Folksam partners with Swedish City Mission to provide insurance cover for cooperative housing projects

6 June 2024

Stockholms Stadsmissions socialt hållbara hyreshus  i Farsta strand. Maj 2024.

Swedish ICMIF member Folksam has announced that it is providing comprehensive and affordable home insurance for tenants of a new apartment building which offers sustainable housing in the Farsta strand suburb of Stockholm. To do this, Folksam is working with Stockholms Stadsmission (Swedish City Mission) and the insurance cover is included in the rent to live in the apartments in the new building.

Stockholms Stadsmission says it is seeing more and more people who are without safe, long-term housing for reasons such as limited finances or lack of networks that can help them enter the regular housing market. The new property contains 40 cooperative rental apartments for a variety of sizes of household.

The apartments are aimed at people who find it difficult to get long-term housing on their own and tenants started to move into the apartment building on 31 May 2024. The new collaboration between Folksam and Stockholms Stadsmission initially includes a group-agreed and comprehensive home insurance including all-risk protection.

“We are pleased with the new, long-term collaboration with Stockholms Stadsmission. We hope that we can now offer the people who move in with a comprehensive insurance product which will be able to provide extra security,” says Jens Wikström, Business Area Manager at Folksam Sak.

“Stockholms Stadsmission is very pleased with this collaboration. Home insurance is a fundamental and important part of people’s housing and thanks to this solution through Folksam, we can offer all our tenants simple and safe insurance from day one,” says Tanja Küller, Deputy Area Manager Housing at Stockholms Stadsmission.

From 1 August 2024, the collaboration will be expanded to include all of Stockholms Stadsmission’s other tenants in Greater Stockholm, approximately 170 households.

About Stockholms Stadsmission

Stockholms Stadsmission is a non-profit organisation that works to create a more humane society for everyone by working with social care, housing, education and work integration. Something the organisation has done ever since 1853 when it was formed to support the most vulnerable in society.

 

For member-only strategic content on the cooperative/mutual insurance sector, ICMIF members have exclusive access to a range of online resources through the ICMIF Knowledge Hub.

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