Regulatory Alerts2024-12-05
Order on the Calculation of the Capital Base for Group 1 Insurance Undertakings and Others
Issued by the Danish Financial Supervisory Authority, this Order establishes the specific rules for calculating the capital base for Group 1 insurance undertakings and insurance groups under the Danish Insurance Business Act. It defines surplus capital and special bonus reserves, classifies capital elements into three tiers based on loss-absorbing capacity, and sets out requirements for supervisory approval of supplementary capital. The regulation implements parts of the Solvency II Directive and repeals the previous 2017 Order, entering into force on January 1, 2025.
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