Life Insurance
Sampo Group's life insurance operations are handled by Mandatum Life. Mandatum Life, a respected expert in money and life, offers private and corporate customers services in wealth management, rewards and incentives and personal risk insurance. The company's main area of operation is Finland, where it has 250,000 private customers and 25,000 corporate customers. In addition, Mandatum Life Insurance Baltic SE operates in all of the Baltic countries.
The focal point of Mandatum Life's insurance operations is wealth management and sales of unit-linked insurance policies and risk insurance. In 2012, Mandatum Life's market share of unit-linked policies was 26.2 per cent. The total market share of direct insurance in Finland was 24.5 per cent, and the market share in the Baltic countries was 11 per cent in 2012.
Innova Personnel Fund and Pension Services Ltd. is a subsidiary of Mandatum Life that was acquired by the company in 2011. Innova has a staff of roughly 30. All in all, Mandatum Life Group employs approximately 550 professionals in insurance and wealth management.
Services:
Wealth management
Mandatum Life provides wealth management and investment services for both private and institutional invested capital. More than 70 investment professionals ensure the growth and management of the wealth of the company's customers.
Personal risk insurance
Mandatum Life offers its private customers directly, and also its corporate customers, as part of their commitment and incentive systems, comprehensive personal cover in the event of critical illness, death, disability and accidents.
Pension saving
Mandatum Life offers its corporate customers the opportunity to reward and encourage the commitment of its personnel through group pension insurance.
Personnel fund and pension services
Mandatum Life's subsidiary Innova offers its services to companies, public administration, personnel funds and pension foundations and funds. Innova helps in setting up pension cover, in reporting pension costs, and in establishing and maintaining pension foundations and funds. A personnel fund is a popular form of rewarding and encouraging the entire staff of a company.