes penalty payments to three companies for delays in notification of major holdings
— 1/2019
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Finnish insurance sector would maintain its solvency in weakening of investment markets
— 31/2018
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Financial sector's capital position as at 30 September 2018: Capital position of the Finnish financial sector has remained strong – banking sector capital adequacy will weaken as a result of Nordea’s re-domiciliation
— 29/2018
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Checks related to the acceptable time frame for supervisory reporting implemented in the FIN-FSA’s production environment
— 13/2019
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New data quality checks are tested in the testing environment during weeks 19–21
— 11/2019
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New FIN-FSA Reporting Application workbooks for Pension Fund downloadable from the Jakelu Distribution Service | EIOPA
— 10/2019
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New version of FIN-FSA Reporting Application downloadable from Jakelu Distribution Service | EBA EIOPA ESMA
— 9/2019
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New demo version of FIN-FSA Reporting Application published in Jakelu distribution service | EBA EIOPA ESMA
— 8/2019
Statistics on life insurance companies
Statistics on non-life insurance companies