Insurance and reinsurance—Sweden—Q&A guide
Insurance and reinsurance—Sweden—Q&A guide

The following Insurance & Reinsurance practice note provides comprehensive and up to date legal information covering:

  • Insurance and reinsurance—Sweden—Q&A guide
  • 1. Identify the regulatory agencies responsible for regulating insurance and reinsurance companies.
  • 2. What are the requirements for formation and licensing of new insurance and reinsurance companies?
  • 3. What licences, authorisations or qualifications are required for insurance and reinsurance companies to conduct business?
  • 4. What are the minimum qualification requirements for officers and directors of insurance and reinsurance companies?
  • 5. What are the capital and surplus requirements for insurance and reinsurance companies?
  • 6. What are the requirements with respect to reserves maintained by insurance and reinsurance companies?
  • 7. What are the regulatory requirements with respect to insurance products offered for sale? Are some products regulated by multiple agencies?
  • 8. What are the frequency, types and scope of financial, market conduct or other periodic examinations of insurance and reinsurance companies?
  • 9. What are the rules on the kinds and amounts of investments that insurance and reinsurance companies may make?
  • More...

Insurance and reinsurance—Sweden—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to insurance and reinsurance in Sweden published as part of the Lexology Getting the Deal Through series by Law Business Research (published: May 2020).

Authors: Advokatfirman Hammarskiöld—Per Sundin; Lars Ulrichs; Sigrid Törnsten

1. Identify the regulatory agencies responsible for regulating insurance and reinsurance companies.

The Swedish Financial Supervisory Authority (SFSA) is the regulator in charge of supervising insurance and reinsurance companies.

It is responsible for supervision, authorisations, sanction assessments, regulations and reporting matters for insurance firms, insurance intermediaries and mutual benefit societies.

In addition, the SFSA is responsible for certain supervision of pension foundations. It is, furthermore, responsible for the national coordination, evaluation and follow-up of supervision related to money laundering.

2. What are the requirements for formation and licensing of new insurance and reinsurance companies?

Companies offering financial services in Sweden are required to apply for a licence issued by the SFSA to operate a business. In a licence application, the SFSA reviews the company’s capital situation, business plan, owners and corporate management, among other things. The company’s operating activities may require additional licences from the SFSA.

Insurance and reinsurance providers

All insurance and reinsurance providers must be authorised by the SFSA or another financial supervisory authority within the European Economic Area (EEA). The provider can apply to the SFSA for advance notice on whether authorisation is necessary for the planned

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