f insurance is the leading property and casualty insurance company in Nordic region
If concern was established in 1999 by joining together the Scandinavian companies Skandia and Storebrand. In February 2002, Sampo P&C joined to the concern. Presently, more than 8000 employees are working in the concern, providing service for more than 3,5 mil. clients.
In the Latvian market, If Latvia started its business already in 1998 as Sampo group company, at that time working under the name of Sampo Latvija.
As in 2001 the Sampo concern joined together its non-life insurance transactions with If, Sampo Latvija became If concern company and changed the name to If Latvia.
Today If offers full range of risk insurance services both, for companies and private persons in all Scandinavian and Baltic countries.
If name reflects approach towards clients: “ if something happens…. we will help!” Relax we`ll help you!
Currently, there are 139 employees; customer service centres are in Riga, Valmiera, Liepāja and Jelgava.
ervices imply the prevision or prevention of an accident still before it has happened. Along with a client we:
Identify potential risks
Evaluateand define level and consequences of risk possibility
Decide how to manage risk. The client has to choose between …
its prevention or delay
its minimising
learning to get on with it
preparation, for example, for finding out about fire alarm and rescue procedures
concluding an insurance contract with us and therefore handing over full financial responsibility
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here are things that are above money earning – we care about people’s sense of stability and safety. If basis: think progressively easy to be reached and contact be reliable and enthusiastic Every party involved in our activities has its own interests related to safety and stability: with the help of risk control we take care of client’s financial safety and stability before and after insurance case setting in; we offer permanent labour environment to our experienced employees; ensure stable capital return and revenues to our owners via investment. |
SWOT
STRENGHTS
IF is the leading property and casualty insurance company in Nordic region
If is the leading P&C insurance company in the Nordic and Baltic regions
High-quality insurance products and services to both people and businesses.
They actively work to prevent damage and accidents, helping create a safer and more secure life for our customers and the society at large.
OPPORTUNITIES
Developing market for insurance in online.
New risk managing technologies.
WEAKNESSES
Lack of new products need different type of products.
Consumer loyalty is weak.
THREATS
Strong competition.
.Price war in insurance market.
Some American insurance company may start insurance business in same region.