Electrolux Försäkrings AB is a specialised insurance subsidiary of the Electrolux Professional Group, providing surety bond solutions under the European Solvency II framework — Class 15 Suretyship.
Explore Our ServicesElectrolux Försäkrings AB (Electrolux Insurance Co. Ltd.) is a dedicated insurance entity operating within the Electrolux Professional Group. We specialise exclusively in the sale of surety bonds — classified under Class 15 (Suretyship) of the EU Non-Life Insurance Directive (Solvency II).
Our mission is to provide reliable, transparent surety solutions that support contractual obligations and regulatory requirements for businesses operating across the European market.
Licensed under the EU Solvency II Directive for Class 15 non-life insurance activities.
Backed by the financial strength and reputation of the Electrolux Professional Group.
Dedicated exclusively to surety bonds — ensuring deep knowledge and tailored solutions.
Under the EU Solvency II Directive (Annex I), Class 15 covers suretyship insurance — both direct and indirect.
A surety bond is a three-party agreement between the principal (the party obligated to perform), the obligee (the party requiring the bond), and the surety (the insurer guaranteeing performance). As a Class 15 licensed insurer, we provide guarantees that contractual, regulatory, and financial obligations will be fulfilled.
Performance bonds, payment bonds and maintenance bonds guaranteeing that contractual obligations — including construction and procurement contracts — are fulfilled as agreed.
License and permit bonds, tax bonds, customs bonds and other regulatory bonds that ensure businesses comply with statutory requirements and governmental regulations.
Bonds issued directly by our company as the surety, providing a first-party guarantee to the obligee that the principal will meet their obligations in full.
Reinsurance arrangements where we accept surety risk from other insurance undertakings, providing capacity and risk-sharing across the European market.
Bonds required in the context of legal or judicial proceedings — including appeal bonds and fiduciary bonds — guaranteeing compliance with court-mandated obligations.
Bonds providing financial assurance for obligations such as advance payment guarantees, bid bonds, retention bonds and warranty guarantees in commercial transactions.
Under the EU Solvency II Directive (Directive 2009/138/EC, Annex I), non-life insurance is categorised into 18 classes. Class 15 covers suretyship — both direct and indirect. It is grouped alongside Class 14 (Credit Insurance) under the combined category of "Credit and Suretyship Insurance."
As part of an international group, we are exposed to strategic, operational, and financial risks managed through a systematic framework.
The Board of Directors holds ultimate responsibility for risk oversight. The Enterprise Risk Management (ERM) governance structure follows a three lines of defence model, defining roles, responsibilities, and relationships between risk management functions. Certain risks are transferred to established and internationally recognised commercial insurance markets.
The CEO, Group Management, and Business Functions own the risks, ensure ongoing monitoring, and take responsibility for addressing them.
The ERM Board — consisting of the Group CEO, CFO, General Counsel, and Group Risk Manager — provides oversight, support, and consultation.
Internal Audit independently evaluates the effectiveness of risk governance, risk management processes, and the implementation of internal controls.
Demand for the Group's products depends on the general economic climate, influenced by macroeconomic factors in the countries and regions where the Group operates.
Risk management: Addressed through strategic plans and business decisions at Board and management level. Materiality: Moderate.
Market accessibility is affected by geopolitical decisions, sanctions, export controls, and broader political dynamics such as protectionism and tariffs.
Risk management: Close monitoring of political developments in exposed markets, with readiness to adapt for business continuity. Materiality: Moderate.
Climate change is expected to drive geographic shifts affecting the customer base. In a high-warming scenario, significant portions could face elevated risks by 2050.
Risk management: Geographic shifts monitored through strategic planning. Seasonal shifts may create new business opportunities. Materiality: Moderate.
Operations depend on the timely supply of components and raw materials. Shortages, single-source dependencies, and increased costs pose ongoing risks.
Risk management: Building a robust, flexible supply chain with multiple sourcing. Regular supplier audits and long-term agreements in place. Materiality: Substantial.
The Group operates across many jurisdictions with varying legislation. Non-compliance with trade rules, product certifications, or privacy regulations could result in fines and reputational harm.
Risk management: A Code of Conduct and group-wide compliance policies govern all employees. Regular training and whistleblowing procedures in place. Materiality: Moderate.
The Group depends on information technology. Rising cyber threats could disrupt operations and IT systems, impacting financial position and results.
Risk management: IT security strategy with policies, IT General Controls, layered access controls, vulnerability testing, and employee training. A dedicated CISO function at Group level. Materiality: Substantial.
Products manufactured across multiple countries and sold in approximately 110 countries, creating exposure to currency fluctuations affecting profitability and cash flow.
Materiality: Variable — see Annual Report for sensitivity analysis.
Credit risk arises from financial counterparties and trade receivables. The Group also operates in approximately 30 tax jurisdictions where differing interpretations could affect the effective tax rate.
