Largest non-life insurance companies in Sweden Q1 2022 vs Q1 2023, by market share

The largest non-life insurance company in Sweden as of the first quarter 2023 was Länsförsäkringar, which is an insurance federation consisting of 23 mutual insurance companies. The federation had at that time a market share of over 30 percent, and its premium income was around 30 billion Swedish kronor during that same quarter.

If Skadeförsäkring

  The second largest non-life insurance company at that time was If Skadeförsäkring, with a market share of around 18 percent. The company also operates in the other Nordic countries and its largest non-domestic market is Norway. There, If Skadeförsäkring is the second largest non-life insurance company after the Norwegian company Gjensidige.  

Motor insurance in Sweden

  In Sweden, a liability motor insurance is mandatory for every registered car, and most car owners also buy an insurance for vehicle damage. In fact, the largest amount of the aggregated non-life insurance premium income in the country comes from motor vehicle insurance, and amounted to over 12 billion Swedish kronor in 2021.