Folksam’s total expenses for building repairs amounted to over SEK 1 billion in 2019, while expenses for car repairs were SEK 2.3 billion. This gives Folksam financial strength and opportunities to place stringent demands on their suppliers.
Folksams suppliers buy and recycle used spare parts for cars. There is an established second-hand market for car parts and Folksam require that car mechanics repair and use reused parts wherever possible and appropriate. During the year, this way of working helped Folksam to avoid a mountain of waste of around 2,000 tonnes and Folksam saved approximately SEK 290 (270) million in the repair of damaged cars. In total, reuse in connection with car repairs has brought a saving of just over SEK 2.3 billion since the beginning of the millennium.
