Regulatory Alerts2025-02-16
Act on Insurance Undertakings in Cross-Border Pension Funds, Life Insurance Companies and Non-Life Insurance Companies etc. (Act on Insurance Business)
The Danish Ministry of Industry, Business and Financial Supervision issued this consolidated Act to implement the EU Solvency II Directive and other financial regulations into Danish law, governing insurance undertakings, pension funds, and holding companies. The legislation establishes comprehensive rules for the authorization, governance, solvency capital requirements, and supervision of life, non-life, and reinsurance companies, as well as their branches and service providers. It defines key regulatory terms, outlines the application of specific provisions to financial holding entities and cross-border operations, and sets out detailed requirements for outsourcing, risk management, and corporate structure.
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