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692
XI. BANKING, CREDIT, AND INSURANCE.
other combinations. Insurances of these kinds can as a rule be obtained with
or without medical examination. In the latter case the companies safeguard
themselves against the risks of bad selection by a restriction of the company’s
liability during a certain term ("karens"). The Swedish term for insurance of
this latter kind is "harensförsäkring".
Vigorous efforts have been made during recent years to extend the benefits
of insurance to the lower classes, both by the older companies in which the
average insurance sum per policy-holder has in consequence shown a certain
tendency to diminish, and also by certain institutions that have made it their
special business to grant what is termed "folkförsäkring" (industrial insurance),
modelled on similar institutions abroad.
In 1906 was formed the Svenska lifförsäkringsbolaget direktörsförening (the
Swedish Life Insurance Companies Directors’ Association), which, embracing
as it now does practically all the Swedish life insurance companies, forms a
rallying-point for deliberations on the common interests of the companies.
As regards the extent to which life insurance occurs, whether alone or
along with other forms of personal insurance, in numerous funds and
societies of divers kinds, large and small, the reader is referred to the section
Social Movements (p. I. 631).
The 14 public interest and capital insurance institutions (ränte- och
liapi-talförsähringsanstalter) and that belonging to the "Civil Service"
(Civilstaten) paid out in 1912 in annuities a total of 892 135 kronor, in
accumulated capital 558 770 kronor, and in inheritance and annuity benefits
669 627 kronor; the funds administered in these institutions amounted in
the same year to 64 362 727 kronor.
Accident Insurance was carried on in Sweden, as in other Scandinavian
countries, prior to 1881 only by foreign companies, and on quite a minor
scale. In 1881, however, the Fylgia Company was formed, and several
other accident insurance companies were successively founded. Besides
Fylgia, the following joint-stock companies carried on accident insurance
in Sweden in 1911: Skandinavien (since 1886), Norden (1888), Heimdall
Table 142. Business transacted by the Accidence Insurance Companies.
Gross.
Annually Average per annum, during the period, of Number of persons insured at the end of the period Total
premiums [-compensations-] {+compen- sations+} paid privately collectively, irrespective of the Act of 1901 legally insured
1882-85 ..... 229 857 96 439 12 988 3 718 16 706
1886-90 ..... 617 642 331 979 38 337 54138 — 92 475
1891—95 ..... 1 086 093 699 540 37 067 77 395 — 114 462
1896-00 ..... 1 508 594 931 472 48 247 133 655 — 181902
1901-05 ..... 2 475 082 1 444 806 46 920 63 876 183 021 293817
1906-10 ..... 3 638 715 2 269 023 71666 85 361 158 661 315688
1911....... 4 011996 2 469 277 73 774 90 141 157 839 321 754
1912....... 4 221 953 2 657 691 77 869 93 076 157 244 328 189
1913....... 4 257 837 2 806 841 79 016 92 696 158 902 330 614
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