The move comes as Sweden’s property and casualty (P&C) insurance sector continues to grow. Premium income for non-life insurance, which includes property, reached nearly SEK 26 billion in the fourth quarter of 2024, up about 7% year on year, according to Svensk Försäkring. The market remains concentrated, with four insurers, namely Länsförsäkringar, If Skadeförsäkring, Trygg-Hansa and Folksam, accounting for more than 80% of non-life premiums.