Insurance
The Ministry of Social Affairs and Health is responsible for developing statutory insurance and drafting the legislation on social and private insurance. The goal is an effective social security, by means of which individuals can also cope in difficult life situations. The insurance business must be organised efficiently and safely and at moderate cost to clients.
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Legislation and oversight »
Insurance business in Finland is subject to licence.
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Insurance institutions »
In Finland, private insurance institutions handle both statutory and voluntary insurance. Operating in the insurance sector is subject to authorisation. In addition to private pension institutions, social insurance is managed by the Social Insurance Institution of Finland (Kela), Keva and the State Treasury.
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Supervision of the insurance sector »
The insurance sector is supervised to safeguard the interests of the insured and the beneficiaries.
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Investing insurance contributions »
Insurance companies must invest the insurance contributions that they collect from the insured in a secure and productive manner.
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Statutory insurance »
Part of social security in Finland is provided through statutory insurance. The most important form of insurance-based social security is the earnings-related pension.
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Social insurance contribution »
Contributions in 2011–2015.
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Insurance related appeals »
A policy holder, who is unhappy with an insurance company's decision, should first take the matter up with a representative of their insurance company.