Recent news

We list here recent news from the insurance sector.

2019

Planned service disruptions in FI’s reporting systems

2019-12-02 | News Reporting Markets

From Monday, 2 December, to Tuesday, 10 December, all of FI’s reporting systems will experience service disruptions or closures due to planned maintenance and updates. The extent to which individual systems will be affected will vary.

Stability in the Financial System (2019:2)

The low interest rates are expected to remain low for a longer period of time. It could lead to greater risk-taking among various actors, and increased challenges for insurance undertakings.

FI’s work to combat money laundering and terrorist financing

Finansinspektionen (FI) strengthened its anti-money laundering supervision in 2019, in part by dedicating considerable resources to reviewing major Swedish banks’ governance and control of anti-money laundering measures in Baltic subsidiaries.

Erik Thedéen: Climate and sustainability in focus at FI

FI’s Director General spoke today at the Finansdagen conference in Stockholm.

Erik Thedéen's introductory speech at IOSCO SFN Stakeholder Meeting

Erik Thedéen made the introductory speech at the first IOSCO SFN Stakeholder Meeting in Stockholm.

Banks’ lending to commercial real estate firms requires more capital

2019-05-28 | News Stability Markets

Finansinspektionen (FI) considers the firms in the Swedish financial system to have sufficient resilience for withstanding a weaker economy. However, commercial real estate firms are vulnerable to shocks. FI therefore makes the assessment that the banks need more capital for these exposures. This is one of the conclusions in FI’s first stability report for the year, which is being presented today.

Stability in the Financial System (2019:1)

Both the global and the Swedish economies appear to be slowing down. Low interest rates – which have resulted in high risk-taking and rising asset prices – are expected to remain low for a prolonged period of time. Resilience in the Swedish financial system is satisfactory in general. However, even if the banks’ resilience is satisfactory overall, FI makes the assessment that they need more capital to cover the risks in their lending to commercial real estate firms.

Nordic and Baltic financial supervisors enhance cooperation to fight money laundering

Heads of the Nordic and Baltic financial supervisors met today in Stockholm. They agreed on measures to enhance the cooperation between the authorities with the aim of fighting money laundering and terrorist financing.

FI Supervision 12: Insurance Undertakings’ Own Risk and Solvency Assessments

2019-05-08 | Reports Insurance

Finansinspektionen (FI) has conducted a survey of how insurance undertakings are performing their own risk and solvency assessments. FI is of the opinion that many undertakings’ assessments can be improved.

Personal injury claims handling – a follow-up review

2019-04-11 | Reports Insurance

Insurance undertakings have taken steps to develop IT systems, customer communication and quality assurance since FI published its previous report on personal injury claims handling in 2017.