Name

AFA Försäkring

Legal name

Afa Försäkring tjänstepensionsaktiebolag

Website

https://afaforsakring.se

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Collective Occupational Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Direct Health and Medical Insurance Carriers (524114)

SIC

Accident & Health Insurance (6321), Life Insurance (6311)

akta.pro primary industry

Group Disability Income Insurance (Employer-Sponsored) (FSAIAIAB)

akta.pro secondary industry

Association & PEO Group Health Plans (AHP/PEO-Sponsored) (FSAIAFAH)

Keywords

• Occupational insurance
• Collective bargaining insurance
• Work injury coverage
• Group life insurance
• Employee benefits plans

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premiums: Afa Försäkring collects premiums from employers who are signatories to collective agreements. Premiums are paid by employers as part of the collectively negotiated insurance package and are typically not deducted from employee salaries. Premium income was stated as 1.4 billion SEK.
2. Capital Management Returns: The company manages a capital portfolio of over 200 billion SEK. Investment returns help fund future insurance commitments and keep premium costs low for employers.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

AFA Försäkring is a Swedish mutual insurance company that provides collectively negotiated insurance products covering sickness, occupational injury, redundancy, death, and parental leave to 5.4 million employees through Swedish collective bargaining agreements. The company also funds occupational health research (150 million SEK annually) and operates workplace safety services including an incident reporting system, rehabilitation grants, training support, and a statistical analysis service derived from its claims database.

Product overview

AFA Försäkring is a collectively agreed insurance company (under the collective agreement system) offering a portfolio of insurance products and workplace health services. The core products are seven main insurance types: Sjukförsäkring (AGS/AGS-KL) for sickness benefits, Arbetsskadeförsäkring (TFA/TFA-KL/PSA) for work injuries, Försäkring vid arbetsbrist (AGB) for redundancy, Tjänstegrupplivförsäkring (TGL) for death benefits, Föräldrapenningtillägg (FPT) for parental leave, and pension contribution insurance. These are collectively agreed upon through Swedish labor market agreements and provide supplementary coverage to the public social insurance system. Supporting the insurance portfolio, AFA provides prevention and research services including the IA-systemet (incident reporting system), rehabiliteringsstöd (rehabilitation support), arbetsmiljöutbildning (workplace training support), FoU research funding of 150 million SEK annually, and statistical analysis services. Customers access services through digital portals including Mina sidor for policyholders and e-tjänster for employers. The company also publishes Trygg på jobbet magazine and organizes seminars on occupational health topics.

Differentiator

Problem solved

Functional benefit

Products and services

• Sjukförsäkring (AGS / AGS-KL) — Sickness Insurance Collectively negotiated sickness insurance providing supplementary compensation to public health insurance from Försäkringskassan for employees on sick leave. AGS covers private sector employees from day 15; AGS-KL covers municipal and regional employees from day 91. Includes a pension contribution component that maintains retirement savings during sick leave.
• Arbetsskadeförsäkring (TFA / TFA-KL / PSA) — Work Injury Insurance Collectively negotiated work injury insurance for occupational accidents, commuting accidents, and occupational diseases. Provides compensation for pain and suffering, income loss, scars, costs, and medical disability from work-related injuries.
• Försäkring vid arbetsbrist (AGB) — Redundancy Insurance Collectively negotiated insurance that pays a lump sum of 36,500 to 53,000 SEK to private sector employees aged 40+ who are made redundant due to lack of work, with the amount depending on employment tenure.
• Tjänstegrupplivförsäkring (TGL) — Group Life / Death Benefit Insurance Collectively negotiated death benefit insurance providing funeral assistance and financial support to surviving dependents when an insured person passes away.
• Föräldrapenningtillägg (FPT) — Parental Leave Benefit Supplement Collectively negotiated parental leave insurance that provides additional compensation to employees on parental leave on top of the public parental benefit (föräldrapenning) from Försäkringskassan.
• Inbetalning till tjänstepension — Pension Contribution Insurance Collectively negotiated pension contribution insurance that maintains retirement pension savings when employees are not receiving a salary from their employer due to illness, work injury, or parental leave. Includes premium exemption insurance.
• IA-systemet — Workplace Incident Reporting Service Web-based incident reporting system for workplaces that supports systematic work environment management by enabling the reporting of incidents, near-misses, and positive observations, primarily for employers and safety representatives.
• Rehabiliteringsstöd — Rehabilitation Support Grants Grants provided to employers to fund work-oriented rehabilitation measures that help employees return to work after illness or injury.
• Stöd för arbetsmiljöutbildning — Workplace Safety Training Support Financial support for employers and workplace safety representatives to run occupational health and safety training programs that build a shared preventive knowledge base.
• Forskning och utveckling (FoU) — Occupational Health Research Funding Program Annual research funding program (around 150 million SEK per year) that finances academic research on occupational health, work environment, and workplace injury prevention, with results published as practical prevention tools.
• Statistik och analys — Occupational Injury and Sick Leave Statistics Service Statistical analysis service providing data on workplace injuries and sick leave patterns in Sweden through interactive tools and reports, derived from AFA Försäkring's insurance claims database.

