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Strikt konfidentiellt
Sweden
2019-09-01
5
Sweden10 M people
National non-life insurance companies’ net premiums written amounted to SEK 84 billion 2018.
LF market leader Non-life insurance 30,3%Motor 40,2 %Pet-insurance 57%.
Our customers reality /Social Trends
Source: SCB
70
74
78
82
86
90
1960 1970 1980 1990 2000 2010 2016 2020 2030 2040 2050 2060
0
50
100
150
200
1 61
11
62
12
63
13
64
14
65
15
66
16
67
17
68
18
69
19
61
01
106
111
116
121
126
131
136
141
146
151
156
161
166
171
176
1975 1985 201520051995
Source: SCB och Riksbanken
0
2
4
6
8
10
12
1996 2001 2006 2011 2016
Source: Riksbanken
Low interest rate
Household debt grow
%
0
100
200
300
400
1995 2000 2005 2010 2015
Thou
san
ds
Source: Försäkringskassan
Increasing sick leave
Life expectancy increasesYear
Women Men
Prognos
Intern
Climate change
7
The glaciers melts
The oceans are rising
Intensive cloudburst Warmer
More rainfall
Climate Change
Intern
Who can we trust?
8
Strikt konfidentiellt
Länsförsäkringar Alliance - the first company was founded in 1801.
9
The regional insurance companies are where we meet our customers.
We cooperate through Länsförsäkringar AB, which serves as the hub of the Länsförsäkringar Alliance.
9
10
Insurance - the foundation for all societies and provides opportunities for growth and development
Local and mutual is the future!
10
Being customer-owned and localcreates the basis for being
close, provide best service andwork in the long term.
Our customers needs us!
Strikt konfidentiellt
9/1/2019
Ranked number 1 by the Swedish Quality Index in five categories; Non-life Insurance, Motor insurance, Bank, Pension and Real-estate brokerage.
Multi-award-winning mobile app.
Sweden’s most satisfied retail customers and a multi-award-winning app
Non-life insurance trend in SwedenPremium income in EUR billion
Intern
2019-09-01
13
Reinsurance and Specialty AgriaHealth
Business with small market volume
Greenhouse business
Special solutions that demands special non-life competence
New products to meet our customers needs
Agria Breed of dog insurance
Senior-insuranceAgria Breed of cat -
insuranceBo kvar- insurance
– for everyone!
Agria Incident
We insure the whole world!
Boat accident
Saftey for small and medium-sized companies
Länsförsäkringar Alliance and Sak
Cyber insurance Brand and Warranty InsuranceHealthcare
One more opportunity! - Single householdsOf Sweden's more than ten million inhabitants, 4.6 million live in households.A total of 1.8 million of these are “one person”
0
200.000
400.000
600.000
800.000
1.000.000
1.200.000
1.400.000
1.600.000
1.800.000
2.000.000
Singlehouseholds
without children
Single withchildren 0-24
year
Single withchildren 25+
year
Couple withoutchildren
Couple withoutchildren 0-24
year
Otherhouseholds
without children
Otherhouseholds
with children 0-24 year
2017Soure: SCB
Our customers reality /Social Trends
Source: SCB
70
74
78
82
86
90
1960 1970 1980 1990 2000 2010 2016 2020 2030 2040 2050 2060
0
50
100
150
200
1 61
11
62
12
63
13
64
14
65
15
66
16
67
17
68
18
69
19
61
01
106
111
116
121
126
131
136
141
146
151
156
161
166
171
176
1975 1985 201520051995
Source: SCB och Riksbanken
0
2
4
6
8
10
12
1996 2001 2006 2011 2016
Source: Riksbanken
Low interest rate
Household debt grow
%
0
100
200
300
400
1995 2000 2005 2010 2015
Thou
san
ds
Source: Försäkringskassan
Increasing sick leave
Life expectancy increasesYear
Women Men
Prognos
Strikt konfidentiellt
Whatweoffer…
21
