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 published a consultation on 27 June on its technical standards related to market risk as well as a data collection and roadmap to upcoming regulation
— 36/2019
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Providing equity savings accounts and equity savings account agreements to customers
— 35/2019
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FIN-FSA regulations and guidelines 4/2019 concerning virtual currency providers enter into force on 1 July 2019
— 34/2019
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Thematic review on the organisation of depositary activities
— 31/2019
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New security requirements for strong customer authentication in payment services
— 29/2019
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Financial sector’s capital position as at 31 March 2019: Finnish financial sector’s capital position remained good
— 11/2019
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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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Invitation to a webinar on reporting
— 17/2019
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Questionnaire on the use of FIN-FSA’s Reporting Applications
— 15/2019
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DPM and Taxonomy 2.4.0 Public Working Draft released and available for comments | EIOPA
— 14/2019
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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
Statistics on life insurance companies
Statistics on non-life insurance companies