How much competition does a tender for Financial & insurance services in Finland face?
A median of 3 bids per procedure; 12% of procedures ended with a single bidder (665 awards with a bid count). National average for Finland across all sectors: 4.9 bids.
Search open tenders in this sector · Country guide Finland
The market norm in numbers
| Metric | Sector | National average | Sample |
|---|---|---|---|
| Bids per procedure (median) | 3 | 4.9 | 665 |
| Procedures with a single bidder | 12% | 14% | 665 |
| Awards to a repeat winner | 34% | 45% | 779 |
| Distinct winners | 155 | 22,740 | 808 |
| Awards to companies from abroad | 1% | 2% | 808 |
| Award relative to estimate (median) | 86% | 87% | 91 |
| Bids from SMEs | – | 67% | 18 |
| Bids from abroad | – | 5% | 18 |
How to read these numbers
Of 42 sectors in Finland with a bid count, Financial & insurance services ranks 21 for competition. Competition is dense — the calculation decides. 34% of awards went to companies that had already won with the same buyer — buyers switch often here.
Other sectors in the same country
- Transport services5 · 7,908
- Medical equipment & pharma4 · 7,532
- Health & social work10 · 6,737
- Architecture & engineering8 · 5,323
- Construction work4 · 5,089
- IT services3 · 5,016
- Business services5 · 4,411
- Cleaning, environment & waste4 · 3,073
- Repair & maintenance4 · 2,110
- Transport equipment2 · 2,014
- Education & training7 · 1,677
- Furniture & furnishings4 · 1,420
Frequently asked questions
How many bidders does a tender for Financial & insurance services in Finland get?
A median of 3 bids per procedure, measured on 665 awards with a bid count since 2020. 12% of procedures had a single bidder.
How often does the incumbent win in Finland?
34% of awards in Financial & insurance services went to a company that had already won with the same buyer.
Do foreign companies stand a chance in Finland for Financial & insurance services?
1% of awards went to companies based outside Finland.
What share of the estimate does the winner get in Financial & insurance services?
The award came in at a median 86% of the estimated value.
Where the numbers come from
From the documented awards of every portal we read (TED and the national portals), aggregated every night. Bid counts come from the award notices themselves (TED BT-759, PLACSP, OCDS, Hilma, ANAC); incumbency counts whether the winner had won with the same buyer before; abroad means the winner's country differs from the buyer's. Metrics below the minimum sample are not shown.
As of 25/10/2026 · n = 808