Regulatory Alerts2025-09-10
Act on the Guarantee Fund for Property Insurance Companies
The Danish Ministry of Industry and the Danish Financial Supervisory Authority issued this regulation to establish the Guarantee Fund for Property Insurance Companies (Fonden) as an independent institution. The Fund is mandated to provide coverage for policyholders, insured persons, and third parties in the event of insurer insolvency, license revocation, or liquidation, specifically covering property, motor, and work accident insurance liabilities. It is financed by mandatory contributions from domestic and foreign insurance companies operating in Denmark, with a minimum capital requirement of 600 million DKK, and is subject to strict reporting and administration rules overseen by the Financial Supervisory Authority.
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