Sampo Group

Annual Report 2011
Corporate Responsibility in 2011
Management Incentive Schemes

Personnel in 2011

The number of full-time equivalent staff decreased to 6,810 employees (6,844) as at 31 December 2011. In P&C insurance, the number of staff mainly decreased in Sweden and the Baltic and Russian operation. In life insurance, the number of staff increased in Finland.

During 2011, approximately 92 per cent of the staff worked in P&C insurance, 8 per cent in life insurance and 1 per cent in the Group’s parent company Sampo plc. Geographically, 32 per cent worked in Finland, 27 per cent in Sweden, 22 per cent in Norway and 20 per cent in the Baltic countries, Russia, Denmark and other countries. The average number of employees during 2011 was 6,874, which compares to an average of 6,914 during 2010.

During 2011, If P&C’s personnel strategy continued to be influenced by the theme of the corporate strategy ‘Skills and Initiatives’ launched in 2010. The aim of this initiative is to bolster If’s value creation by increasing the company’s focus on intangible assets such as customer orientation, competence creation and the ability to innovate.

Mandatum Life’s HR policies focused during 2011 on the development of customer focused culture, internal cooperation and high standard personnel management processes.

More detailed information on personnel in Sampo Group is available in the section Personnel in the Annual Report 2011. 

Corporate Responsibility in 2011
Management Incentive Schemes