News release 7 September 2018 – 7/2018

Statistical survey on motor liability insurance 2012–2016: profitability good

Premiums written on motor liability insurance in 2016 totalled EUR 828 million, a decrease of some EUR 15 million on the previous year. In the reference period 2012–2016, premiums written increased in 2013, 2014 and 2015 compared with the previous year.

Motor liability insurance recorded a result of some EUR 210 million in 2016. The average for the reference period was EUR 173 million. The result relative to premiums earned was in 2016 approximately 25% and the average for the reference period was 22%. For motor liability insurance as a whole, business has been very profitable. There were however notable differences between companies as to the components of the result.

The combined ratio for motor liability insurance in 2016 was 93%, compared with an average of 97% in 2012–2016. The client group-specific combined ratios for licensed traffic and for companies and entities were in the reference period on average 104% for both the groups. For households, the combined ratio in the reference period was on average 96% and in 2016 it was 88%.

The FIN-FSA’s statistical survey on motor liability insurance is based on data compiled in the period 2012–2016. The report on the statistical survey includes tables, charts and calculations relating to premiums, market shares and key ratios. Financial performance data are presented both in aggregate and by insurance company. The financial performance data is presented in more detail in the excel file (in Finnish) published in connection with the report.

For further information, please contact

  • Pirkko Welin-Siikaluoma, Chief Actuary, tel. +358 9 183 5533 or pirkko.welin-siikaluoma(at)

Appendices (in Finnish)