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Glossary

This glossary includes the most essential property and casualty insurance and life insurance terminology as well as financial statements terms used in Sampo Group. Because of different meanings in some cases in property and casualty insurance vs. life insurance, there are two different explations for some of the insurance terms.

You can move from an English word to an equivalent Finnish word by clicking the 'Suomeksi' button on the upper right hand corner of the web page.

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Surrender

Policyholder ends his/hers policy, which has savings, before maturity date and the company pays the surrender value of policy to the policyholder. Check surrender value.