BMI View: Sweden is home to a well-developed and competitive insurance market. Rates of coverage in thelarge life insurance sector are already among the highest in the region and while the non-life sector issmaller premiums in both segments are set for further growth. The market is supported by high employmentand average income levels, which make insurance affordable for the vast majority of households. Thecompetitive landscape is comprised of well-capitalised domestic and regional providers, which enjoy a highlevel of brand loyalty and there is little scope for new entrants, despite the general attractiveness ofSweden's investment environment and the expected growth in the market.
Latest Updates & Industry Developments
The Swedish insurance market offers a range of opportunities for investment. In September 2017 brokersArthur J. Gallagher & Co, who are already present in 34 markets globally, announced the acquisition ofSweden based retail insurance broker Nordic Försäkring & Riskhantering AB (Nordic) for anundisclosed sum.
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