Regulatory Alerts2024-12-05
Order on Life Insurance Companies' Health and Accident Insurance Activities
The Danish Financial Supervisory Authority issued this order to mandate the separate management and capital accounting for life insurance and health/accident insurance activities within the same company. It requires insurers to calculate theoretical minimum capital requirements for each business line independently and restricts the cross-subsidization of financial minimum obligations between them. Insurers must maintain internal separate statements, submit annual reports to the regulator, and face fines for non-compliance with these segregation rules.
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