Sweden News

Violating Swedish Nuclear Drone Ban Will Land You in Jail, Void Insurance Cover

If you’re planning a drone fly-by at any of Sweden’s reactors, think again. The Nordic region’s biggest producer of atomic energy will from Oct. 15 add nuclear plants to a list of sites including airports and hospitals with no-fly zones …

ACE Launches New Corporate Travel Proposition in Sweden

ACE Group has launched in Sweden its new corporate travel proposition ACE Business Class, as it continues to enhance its multinational offering for companies in the Nordic region. ACE Business Class provides comprehensive travel insurance cover by means of a …

ICA Bank to Write Non-Life Business in Sweden via New Subsidiary

ICA Bank has received permission to conduct insurance business from the Swedish Financial Supervisory Authority. ICA Försäkring AB, a newly formed subsidiary with its own management and board, will offer non-life insurance to its customers at the end of 2015. …

Allianz Global Specialty Targets Nordic Region with Branch in Stockholm

Allianz Global Corporate & Specialty AG (AGCS) has opened its newest branch in Stockholm, Sweden, further expanding its services within the Nordic Region. Since 2009, AGCS has been active in Sweden through a dedicated key account manager in Stockholm, supported …

New Land, but also Costs, as Nordic Nations Rise from the Sea

A Stone Age camp that used to be by the shore is now 200 km (125 miles) from the Baltic Sea. Sheep graze on what was the seabed in the 15th century, and Sweden’s port of Lulea risks getting too …

Best Affirms Sirius International Group’s Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Sweden’s Sirius International Insurance Corporation (publ). Best also affirmed the ICR of “bbb” and …

Accenture to Team with SAS Institute for Sweden’s Folksam Solvency II Regs

Global management consulting, technology services and outsourcing company Accenture announced that it will team with SAS Institute “to implement the SAS Risk Management for Insurance solution group-wide at Folksam, one of Sweden’s largest insurers, to help comply with the Solvency …

Best Affirms Sirius International Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A” (Excellent) and the issuer credit rating (ICR) of “a” of Sirius International Insurance Corporation (publ), which is based in Stockholm, Sweden. The outlook for …

Europe’s PERILS Expands Coverage to Norway, Sweden

PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced that it has extended its market coverage to include Norway and Sweden. The two Nordic markets are in addition to the nine territories already covered by PERILS: Belgium, …

Fact or Fiction? Insurance Tidbits of Known and Little-Known Information

Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are just a few …