Supervision

Supervision is one of FI's most important activities. Part of this work involves managing incidents and urgent problems. However, the main purpose of supervision is to prevent problems from arising. To ensure that supervision has the greatest possible impact and provides the most value, it must therefore be both risk based and forward looking.

Insurance supervision aims to ensure that insurance and occupational pension undertakings hold sufficient capital in relation to their risks, so that they are able to fulfil their commitments to policyholders.
The insurance sector is also important to monitor from a consumer protection perspective, ensuring that consumers can make well informed decisions based on clear and accurate information.

Insurance supervision also includes working to ensure that the financial system contributes to sustainable development.

Undertakings under supervision

Supervision of the insurance area covers everything from small to large firms. The supervision covers

• insurance undertakings, both life insurance and non-life insurance
• occupational pension undertakings
• insurance intermediaries
• pension foundations.

The supervision of the pension foundations is divided between FI and the county administrative boards.

Supervisory colleges

Many Swedish insurance undertakings are active in other countries, and many foreign firms are active on the Swedish market. These operations often occur through insurance groups, which consist of several insurance undertakings with joint owners. In order to supervise insurance groups with operations in several EU countries, we work in supervisory colleges. Representatives from the supervisory authorities in the countries where the insurance group in question is active belong to the supervisory colleges. Work in the colleges is governed by cooperation agreements between the countries' authorities.

FI chairs five colleges as the homeland authority and participates in another six colleges.