Regulatory Alerts2024-09-17
Regulations amending Finansinspektionen’s regulations regarding insurance distribution (FFFS 2024:13)
Finansinspektionen issued regulations amending FFFS 2018:10 to update minimum financial coverage requirements for liability insurance intermediaries in Sweden. The new rules mandate minimum coverage amounts of EUR 1,564,610 per claim and EUR 2,315,610 annually, with higher thresholds scaling based on the number of employees for intermediaries providing compensation instead of insurance. These amendments enter into force on 09 October 2024 to align with European Insurance Distribution Directive standards.
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