There are many different insurances that provide coverage for damages to property and belongings owned or rented by households and business, such as homes, villas, vacation homes, boats, cars, and other motor vehicles.
Home insurance and houseowner insurance are both comprehensive insurance packages and the most important insurance to have because it protects your property. Houseowner insurance covers not only the costs for damages cov-ered by regular home insurance but also serves as financial protection for damages that may occur to the actual property.
Motor vehicle insurance is the most common among household insurances. At the end of 2023, there were just over 5 million insured passenger cars and nearly 3 million other insured motor vehicles.
In total, there were more than 14.1 million non-life insurances in 2023. Since 2014, the number of insurance policies has increased by 11 percent.
In total, households and business paid more than 110 billion SEK in premi-ums for various non-life insurance policies in 2023.
Most of the payments were made by households and went towards premi-ums for motor vehicle and motor third-party liability insurance (33 per cent) as well as home and houseowner insurance (17 per cent). Nearly one-fourth (24 per cent) of the total premiums were paid by companies for businesses and real property insurance.
Over the past ten years, non-life insurance premiums have increased by 56 per cent. This increase can be partially explained by economic growth (GDP), as the demand for non-life insurance often rises when households' and busi-nesses' assets grow.