Risk management: Managed through diversification, monitoring of receivables, and tax advisory. Materiality: Moderate.
Global operations create exposure to risks related to environmental impact, human rights, employment conditions, and anti-corruption across the value chain.
Risk management: Governed by the Group's Code of Conduct, sustainability policies, and regulatory compliance frameworks. Materiality: Moderate.
The data controller responsible for your personal data is AB Electrolux (publ) and/or the local Electrolux entity, as listed below. For full details, please visit electroluxgroup.com/privacy.
Below is the list of Electrolux Group companies that may act as data controllers or processors within their respective jurisdictions.
| Company Name | Country | Address |
|---|---|---|
| Electrolux Austria GmbH | Austria | Campus 21, Europaring F15 202, A-2345 Brunn am Gebirge |
| Electrolux Belgium S.A. | Belgium | Rue de la Fusée 40, B-1130 Bruxelles |
| Electrolux Home Products Corporation N.V. | Belgium | Rue de la Fusée 40, B-1130 Bruxelles |
| Electrolux d.o.o | Croatia | Slavonska avenija 6a, HR-10000 Zagreb |
| ELECTROLUX, s.r.o. | Czech Republic | Vyskočilova 1561/4a, Michle, Praha 4, 140 00 |
| Electrolux Home Products Denmark A/S | Denmark | Strevelinsvej 38-40, 7000 Fredericia |
| Electrolux Eesti OÜ | Estonia | Pärnu mnt 153, Floor 2, Tallinn 11624 |
| Oy Electrolux Ab | Finland | Lautatarhankatu 8 B, FIN-00580 Helsinki |
| Electrolux France SAS | France | 43 Avenue Félix Louat, Senlis 60300 |
| Electrolux Deutschland GmbH | Germany | Fürther Straße 246, Nürnberg 90429 |
| Electrolux Hausgeräte GmbH | Germany | Fürther Straße 246, Nürnberg 90429 |
| Electrolux Hellas S.A. | Greece | Artemidos 3, Marousi-Athens 15125 |
| Electrolux Lehel Kft. | Hungary | Fémnyomó u. 1, Jászberény 5100 |
| Electrolux Group (Ireland) Ltd. | Ireland | Suite 7-8 Westland House, Nangor Road D12, Dublin |
| Electrolux Italia S.p.A. | Italy | Corso Lino Zanussi 24, Porcia 33080 |
| Electrolux Appliances S.p.A. | Italy | Corso Lino Zanussi 24, Porcia 33080 |
| Electrolux Latvia Ltd. | Latvia | Duntes 17a, Floor 4, Riga, LV-1005 |
| UAB Electrolux | Lithuania | Ukmergės g. 219, Vilnius, LT-07152 |
| Electrolux Luxembourg S.à r.l. | Luxembourg | West Side Village, Bldg F, 89F rue Pafebruch, L-8308 Capellen |
| Electrolux Home Products Norway AS | Norway | Drammensveien 260, Oslo 0283 |
| Electrolux Poland Sp. z o.o. | Poland | Karolkowa 30, Warsaw 01-207 |
| Electrolux Limitada | Portugal | Taguspark, Av. Prof. Doutor Cavaco Silva, Porto Salvo 2740-120 |
| Electrolux Romania SA | Romania | Bd. Traian 23-29, Satu Mare 440078 |
| Electrolux s.r.o. | Slovakia | Galvaniho 17 B, Bratislava 82104 |
| Electrolux España, S.A.U. | Spain | Avda. de Europa 16, Madrid 28108 |
| AB Electrolux | Sweden | S:t Göransgatan 143, 105 45 Stockholm |
| Electrolux Appliances AB | Sweden | S:t Göransgatan 143, 105 45 Stockholm |
| Electrolux Försäkrings AB | Sweden | S:t Göransgatan 143, 105 45 Stockholm |
| Electrolux IT Solutions AB | Sweden | S:t Göransgatan 143, 105 45 Stockholm |
| Electrolux HemProdukter AB | Sweden | S:t Göransgatan 143, 105 45 Stockholm |
| Electrolux AG | Switzerland | Buckhauserstrasse 40, Zürich 8048 |
| Electrolux Home Products (Nederland) B.V. | The Netherlands | Vennootsweg 1, 2404 CG Alphen van den Rijn |
| Electrolux A.S. | Türkiye | Altunizade mah., Inci cikmazi sok. No: 3, Üsküdar, Istanbul 34662 |
| LLC Electrolux Ukraine | Ukraine | Yunosti Str. 23-A, Ivano-Frankivsk 76494 |
| Electrolux Plc | United Kingdom | Addington Way, LU4 9QQ Luton |
We welcome enquiries about our surety bond products. Reach out to discuss how we can support your insurance needs.
St Göransgatan 143
105 45 Stockholm, Sweden