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The Regulation of the Swedish Insurance Industry

In: The Economics of Insurance Regulation

Author

Listed:
  • Göran Skogh

Abstract

Public intervention in insurance has a long tradition in Sweden. The most important risk-sharing found in medieval times was that of fire aid (Brandstuth). Authority rested with the rural district meeting (Häradsting). From 1733 onwards, several urban mutual organisations for fire insurance were established. The first stock company was Skandia, founded in 1855. It was soon followed by others, dealing both in life, and casualty insurance, as well as in fire insurance. In the 1870s the Government began inspecting the insurance companies. Public control of the financial solidity of insurance companies was settled by law in 1903. The Private Insurance Supervisory Board (Försäkringsinspektionen) was established a year later.2

Suggested Citation

  • Göran Skogh, 1986. "The Regulation of the Swedish Insurance Industry," Palgrave Macmillan Books, in: Jörg Finsinger & Mark V. Pauly (ed.), The Economics of Insurance Regulation, chapter 5, pages 163-186, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-18397-5_5
    DOI: 10.1007/978-1-349-18397-5_5
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