The Danish Guarantee Fund for Non-life Insurers must have a capital of DKK 600 million. At least DKK 300 million must consist of contributions from insurance companies which writes consumer insurance, DKK 200 million must consist of contributions from insurance companies, which writes industrial injury insurance and DKK 100 million must consist of contributions from insurance companies that writes motor liability insurance.
Contributions concerning consumer insurance
The Danish Financial Supervisory Authority (DFSA) annually determines the insurance companies’ contributions to the Danish Guarantee Fund for Non-life Insurers (the Danish Guarantee Fund). The contributions must consist of the sum of the amount per policy within the following types of consumer insurance taken out in Denmark with risks in Denmark:
- Motorkaskoforsikringer (motor comprehensive insurance)
- Familieforsikringer (household contents insurance)
- Husejerforsikringer (property insurance)
- Sundhedsforsikringer (health insurance)
- Ejerskifteforsikringer(latent defect insurance - change-of-ownership)
- Sælgeransvarsforsikring (property sellers liability insurance) and
- Byggeskadeforsikringer (structural warranty insurance – new build)
In 2025 the contribution is fixed at DKK 10 per policy.
If there are multiple types consumer insurance subject to contribution on the same policy, then the contributions consist of the sum of the amount per type of consumer insurance on the policy.
Contributions concerning industrial injury insurance
The DFSA annually determines the insurance companies’ contributions to the Danish Guarantee Fund. The contributions must consist of the sum of the amount per insured under an industrial injury insurance taken out in Denmark with risks in Denmark.
The contributions regarding 2025 is DKK 30 per insured under an industrial injury insurance policy.
Contributions concerning motor liability insurance
The DFSA annually determines the Danish non-life insurance companies' contributions to the Danish Guarantee Fund. The contributions must consist of the sum of the amount per policy under a motor liability insurance taken out for policyholders in Denmark and EEA.
In 2025 the contribution is fixed at DKK 5 per motor liability policy.
If there are consumer insurance types subject to contribution on a motor liability policy, then the contributions consist of the sum of the amount per type of insurance subject to contributions on the policy.
For consumer insurances, industrial injury insurances, and motor liability insurances
Once a year, the DFSA announces the contribution rates paid by insurance companies to the Danish Guarantee Fund for insurances subject to contributions. The DFSA's announcement is published no later than 6 months before the first contribution payment to the Danish Guarantee Fund occurs.
The first contribution payment date is 1 May, which is why the DFSA's announcement is published no later than 1 November the previous year.
Insurance companies must pay the contribution for insurance policies subject to the Danish Guarantee no later than
- 1 May for insurance policies that have been taken out or renewed in Q1
- 1 August for insurance policies that have been taken out or renewed in Q2
- 1 November for insurance policies that have been taken out or renewed in Q3
- 1 February for insurance policies that have been taken out or renewed in Q4
Payment of the first contribution on 1 May uses the contribution rate that is stated in the most recent published announcement from the DFSA. These contribution rates shall be applied up to and including 1 February in connection with the payment of contributions to the Danish Guarantee Fund.
Payment of the contribution to the Danish Guarantee Fund must be made via the Danish Guarantee Fund's system by a quarterly reporting.
Each quarter, all members must report via the Danish Guarantee Fund's reporting system the number of policies/insured the insurance company has taken out during the period.
