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The Danish Life Assurance Market

Published online by Cambridge University Press:  11 August 2014

P. G. A. Cammidge
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Extract

1.1. Historically, as today, the Danish insurance community has been subjected to a far greater degree of official supervision than their U.K. colleagues are accustomed to. Insurance can only be written if the Forsikringsraad (Insurance Supervisory Board) recommends that the applicant office be granted a concession to do so. In particular, the Forsikringsraad will have to be satisfied that the office's premium rates are adequate. At a time when the U.K. is moving towards closer supervision, it is particularly interesting and instructive to examine a functioning supervisory system. (Section 6 of the present paper deals with this aspect of insurance in Denmark.)

Type
Research Article
Information
Journal of the Staple Inn Actuarial Society , Volume 21 , Issue 2 , October 1975 , pp. 206 - 245
Copyright
Copyright © Institute of Actuaries Students' Society 1975

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