Denmark: Financial Sector Assessment Program-Technical Note-Insurance Regulation and Supervision
IMF Staff Country Reports, August 12, 2020
Source details
- Canonical URL
- Denmark: Financial Sector Assessment Program-Technical Note-Insurance Regulation and Supervision
Other formats
Bibliographic details
- Published: August 12, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513553023.002
Overview and market structure
- Denmark’s insurance sector is highly developed with a particularly high penetration and density in the life sector.
- Work-related life insurance and pension savings are traditionally offered as a combined package.
- Life insurance companies dominate the market for mandatory pension schemes for employees.
- The high penetration explains the overall size of the insurance sector relative to peers in other Nordic countries and various other EU member states.
Key statistics and comparative metrics
- Assets managed by the insurance industry amounted to 146 percent of the GDP at end-2018.
- EU average for insurance industry assets was 72 percent of GDP (end-2018 comparison).
Main themes and subject focus
- Expenditure
- Financial institutions
- Financial regulation and supervision
- Financial sector policy and analysis
- Insurance; Insurance companies; Insurance supervision; Insurance undertaking
- Pension spending
- Solvency
- Risk assessment
Keywords and analytical tags
- 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
Content in this bundle
- 1dnkea2020003