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INSURANCE. 1047
Table 162. The life insurance business of Swedish companies.1 Net.
Average for the years Premiums. Kronor. Paid
compensations. Kronor. Insurance funds at the end of the period. Kronor. Insurances in force at the end of the period." Kronor. Insurance amount per inhabitant. Kronor.
In 1855........................33,833 — 33,483 1,382,300 0 38
1856 60........................233,820 66,399 552.508 10,069,997 261
1861,65......................334,859 121,115 1,203,892 12,531,002 3 06
1866/70........................595,743 201,797 2,244,220 23,486,931 563
1871/75........................1,508,940 369,559 6,240,578 58,948,152 1346
1876 80........................2,559,708 843,014 12,224,764 84,377,828 18-48
1881/85........................4,433,236 1,455,629 23,768,849 155,677,025 33 24
1886 90........................7,668,032 2,432,461 44,333,121 259,860,821 5431
1891/95........................10,829,806 3,940,730 73,567,205 360,479,566 7328
1896.00........................15,900,403 5,850,356 117,693,408 540,201,865 10517
In 1901........................19,013,049 7.435,506 128,249,631 578,096,848 11170
i » 1902»....................20,490,000 7,700,000 138,200,000 617,400,000 118-76
The most general forms of insurance are the usual life insurance, with
premium payment during the whole life-time or only during certain years, and
the mixed life and endowment insurance, when the insurance sum is due at a
certain age (generally at an age of 55 or 60) or earlier, in case of death. Since
about 1890 so-called children’s insurances are also written, when the companies’
real liabilities of responsibility do not begin till after the insured has reached 20
years of age, though the premium payment as usual commences at the conclusion
of the insurance. Among other forms of insurance may be mentioned donation,
equipment, partnership, widow’s pension, and »karens»-insurance (without medical
examination), life insurance for a short time, and insurance of two lives.
For the extension of the insurance business to the lower classes, great efforts
have been made during the last years, by the older companies, among which the
average insurance sum per insured has consequently shown a strong tendency
to go down, as well as by new companies which have made it their special
task to give so-called industrial labourer insurance after the example of foreign
companies.
As regards the compass of the life insurance taken alone or in
connection with other personal insurance, in numerous larger and
smaller funds and associations of many kinds, we refer to the end of
this work.
The private annuity and capital insurance institution of the Civil
service and 14 public insurance institutions of the same kind in 1901
paid out a total in annuities of about 461,000, in amassed capital 598,000,
and in inheritance and annuity profits 451,000 kronor; the administered
funds in these institutions amounted in the same year to about 50
million kronor.
Accident insurance has in Sweden already become introduced to
quite a large extent, although the first institution for such insurance,
the joint-stock company Fylgia, is not quite 23 years old (sanctioned
1 The statements concerning the insurance amounts only Telate to the real life
insurances; the other figures, on the other hand, also include life-annuity and capital
.insurances, etc. — » For one company it has only been possible approximately to calculate
these netto amounts for the periods 1866/85. — * Preliminary statements.
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