Quantifiable outcome

• 5.4 million employees insured through collectively negotiated insurance
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Trygghetsfonden TSLcoreStrategic or Co-development PartnerTrygghetsfonden TSL (Trygghetsrådet) is a joint foundation established by Svenskt Näringsliv and LO in 2004 to help employees who have been made redundant find new employment, start businesses, or begin studies. Afa Försäkring collaborates with TSL to inform about the AGB (redundancy insurance) coverage, with TSL handling re-employment support and Afa handling financial compensation for eligible redundant workers aged 40+.
• Svenskt NäringslivcoreStrategic or Co-development PartnerSvenskt Näringsliv (Confederation of Swedish Enterprise) is one of the three co-owners of Afa Försäkring, representing employers in the private sector. The organization negotiates collective agreements that include Afa's insurance products and represents employer interests in the Swedish labor market.
• LO (Landsorganisationen i Sverige)coreStrategic or Co-development PartnerLO (Swedish Trade Union Confederation) is one of the three co-owners of Afa Försäkring, representing 14 affiliated trade unions covering approximately 1.5 million private sector workers. LO negotiates collective agreements that include Afa's insurance products.
• PTK (Försäkringsbranschens och ITP-planens arbetsgivarorganisation)coreStrategic or Co-development PartnerPTK is one of the three co-owners of Afa Försäkring, representing employers in the insurance and IT sectors. PTK negotiates collective agreements that include Afa's insurance products for white-collar workers in these sectors.
• SKR (Sveriges Kommuner och Regioner)coreStrategic or Co-development PartnerSKR (Swedish Association of Local Authorities and Regions) represents employers in the public sector (municipalities, regions, and the Swedish Church). Afa Försäkring provides insurance products specifically designed for public sector employees through agreements with SKR.
• Byggbranschens SäkerhetsparkminorStrategic or Co-development PartnerCollaboration to provide safety training facilities for the construction industry. The safety park offers hands-on training for construction workers on workplace hazards and safe practices.
• Svenska JudoförbundetminorStrategic or Co-development PartnerCollaboration on fall prevention research and training. The judo-based fall competency program developed through this partnership helps prevent fall injuries among elderly and in workplace settings.
• PreventminorStrategic or Co-development PartnerCollaboration on workplace health and safety resources. Prevent provides tools, checklists, and educational materials that complement Afa Försäkring's prevention efforts.
• SuntarbetslivminorStrategic or Co-development PartnerCollaboration on workplace health resources and tools. Suntarbetsliv provides dialogue tools and resources for organizational health that complement Afa Försäkring's prevention programs.
• EricssonminorOthersAfa Försäkring participates as a representative on Ericsson's Nomination Committee for the Annual General Meeting 2027, representing shareholder interests in board nominations.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Alecta: Alecta is the Swedish ITP occupational pension provider jointly managed by employer and employee organizations. It mirrors AFA's tripartite ownership model and operates within the same collectively-bargained insurance framework for Swedish white-collar workers.
• Folksam: Folksam is a Swedish mutual insurance company jointly owned by trade unions, employers, and cooperatives. Like AFA, it serves a broad Swedish customer base through collectively-negotiated and association-sponsored arrangements, making it the closest structural peer in the Swedish group/collectively-bargained insurance market.
• Skandia: Skandia is a major Swedish life and pension insurer offering collectively-negotiated pensions and insurance linked to Swedish collective agreements. It competes with AFA in the same collective-bargaining infrastructure and serves overlapping employers and employees.
• KPA Pension: KPA Pension provides pension and group insurance for municipal and county council employees in Sweden under collectively negotiated agreements. It directly parallels AFA's AGS-KL and pension contribution products for the public sector.
• Länsförsäkringar: Länsförsäkringar is a Swedish mutual insurance group organized as a federation of regional insurance companies, providing life, health, and property insurance to Swedish customers. Its mutual structure and Swedish market focus make it a comparable peer for organizational model and customer base.
• Trygg-Hansa: Trygg-Hansa is one of Sweden's largest non-life and personal insurance providers. While it focuses more on retail and commercial P&C, it serves many of the same Swedish employers and competes for share of the group/employee benefits wallet.
• Handelsbanken Liv: Handelsbanken Liv is the life insurance subsidiary of Handelsbanken offering unit-linked and traditional life and pension products in Sweden. It operates in the same collective pension and group life arena where AFA's tjänstepension and TGL products compete.

Broad incumbents

• Unum Group: Unum Group is the largest U.S. provider of group disability insurance (short- and long-term), group life, and supplemental health products. As a global incumbent in group disability income insurance, it competes with AFA for the same product category on a much broader geographic footprint.
• MetLife: MetLife is a global insurance and employee benefits leader offering group disability, group life, dental, and accident & health coverage to employer clients. It is comparable as a broad incumbent with overlapping product lines in employer-sponsored group benefits.
• Cigna Group: Cigna is a major global health services and insurer offering employer-sponsored accident, health, disability and supplemental benefits. It is comparable as a broad incumbent competing in the same employer-sponsored supplemental health and group benefits space as AFA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/showcase/forebygg-arbetsskador-och-ohalsa-med-afa-forsakring
• Xx.com/afaforsakring
• Facebookfacebook.com/afaforsakring

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AFA Försäkring