Swedes are turning to private insurance to protect themselves from "rainy days". Photo: David Magnusson / SvD / SCANPIX
Social Welfare

Private Insurance Rising in Popularity

Private insurance in Sweden is on the rise, according to a report from insurance company Folksam.

In a country known for its strong social welfare system, it may seem like a paradox that private health, unemployment and accident insurance is growing increasingly popular.

Four out of ten employed Swedes have some form of private health insurance, while three in ten have private unemployment insurance to supplement their income if they lose their jobs, according to the report.

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