Mandatum Life Group is one of Finland’s most respected and solvent financial services providers and part of the successful Sampo Group. We provide our customers with a variety of services, including wealth management, investments, savings, personal risk insurance as well as incentive and reward solutions. Finnish company Mandatum Life Insurance Company Limited in Latvia, Lithuania and Estonia operate through branch offices. We implement our services through various insurance contracts.
Mandatum Life Group has an estimated 300,000 customers in Finland and Baltics.
Our corporate responsibility is based on the cornerstones of our operations: increasing and securing the financial welfare of our customers and safeguarding against risks.
Financial responsibility is the foundation of Mandatum Life’s business
Financial responsibility at Mandatum Life means ensuring the continuity, profitability and solvency of operations in all market situations. At the heart of financial responsibility lies the sustainable and responsible management of customers’ insurance-related liabilities and customer investments. A further key component of financial responsibility is careful risk management.
Mandatum Life’s solvency is at a good level (2017: 182%). Good solvency and profitability mean that Mandatum Life takes care of its customers’ pensions and compensations, whatever the situation or economic environment might be. Mandatum Life is a key societal contributor and employer. The company believes that employee well-being shows in more satisfied customers and as a result, also in better business.
Mandatum Life’s Wealth Management signed the UN’s Principles for Responsible Investment (UN PRI) in 2011 and investment operations linked to the management of customers’ wealth are implemented according to these principles. Committing to the principles means incorporating issues concerning the environment, the society and good corporate governance in the investment process and their promotion and inclusion in the reporting of investment operations. The company sees that in the long run, successful companies are the ones that operate responsibly.
In September 2015 Mandatum Life Investment Services joined the Portfolio Decarbonisation Coalition. The coalition aims to reduce the carbon footprint of investments globally. In 2015 the company also made a commitment to the BSAG to restore the good ecological state of the Baltic Sea. Mandatum Life has contributed to advancing this mission with annual donations and by increasing investors’ awareness of their influence in solving environmental challenges. Mandatum Life is also a member of FINSIF (Finland’s Sustainable Investment Forum).