![]() ![]() Topdanmark has a 16 per cent market share in the Danish P&C insurance market and it focuses on the private and SME markets, which also include agricultural businesses. In Denmark, Sampo operates through both If and the Danish insurer Topdanmark, in which Sampo has a 48 per cent stake. In addition, If aims to continuously improve its operational efficiency. This involves understanding risk better than its competitors, setting the right prices, and offering the best products and services. The backbone of If's strategy is focus on underwriting. These customers are companies with annual turnovers of more than EUR 50 million and over 500 employees. Industrial is one of the leading insurers for large corporate customers in the Nordic region and it includes approximately 1,500 customers. It is also the largest in the Nordic region with approximately 340,000 customers. Meanwhile, Commercial insures companies with up to 500 employees. Private is If's largest business area and it is the Nordic market leader in this area with more than three million individual customers. If's operations are divided into Nordic business areas by customer segments Private, Commercial, Industrial, and the Baltic. ![]() If offers a full range of P&C insurance solutions and services to a broad customer base, from private individuals to large corporate customers. The integrated pan-Nordic operating platform that is built within If P&C plays a key role in Sampo’s Nordic P&C insurance strategy. Sampo leverages its regional scale, digital capabilities, and unique underwriting culture to attain competitive advantages that allow it to create a superior customer proposition. Sampo is the leading P&C insurance group in the Nordics with a market share of approximately 20 per cent across the region. Sampo Group’s strategic framework and new financial targets for 2021-2023 were presented in more detail at the Capital Markets Day held in February 2021. Ongoing surplus capital generation is mainly distributed through the dividend, which is paid once a year, but this can be complemented with additional capital returns in the form of additional dividends or buybacks should Sampo find itself in an excess capital position. The Group has set balance sheet targets that aim to balance resilience with capital efficiency. Sampo believes that good capital management is essential to value creation. Valuation plays a central role in the analysis of M&A opportunities. When assessing transactions, Sampo looks to add new capabilities, for example, in the form of distribution or technology, rather than pure volume, which can often be achieved more economically and with less risk through organic investments. Sampo’s M&A appetite is limited to bolt-on transactions in P&C insurance. ![]() Combined with careful risk management, this enables Sampo to deliver attractive margins and strong financial resilience, both of which Sampo considers essential to value creation. Sampo’s P&C insurance strategy is based on disciplined underwriting, strong operational capabilities and customer centricity. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |