Insurance

Insurance

We have extensive experience in the insurance sector and decades of collaboration with supervisory authorities. We advise clients in all regulatory matters and ensure smooth implementation of even the most complex transactions.

The regulatory and operative landscape of the insurance sector is constantly changing. Steering your organisation in this ever-evolving environment calls for special expertise. The support of a legal advisor with profound understanding of both the insurance business and the objectives of the legislator and the regulator is essential. We offer a unique combination of wide expertise in insurance law with extensive experience of having operated within the insurance business. We provide a hands-on approach combined with long-term practical knowledge of how to achieve strategic goals.

With our extensive experience in the insurance sector and decades of collaboration with supervisory authorities, we are the natural partner of choice for both Finnish and international insurance companies, insurance intermediaries, and their owners and decision-makers. Our in-depth expertise will ensure that your critical projects cross the finish line in time and as planned. We will assist you in successfully adapting your business to market changes and changes in the regulatory environment.

We advise clients in all regulatory matters and ensure smooth implementation of even the most complex transactions in this highly regulated sector. Our full-service offering covers all legal needs of the insurance sector from transactions, disputes, insurance products and their distribution strategies, regulated documentation, outsourcing of central, critical or important functions to capitalisation and governance system requirements. Our experts work seamlessly together across teams in all insurance-related matters ranging from financial regulation, regulated transactions, corporate governance and tax law to data protection, competition law, dispute resolution, technology law, procurement and employment law.

  1. Regulated Transactions & Arrangements
  2. Insurance Regulation & Regulatory Compliance
  3. Claims & Dispute Resolution
  4. Contracts
  5. Product Oversight and Governance & Legal Design
  6. Crisis Management & Insolvency Proceedings

Our clientele includes Finnish and international insurance companies and reinsurance undertakings as well as their significant direct and indirect owners and decision makers. We also advise insurance intermediaries, foreign law firms and policyholders.

Latest references

We advised the Savings Banks Group on an arrangement whereby the shares in Sp-Henkivakuutus Oy were sold to Henki-Fennia and at the same time the parties agreed on a long-term distribution cooperation for insurance savings and loan protection products. The closing of the transaction remains subject to regulatory approvals. Sb Life Insurance is a domestic life insurance company, established in 2007, offering insurance savings and risk insurance products to private customers and companies. The Savings Banks and Oma Säästöpankki Oyj act as agents for Sp-Life Insurance. Henki-Fennia is a subsidiary of Keskinäinen Vakuutusyhtiö Fennia, specialising in voluntary life, pension and savings insurance.
Case published 11.4.2025
Castrén & Snellman is the trusted partner for companies in the insurance sector both in Finland and internationally. We have assisted our clients in matters such as obtaining authorisation for activities transactions, such as insurance portfolio transfers and ownership control processes system acquisitions disputes outsourcing arrangements sales, marketing and insurance distribution matters. We have extensive experience in the insurance sector and decades of collaboration with supervisory authorities. We offer our clients our internationally recognised competence, clear thinking and solution-oriented experts.
Case published 5.12.2023
We assisted Finnish Mutual Patient Insurance Company (FMPIC) in its procurement of discretionary asset management services. The procurement was conducted as an open procedure in accordance with the Public Procurement Act (1397/2016). In the procurement, FMPIC selected two asset managers to whom its assets are to be allocated. The terms of the tendered agreements are indefinite, and they are intended to be in force as of the beginning of 2023. Based on the tender procedure, OP Varainhoito Oy and Nordea Bank Oyj were selected as the suppliers of the services.
Case published 27.9.2022
We assisted Finnish Mutual Patient Insurance Company (FMPIC) in its procurement of a SaaS-based insurance platform. The procurement was conducted as a negotiation procedure with Swedish iFACTS Ab selected as the supplier of the platform. The new platform is expected to be launched already in autumn 2022. With the procurement of the insurance platform, FMPIC aims for better and more reliable management and processing of customer relations and insurance policies. The goal is to reduce the risks associated with managing customer relations and policies, to improve the data security and data protection of customer and insurance information and to meet regulatory requirements. FMPIC was assisted in the procurement and contract negotiations by our public procurement experts Johanna Lähde and Atte Andersin, Pia Ek and Miika Junttila from the data and technology team and by our insurance expert, Sami Lommi. 
Case published 31.5.2022