Bank
Life
UnitLinked
None-life
Real estate… gives further
opportunities
Intern
Climate change
22
The glaciers melts
The oceans are rising
Intensive cloudburst Warmer
More rainfall
Climate Change
Disasters in the world
Cloudburst Copenhagen, Denmark 3 July 2011
Typhoon Jebi, Japan 26 August 2018
Explosion Tianjin, China 12 August 2015
Hurricane Matthew Haiti, USA 8 October 2016
Catastrophes in Sweden
0
500.000.000
1.000.000.000
1.500.000.000
2.000.000.000
2.500.000.000
3.000.000.000
3.500.000.000
Anato
l
Erw
in / G
udru
n
Ha
nno
/ Per
Win
ter 2
010
Berit
Da
gm
ar
Sim
one
Sve
n
Ivar
Fore
st F
ire 2
014
Sum
mer F
loods
Egon
Gorm
Fore
st F
ire 2
018
1987199319951996 1999 2001 2002 2003200520072010 2011 2012 2013 2014 2015 2016 2018
Winter losses Storm Forest Storm Non-forest Flood / Thunderstorm Forest Fire
3 073 MkrHurricane Gudrun
415 MkrHurricane Per
337 MkrForest Fire 2014
Reinsurance is goodto have!
Reincurance - as central 2019 as in 1936
0 M
2 000 M
4 000 M
6 000 M
8 000 M
10 000 M
12 000 M
14 000 M
10 200 Skadekostnad
Intern
Peril Does the current Cat Reinsurance Program cover 200 year-scenario?
How big is the uncertainty?
Forecasted risk trend from a climatechange perspective
Uncertainty from a climate changeperspective
Storm Small Large
Storm combined withStorm-Flood
Medium Small
Cloudburst Small Small
Flood Medium Small
Forest Fire Medium Medium
Winter losses Medium Small
Dam Burst Large Medium
Landslide Large Small
Hail Large Large
Ice storm Large Medium
”Predicitions are difficult, especially those concerning the future” - Niels Bohr
2018 – one of the hottest summers ever
Torrential rain, heat waves, drought and forest fire = consulation service
!Our focus on
sustainability is more important than ever!
World-class loss prevention
30
Intern
UN asks for our knowledge...about prevention, risk calculation and
actuarial analyzes
Focus on risks and
opportunitiesAssets of the world's insurance companies
should be invested responsibly.
33 trillions dollar.
31
Intern
32
“The world needs your leadership to meet the climate challenge.”– Ban Ki-moon
Intern
UN in 2016 A strategic meeting about
the consequences of climate change
33
2/3of the annual
natural damage in
the world is
uninsured, in
terms of value.
Intern
The insurance companies have never before agreed - but now there is a good platform
34
Inga Beal CEO Lloyds, Ann Sommer CEO
LF Non-Life and Kathy Bardswick CEO
The Cooperators, Canada.
We know loss prevention and risk calculation.
We can make a change!
“Invest in the
Agenda 2030 and
create a better
world for all.”
Intern
Focus on the goals that are most relevant to our industry…
36
…but not at the expense of the other goals
Strikt konfidentiellt
UN, Climate week, New York 2017UN Private Sector Forum and Sustainable Investment Forum, September 2017.
The Forum theme was Financing the 2030 Agenda: Unlocking Prosperity.
High-level plenary at
New York Climate Week´s Sustainable Investment Forum
“Invest in
the Agenda
2030 and
create a
better world
for all.”
– Antonio
Guterres
Strikt konfidentiellt
We have signed 3 UN initiatives:
38
Responsible business Responsible Investment Sustainable Insurance
“Länsförsäkringar Sak is pleased
to become the first Swedish
insurance company to sign the
Principles for Sustainable
Insurance”.December 2016.
40
Tens of billions of people and their animals living
a safe and good life, within the limits of the
earth's resources.
VISION 2050
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