front page In Finnish In Swedish In English Members Log in Frequently Asked Questions How can I leave the cooperative? How is the merger and / or change of name of a member company notified to the cooperative? How is the insurance premium calculated and when are the payments due? Is it worthwhile for us to take out drug damage insurance in Finland if our company has international product liability insurance? The Finnish subsidiary of an international pharmaceutical company is a member of a cooperative in Finland. The parent company conducts clinical trials in Finland. Should the parent company also join the cooperative? Finnish Medicines Compensation Cooperative The Finnish Medicines Compensation Cooperative manages unexpected damage caused by medicines with the help of pharmaceutical damage insurance taken out on behalf of its members. All pharmaceutical manufacturers, importers, marketers and research companies operating in Finland can become members of the cooperative. The cooperative was founded in 1984 and currently has about 130 members. The affairs of the cooperative are decided by the board of the cooperative and the general meeting of the cooperative, which is held once a year. The cooperative's board has 5 members. The cooperative has a part-time CEO. Other items needed to run the cooperative's administration and finances are purchased as purchasing services. The largest expense item of the cooperative consists of the insurance premium for non-life insurance. The insurance premium is charged to the members of the cooperative in proportion to their gross turnover at wholesale prices. Non - life insurance The Pharmacovigilance Cooperative has taken out pharmacovigilance insurance to protect the users of medicines. The non-life insurance policy covers unexpected adverse effects on users caused by medicines released for consumption in Finland or used in pharmaceutical research as defined in the cooperative's rules (incl. Internal contraceptives, vaccines and blood or blood part). Learn more about non-life insurance. Information about our activities Are you considering membership? Insurance terminology Contact information Finnish Medicines Compensation Cooperative Porkkalankatu 1, 00180 HELSINKI Postal address: PO Box 206 00181 Helsinki Links: Finnish Mutual Medicines Insurance Company: www.laakevakuutus.fi Patient Insurance Center Made with the Association Key © 2021 Finnish Medicines Compensation Cooperative Web Design Albert Hall