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The Finnish Environmental Insurance Centre ultimately safeguards the rights of an injured party by handling environmental damage caused by the unknown, uninsured and insolvent. Its members include all insurance companies granting environmental impairment liability insurance policies in Finland.
Duties of the Finnish Environmental Insurance Centre:
- Taking care of damage caused by the unknown, uninsured and insolvent
- Taking care of claims settlement procedures in case of any other damage that the member companies have transferred to the Finnish Environmental Insurance Centre
- Collecting compensation for the failure to insure
- Calculating risk premiums
- Issuing instructions that promote the insurance business
- Handling communications regarding EIL insurance
- Promoting cooperation between its member companies