Självförsäkran

Självförsäkran is a Swedish term that translates to "self-insurance" or "self-undertaking." It refers to the practice where an individual or a company chooses to bear the financial risk of potential losses themselves rather than transferring that risk to an insurance company through a policy. This means that instead of paying premiums for coverage, the entity sets aside funds to cover any damages or losses that may occur.

This approach is often considered by larger corporations or individuals with substantial financial resources who can afford to absorb unexpected costs. It can be a cost-saving measure as it eliminates the administrative costs and profit margins associated with traditional insurance. However, it also exposes the entity to the full financial impact of a large or frequent claim, which could be devastating if not adequately provisioned for.

In a business context, a company might practice självförsäkran for specific types of risks that are deemed low probability or easily manageable within their own budget. This could include minor property damage, certain types of liability, or employee-related benefits. The decision to implement självförsäkran requires a thorough risk assessment and a robust financial planning strategy to ensure sufficient reserves are maintained. It is a deliberate choice to self-manage risk, often in contrast to seeking external insurance solutions.