The Guarantee Fund secures insurance customers in case of a bankruptcy
The Danish Guarantee Fund for Non-life Insurers was established in 2003 to help in situations where policyholders would lose their insurance cover if their insurance company goes bankrupt.
With the establishment of the Guarantee Fund it was ensured, in particular in the area of consumer insurance, that the Guarantee Fund, in the event of a non-life insurer's bankruptcy provides cover under the law.
The fund is a self-governing institution and is regulated by law and executive orders. The Danish Financial Supervisory Authority supervises the Guarantee Fund.