Insurance Regulation & Regulatory Compliance

Insurance Regulation & Regulatory Compliance

Insurance is a heavily regulated field that calls for sector-specific legal expertise. In addition to being familiar with the day-to-day insurance law and the international regulatory framework, anticipating any developments in the insurance practice is key in this sector.

We advise you in all matters related to insurance regulation and market changes. As our client you will gain the most up-to-date information concerning the market and benefit from our solid practical experience of insurance business operations and our excellent contacts with the authorities. Our experience and expertise will be of particular use in situations where regulations are still in the formative stage and have not yet been applied in practice. In international regulatory matters you will also have access to our unique global network of law firms.

Our services include:

  • Licenses and market entry
  • Notifications and Europass procedures
  • Insurance intermediary, distribution and marketing issues
  • Data protection and data security
  • Legal opinions
  • Capitalisation arrangements
  • Regulatory compliance advice and audits
  • Insurance classes
  • Ancillary operations
  • Outsourcing arrangements
  • Governance system requirements
  • Continuity management
  • Changes in guarantee capital
  • Corporate law counselling
  • Preparation and management of matters related to general meetings, such as chairing the meeting
  • Regulatory updates and training for senior management
  • Regulation monitoring and reporting; providing training at the operative level
  • Tax advice and seeking advance rulings
  • Competition law
  • ESG regulation and compliance
  • Procurement procedures
  • Prevention of money laundering and terrorism financing
  • Sanctions regulations
  • Employment law counselling
  • Auditing internal regulations and policies

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
We advised Efima Oyj on the sale of its financial management services business to Rantalainen as part of its strategic focus on fully concentrating on the delivery of business applications as well as data and AI solutions. As a result of the transaction, customer contracts related to financial management services and 65 experts working in these services will transfer to Rantalainen. The transaction will be carried out as a transfer of business, and the experts will move to the new owner as existing employees. Efima is a Finnish digital company that supports the sustainable growth of large and mid-sized companies by streamlining their business processes and by creating competitive advantage through the innovative use of artificial intelligence and data. The company has nearly 200 experts based in Helsinki and Tampere.
Case published 12.6.2026
We advised lead investor Ugly Duckling Ventures on the EUR 6.5 million funding round of Skyfora. The round also included Eviny Ventures, LUMO Labs and EIC Fund, alongside non-dilutive funding from Business Finland. The investment will support the commercial scale-up of Skyfora’s weather intelligence solutions, the expansion of partnerships with telecom operators, forecasting providers and meteorological institutions, and the continued growth of the team. Skyfora is a Finnish company developing high-resolution weather data solutions using patented technology that extracts atmospheric data from GNSS receivers embedded in existing infrastructure, such as telecom networks. By unlocking previously untapped data sources, Skyfora enables the next generation of AI-driven weather forecasting and supports improved decision-making across weather-sensitive industries. Ugly Duckling Ventures is a Copenhagen-based venture capital firm focused on early-stage Nordic B2B technology companies, with an emphasis on medtech, resilience tech and business services.
Case published 10.6.2026
castren snellman general atlantic iceye
We advised General Atlantic as the lead investor on ICEYE’s EUR 1 billion series F funding round, valuing the company at over EUR 10 billion. ICEYE raised EUR 450 million (USD 520 million) in a primary Series F funding round led by General Atlantic. Additional investors included Solidium, Tesi, Varma, Ilmarinen, Lifeline Ventures, Nokia, Qatar Investment Authority (QIA) and TCV. Together with a secondary placement, the total fundraising exceeds EUR 1 billion. ICEYE is the world leader in sovereign intelligence from space, providing continuous monitoring capabilities to detect and respond to changes in any location on Earth. The company operates the world’s largest and most advanced Synthetic Aperture Radar satellite constellation. General Atlantic is a leading global investor with more than four and a half decades of experience providing capital and strategic support for over 885 companies throughout its history. As of March 31, 2026, General Atlantic manages approximately USD 126 billion in assets across its investment strategies. We advised General Atlantic on this transaction in collaboration with the international law firm Paul, Weiss, Rifkind, Wharton & Garrison.
Case published 9.6.2026