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OP Insurance to become Pohjola Insurance as of 1 June

OP Financial Group’s non-life insurance business will officially change its name from OP Insurance Ltd to Pohjola Insurance Ltd on 1 June 2019.”The Pohjola brand, familiar to Finns, will be taken into use again as of the beginning of June when OP Insurance will be renamed Pohjola Insurance. Pohjola Insurance is Finland’s leading non-life insurer with a total of 2.5 million private and corporate customers”, says Olli Lehtilä, Executive Vice President, Insurance Customers, OP Financial Group. The company name in Finnish will be Pohjola Vakuutus and in Swedish Pohjola Försäkring. Pohjola

April to October is the season of bicycle thefts – the summer period stands out in OP’s non-life insurance claims

Up to 40% of the crime-related non-life insurance claims received by OP are linked to bicycles. The odds of a bicycle being stolen on the street or from inside a bicycle storage are much greater than a bicycle being subjected to vandalism. Most often, it is a case of an unlocked bicycle stolen, for example, in a public place.The warmer spring weather marks the start of the cycling season. Typically, this also signifies an increase in theft and vandalism. Bicycles are stolen round the year but the summer months are the busiest time for this type of crime. “The number of bicycle-related

OP: A record number of large insurance claims in 2018

2018 was a record year in terms of large insurance claims according to OP Financial Group’s statistics. This was particularly due to the economic upturn that boosted business activity, as well as exceptional weather and natural conditions.In January–December, OP’s Non-life Insurance recorded 98 large claims under property and general liability insurance, compared to 85 in 2017. Claims expenditure on large claims totalled EUR 107 million, while this was EUR 78 million a year earlier. A large claim refers to a claim that equals or exceeds EUR 0.3 million. These typically include major fires

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