Denmark Detailed Assessment of Observance of the Insurance Core Principles

This paper discusses findings of the Detailed Assessment of Observance of the Insurance Core Principles on Denmark. Insurance regulation in Denmark has a good level of compliance with the Insurance Core Principles. A particular strength of the Danish Financial Supervisory Authority’s approach is its...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Denmark  |b Detailed Assessment of Observance of the Insurance Core Principles 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2014 
300 |a 129 pages 
651 4 |a Denmark 
653 |a Insurance companies 
653 |a Economic & financial crises & disasters 
653 |a Institutional Investors 
653 |a Pension Funds 
653 |a Pension spending 
653 |a Finance 
653 |a Social Security and Public Pensions 
653 |a Financial crises 
653 |a Industries: Financial Services 
653 |a Financial sector policy and analysis 
653 |a Financial institutions 
653 |a Bankruptcy 
653 |a Financial Instruments 
653 |a Debt 
653 |a Expenditure 
653 |a Non-bank Financial Institutions 
653 |a Solvency 
653 |a Liquidation 
653 |a Pensions 
653 |a Actuarial Studies 
653 |a Financial Risk Management 
653 |a Public Finance 
653 |a Finance: General 
653 |a Insurance Companies 
653 |a Insurance 
653 |a Insurance & actuarial studies 
653 |a Financial Crises 
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520 |a This paper discusses findings of the Detailed Assessment of Observance of the Insurance Core Principles on Denmark. Insurance regulation in Denmark has a good level of compliance with the Insurance Core Principles. A particular strength of the Danish Financial Supervisory Authority’s approach is its close focus on key risks in the sector and its readiness to require action by companies to address vulnerabilities. Regular, even daily monitoring of market risk sensitivities is carried out on life insurers’ balance sheets. In nonlife insurance, regular testing of a number of key performance ratios helps to highlight potential weaknesses and to support early intervention. There is comprehensive oversight of the reinsurance programs of the nonlife companies in particular