# LocalTapiola Group

LocalTapiola Group is an Insurance based in Espoo, Finland.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Espoo, Finland
- **Region:** Europe
- **Address:** Espoo, Finland
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** lahitapiola.fi
- **LinkedIn:** https://www.linkedin.com/company/l-hitapiola

## Regulatory record

- **Reports private funds:** No

## About

LocalTapiola Group is an insurance company based in Espoo, Finland. It manages approximately $9.9 billion in assets across 62 funds, primarily focused on Europe.

## Sectors

- Insurance
- Real Estate

## People

- Juha Koponen — CEO

## Questions

### Who actually owns LocalTapiola Group?

LocalTapiola is a mutual insurance group, meaning its policyholders are its owners. There are no external shareholders or publicly traded equity. Regional cooperative insurance companies formed the group structure, which now operates under a unified brand while maintaining local cooperative roots.

### What does LocalTapiola's investment portfolio consist of?

The group's investment activity is heavily weighted toward direct Finnish real estate. Its holdings include the AINOA shopping center in Tapiola, the Mutkaton koti residential portfolio across six Finnish cities, and development projects like Tampereen Pikku-Aleksi. The group also manages a corporate art collection and holds liquid assets necessary for its insurance liabilities.

### How does LocalTapiola source property deals?

LocalTapiola operates primarily as a direct developer and asset owner within Finland. Its real estate management platform sources and administers residential, commercial, and office properties, concentrating on Finland's major urban corridors. It does not operate as an open-ended fund open to third-party institutional capital.

### Is LocalTapiola's asset management arm open to external investors?

No. The investment portfolio exists to back the group's insurance liabilities and generate returns for its mutual policyholder-owners. It is not structured as a third-party asset management business seeking outside institutional limited partners.

### How does LocalTapiola's partnership with S Group work?

LocalTapiola and S Group, Finland's largest retail cooperative, operate a customer loyalty partnership. Policyholders who are also S Group members can earn S-Etukortti bonuses on their LocalTapiola insurance premiums, linking the two cooperative ecosystems for Finnish households.

### What role does Swiss Re play in LocalTapiola's business?

LocalTapiola holds a cooperation agreement with Swiss Re Corporate Solutions to provide international insurance services for Finnish corporate clients operating abroad. This arrangement extends LocalTapiola's service reach beyond Finland without the group building its own multinational underwriting platform.

### What is Eurapco and why does LocalTapiola belong to it?

Eurapco, the European Alliance Partners Company AG, is an alliance of major European mutual insurers that collaborate on knowledge sharing, best practices, and cross-border insurance solutions. LocalTapiola's membership connects it to peer mutuals such as Achmea, P&V, and Macif, reinforcing the cooperative insurance model at a European scale.

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- [Local Union 1710 IBEW Pension Trust Fund](https://altss.com/profile/local-union-1710-ibew-pension-trust-fund)
- [LocalTapiola Life](https://altss.com/profile/localtapiola-life)

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Last updated: 2026-06-03T20:00:00.000Z

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