Summary of the 2017 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, compensation and actuarial affairs

The number of environmental impairment liability insurance policies totalled 1,441 (1,425). One new environmental damage report was filed. The handling of pending damage cases was continued. In two cases, the matter was referred to a public court of law with the Centre as a recourse creditor.

The share of the insurance premium income for EIL insurance provided by the Centre's member companies rendered to the pool was EUR 1.9 (1.9) million. Of this, EUR 1.7 (1.7) million was allocated for covering the risk caused by unknown and uninsured parties causing damage, and EUR 0.2 (0.2) million for reinsurance premiums covering the risk of insolvent policyholders. Penalty premium income from uninsured amounted to EUR 6,500 (900). A total of EUR 27,400 (71,900) was paid out in compensation during the year.

The calculations required for the pay-as-you-go system were prepared, based on which the final adjustment for 2016 and the advance adjustment for 2017 were made and the pay-as-you-go payment for 2018 was determined. The average insurance premiums for 2018 on which the penalty premium for parties obligated to insure that have neglected to take out insurance are based were determined.

Changes in the operating 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. The repealing of the 'Block Exemption Regulation' in March was taken into account in the assessment. On the recommendation of the working group, the Centre's Board of Directors decided to replace the pool agreement with a new agreement on the division of responsibilities (effective as of 1 January 2018).

In August, the Centre's Board of Directors decided to lower the premium per mills by 12% as of 1 January 2018. No changes were made to the risk classification of industries.

In connection with the update of the Environmental Protection Act, the environmental permit procedure was made less stringent by reducing the number of operations subject to permit that are included in the national list of plants. The permit requirement was lifted for operations whose environmental impact is negligible at a general level.

The new Act on the Environmental Impact Assessment Procedure entered into force in May. Additionally, the Ministry of the Environment initiated investigations concerning a new act that is to replace the waste management work system.

The term of the working group under the Ministry of Justice set up for revising bankruptcy legislation was further extended to March 2018.

Assessment of likely future development

The Centre is an active operator in the changing operating environment. 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 other environmental legislation that are potentially continuing in the Ministry of the Environment.


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

A few example cases of compensations were added on the website. The 'Environmental impairment liability insurance in Finland' brochure was updated towards the end of the year.


The Insurance Centre's office is shared between the Motor Insurers' Centre, the Patient Insurance Centre, the Pharmaceutical Insurance Pool and certain other pools. The operating costs are divided between the organisations in the group on an incurrence basis.

Bodies in 2017


  • Matti Sjögren, If, Chair
  • Mika Aho, Fennia
  • Maria Blomstedt, Folksam
  • Kristiina Ellmén, OP, Vice-Chair
  • Mikko Suomalainen, LocalTapiola

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 until 29 September 2017
  • Ville Lilja, Director of Actuarial Affairs starting from 20 November 2017
  • 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.