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

International Monetary Fund

No 2020/252, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; risk assessment; business intelligence tool; insurance undertaking; DFSA plan; DFSA data; DFSA staff; DFSA supervision; insurance sector; insurance supervisor; covered bond; Insurance companies; Insurance; Solvency; Pension spending; Insurance supervision; Global (search for similar items in EconPapers)
Pages: 38
Date: 2020-08-12
New Economics Papers: this item is included in nep-ias and nep-rmg
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