Regulatory Alerts2024-12-05
Order on the Calculation of Risk-Weighted Items for Group 1 Insurance Undertakings
The Danish Financial Supervisory Authority issued this Order to establish detailed calculation methods for risk-weighted items for Group 1 insurance undertakings under the Insurance Business Act. It mandates specific formulas for life insurance provisions, risk sums, gross premiums, and gross claims, while allowing for proportional reductions based on reinsurance and minimum value floors. The regulation supersedes the 2015 Order and enters into force on January 1, 2025, with violations subject to fines.
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