The Danish Guarantee Fund for Non-life Insurers

The Danish Financial Supervisory Authority (DFSA) has on the 31 of October 2023 instructed the Danish Guarantee Fund for Non-life Insurers (the Fund) to in 2024 continually collect contributions fixed at DKK 40 per further specified consumer insurances written or renewed in Denmark. The DFSA has also instructed the Fund to continually collect contributions fixed at DKK 30 per insured under an industrial injury insurance policy (converted into full time employees) written or renewed in Denmark. The DFSA has furthermore instructed the Fund not to collect contributions on motor comprehensive insurances written or renewed in Denmark for risks in Denmark in 2024.

The contributions on motor liability insurance written in Denmark will cease on 23 December 2023. After the 23 December 2023, the Danish Guarantee Fund for Non-Life Insurers is no longer allowed to require contributions on motor liability insurance written in Denmark by foreign insurance companies.

All non-life insurance companies who are notified to carry out insurance business in Denmark must be members of the Guarantee Fund

As of 1 July 2023, Danish and foreign life insurance companies that have been authorised by the Danish Financial Supervisory Authority to conduct industrial industrial insurance business must be members of the Danish Guarantee Fund.