Denmark: Financial Sector Assessment Program-Technical Note-Insurance Regulation and Supervision

August 12, 2020

Preview Citation

Format: Chicago

Denmark: Financial Sector Assessment Program-Technical Note-Insurance Regulation and Supervision, (USA: International Monetary Fund, 2020) accessed November 16, 2024

Summary

Denmark’s insurance sector is highly developed with a particularly high penetration and density in the life sector. Traditionally, work-related life insurance and pension savings are offered as a combined package, and life insurance companies dominate the market for mandatory pension schemes for employees. The high penetration explains the overall size of the insurance sector, which exceeds those of peers from other Nordic countries and various other EU member states. Assets managed by the insurance industry amounted to 146 percent of the GDP at end-2018, compared to 72 percent for the EU average.

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

Keywords: Business intelligence tool, Covered bond, CR, DFSA data, DFSA plan, DFSA staff, DFSA supervision, Global, Insurance, Insurance companies, Insurance sector, Insurance supervision, Insurance supervisor, Insurance undertaking, ISCR, Pension spending, Risk assessment, Solvency

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/252
Stock No:

1DNKEA2020003
ISBN:

9781513553023
ISSN:

1934-7685

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