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Denmark Financial Sector Assessment Program: Technical Note: Pensions with Profit Contracts

This technical note examines pensions with profit contracts in Denmark. The Danish life insurance and pension sector is sensitive to a range of risks on both the asset and liability side of the balance sheet. One of the principal vulnerabilities for the sector arises out of the requirement to achiev...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2007
Series:IMF Staff Country Reports
Subjects:
Insurance Companies
Institutional Investors
Private Pensions
Investment
Pension Funds
Pension Spending
Finance
Social Security And Public Pensions
Return On Investment
Industries: Financial Services
Nonwage Labor Costs And Benefits
Financial Institutions
Financial Instruments
Intangible Capital
National Accounts
Labor
Expenditure
Non-bank Financial Institutions
Saving And Investment
Investments: General
Pensions
Macroeconomics
Capacity
Actuarial Studies
Capital
Public Finance
Insurance
Insurance & Actuarial Studies
Denmark
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This technical note examines pensions with profit contracts in Denmark. The Danish life insurance and pension sector is sensitive to a range of risks on both the asset and liability side of the balance sheet. One of the principal vulnerabilities for the sector arises out of the requirement to achieve a high guaranteed return for the duration of “in-force” policies. Although several measures have been implemented to increase provisions and capital, and for hedging interest rate risk through derivatives, the overall risk in the pension sector still needs to be closely monitored
Physical Description:22 pages
ISBN:9781451811216

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