Full resolution (JPEG) - On this page / på denna sida - VIII. Money and Banking
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the political situation has lessened their credit in
other countries.
Among the fire insurance companies the Fennia has
4 millions share capital and three-quarters of a million
reserve, and the Pohjola has 5 millions capital and a
quarter of a million reserve. At the end of 1898 the
latter had 418 million marks’ worth of insurances, of
which 317 millions were in Finland. To this must be
added estimated insurances of foreign companies worth
220 millions (Swedish companies over 151, English
over 68), making a total of 537 millions. The
amount of insurance during the year 1900 increased
by 76 millions. Russian insurance companies,
unlike Finnish and other foreign companies, are not
obliged to issue any report. The amount of their
insurance policies is calculated at 170 millions. This
gives a grand total of 707 millions. Among the
mutual benefit societies, the Society of the Country
has 114 millions in policies. The Society of the
Cities, with Dr. Axel Lille as manager, has 302
millions. There are several other considerable
associations for the provinces, for the saw-mill owners, for
country merchants, for personal estate (which latter
has policies to the value of 55 millions), the total
policies being worth 620 millions. Detailed reports
exist of the old insurance policies in the hundreds and
the parishes, where the premiums were a kind of tax
to be paid when the householder was not insured
elsewhere. They were estimated at 350 millions. The
grand total for all fire insurance is calculated at 1676
million marks.
A new Finnish company, the Osmo, with a capital of
half a million marks, does business in reinsurance.
For insurance of transport and maritime insurance
there exist two Finnish companies, the best known
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