## 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](https://www.imf.org/en/publications/cr/issues/2020/08/07/denmark-financial-sector-assessment-program-technical-note-insurance-regulation-and-49662)

## Other formats

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## Bibliographic details
- Published: August 12, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513553023.002

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### 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

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## Content in this bundle

- **1dnkea2020003**
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_Source: https://www.imf.org/en/publications/cr/issues/2020/08/07/denmark-financial-sector-assessment-program-technical-note-insurance-regulation-and-49662_