Seesam’s parent undertaking, OP Financial Group, is Finland’s largest financial services group. OP offers diverse banking, asset management and insurance services to companies and private persons. The OP Group is comprised of independent cooperative member banks and the Group’s central authority, OP Group Central Cooperative, along with its subsidiaries. The Group includes 180 member banks, over 4 million clients and nearly 12,000 employees.
OP’s history dates back to 14 May 1902, when the savings and loan association OKO (Osuuskassojen Keskuslainarahasto-Osakeyhtiö) was established. The first local savings and loan associations were also established in that same year, out of which OKO Pank grew. In 2005, the group was merged with Finland’s historic insurance undertaking Pohjola, which has been a part of Seesam’s ownership circle since its beginning. This is how non-life insurance became the new business field of the OP Group and Seesam a member of the large financial conglomerate.
On 9 May 2016, Seesam Insurance AS Eesti celebrated its 25th anniversary. Seesam opened its first office in the spring of 1991, in Tallinn. Seesam now has 10 offices in Estonia and branches in Latvia and Lithuania. Seesam employs 350 people across the Baltics.
Corporate banking and financing solutions in the Baltics are provided by fellow subsidiaries OP Corporate Bank and OP Finance (http://www.opbank.ee/).