We served as the comprehensive legal advisor to the Finnish Mutual Patient Insurance Company in their application process for authorisation to engage in insurance activities. We were responsible for building the governance system and drafting the articles of association, outsourcing all key functions and negotiating the contracts for the ICT environment.
Patient insurance is mandatory under the Patient Insurance Act in order to ensure insurance coverage. The insurance obligation has been set for organisations and entrepreneurs engaging in healthcare activities in Finland. The Finnish Mutual Patient Insurance Company was founded by Finland’s five largest hospital districts.