TrygVesta's Corporate business will start to sell insurance to larger business
customers in Sweden in 2008 after having had success in relation to customer
focus and risk selection in Denmark and Norway.
The launch into Sweden will not have any significant economic impact in 2008
and 2009, but in the longer term TrygVesta sees substantial value creation
opportunities as the total market for Corporate insurance in Sweden is
approximately DKK 13bn.
“We have decided to expand our Nordic market position by selling insurance to
larger businesses in Sweden based on our successful experience of the Risk
Advisory concept and our Corporate business as well as we have seen a need from
Swedish businesses we've been in contact with since we launched our private
insurance in Sweden in 2006. We will start selling in the autumn of 2008”, says
Stine Bosse, CEO.
In order to provide the appropriate service, TrygVesta expands with an office
in Stockholm. Already established teams in Denmark and Norway will work closely
with the office in Stockholm in the servicing of Swedish customers.
The insurance products will include; auto, business interruption, property,
liability and corporate transport.
The daily responsibility of the Swedish Corporate insurance operation will be
by Lars Bonde, Chief Executive of Corporate.
