Finland Mutuals grow market share

Finnish policyholders favoured mutual insurers last year. Mutuals the Tapiola Group and Lahivakuutus (Local Insurance Group) both increased their share of the non-life market in 1999, according to preliminary returns for the companies compiled by the Federation of Finnish Insurance Companies. Tapiola’s premium income rose to FMk1.9bn (US$307m) to account for 14.2% of the total non-life market, and Lahivakuutus’s premium income rose to around FMk1 02bn, or 7.6% of the total.