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As part of the Old Mutual Group, Skandia Retail Europe combines Skandia Austria, Skandia Germany, Skandia Switzerland, and Skandia Poland into one effective financial solutions provider for central Europe’s retail segment. The Skandia businesses were established in the nineties to offer innovative and flexible unit-link products through qualified, independent financial advisors, banks, and institutional distribution partners. In 2009, the formerly autonomous local businesses united, producing a long-term savings, protection, and investment provider that leveraged the group’s capabilities. Skandia Lebensversicherung AG, the German unit of Skandia Retail Europe, started in Germany in 1991. It had more than 360,000 customers and managed an insurance sum of €12.4 billion at the end of 2010. Its solvency-coverage ratio of more than 200% far exceeds the region’s legal requirements.