Summary of the 2016 annual report

The Finnish Environmental Insurance Centre (YVK) is the cooperative body for all insurance companies that engage in environmental insurance activities in Finland.

Insurance and claims

The number of insurance policies totalled 1,425 (1,441). The share of the insurance premium income in 2016 (for EIL insurance performed by member companies of the Centre) rendered to the pool was EUR 2.1 (2.1) million. Of this, 90% or EUR 1.9 (1.9) million was allocated for covering the risk caused by unknown and uninsured parties causing damage, and 10% or EUR 0.2 (0.2) million for reinsurance premiums covering the risk of insolvent policyholders. Penalty premium income from uninsured amounted to EUR 900. Compensation totalling EUR 66,900 (47,400) was paid out during the year.

No new environmental damage reports were filed with the Centre in 2016.


The calculations required for the pay-as-you-go system were prepared, based on which the final adjustment for 2015 and the advance adjustment for 2016 were made and the pay-as-you-go payment for 2017 was determined. The average insurance premiums for 2017 on which the penalty premium for parties obligated to insure that have neglected to take out insurance are based were determined.

Operating environment

In 2015, the Ministry of the Environment prepared a draft for the Government Proposal for amending the Environmental Protection Act, and the changes to increase and define in greater detail the powers of the authorities proposed therein were endorsed by the Centre. However, this regulation did not process during 2016. The decision of the Ministry of the Environment on the further development of the financing model for the secondary environmental liability system has been delayed, and no progress was made in the matter during 2016.


In 2016, the operation of the Talvivaara (Terrafame) mine became an object of special interest for the media. A news release was updated on the website and interviews were given on the topic.

The crisis communications plan was tested by means of an exercise. Media training sessions were continued on a regular basis, as part of standard operations. The Board of Directors took the position that cases received from the Environmental Insurance Board may be published on the YVK website.

Assessment of likely future development and R&D activities

The operating environment is changing and the Finnish Environmental Insurance Centre is active in this change. The Centre monitors the legislative developments in the field and is prepared to participate in the further development of the financing model for the secondary environmental liability system and in the preparation of the further reform of the Environmental Protection Act that are potentially continuing in the Ministry of the Environment.

In 2016, the Centre set up an internal working group for conducting a competition-law-based self-assessment on the operations of the Finnish Environmental Insurance Centre and the Finnish Environmental Insurance Pool. It was foreseen that the 'Block Exemption Regulation' by the Commission will be repealed. The work carried out by the working group was monitored during 2016 by the Centre's Board of Directors, and the self-assessment will be continued.

Bodies in 2016


  • Matti Sjögren, If, Chair
  • Pekka Mäkinen, Fennia, Vice Chair
  • Maria Blomstedt, Folksam
  • Kristiina Ellmén, Pohjola
  • Mikko Suomalainen, LähiTapiola

Executive management of YVK in the Insurance Centre Group

  • Ulla Niku-Koskinen, Managing Director
  • Jari-Matti Lifländer, Director of Administration
  • Janne Jumppanen, Director of Motor Liability Insurance Unit responsible for environmental insurance
  • Asko Nio, Compensation Practice, Director of Patient Insurance Unit
  • Simo Sarvamaa, Director of Actuarial Affairs
  • Leena-Mari Tanskanen, Head of Communications
  • Visa Kronbäck, Manager of Legal Matters


Oy Tuokko Ltd

  • Jari Miikkulainen, APA
  • Janne Elo, APA

Jari Miikkulainen, APA, served as the controlling auditor.

The official annual accounts are available for viewing at the YVK office, Itämerenkatu 11–13, Helsinki.