Denmark: Detailed Assessment of Observance of the Insurance Core Principles

December 18, 2014

Preview Citation

Format: Chicago

Denmark: Detailed Assessment of Observance of the Insurance Core Principles, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This paper discusses findings of the Detailed Assessment of Observance of the Insurance Core Principles on Denmark. Insurance regulation in Denmark has a good level of compliance with the Insurance Core Principles. A particular strength of the Danish Financial Supervisory Authority’s approach is its close focus on key risks in the sector and its readiness to require action by companies to address vulnerabilities. Regular, even daily monitoring of market risk sensitivities is carried out on life insurers’ balance sheets. In nonlife insurance, regular testing of a number of key performance ratios helps to highlight potential weaknesses and to support early intervention. There is comprehensive oversight of the reinsurance programs of the nonlife companies in particular.

Subject: Expenditure, Financial crises, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Pension spending, Solvency

Keywords: Baltics, Business model, Capital base, Corporate governance, CR, DFSA supervisor, DFSA website, Financial market, Insurance, Insurance companies, Interest rate, Internal audit, ISCR, Pension spending, Risk assessment, Risk management, Solvency, Solvency requirement, Solvency requirements, Supervision activity

Publication Details

Pages:

129
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/350
Stock No:

1DNKEA2014008
ISBN:

9781498356466
ISSN:

1934-7685

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