Denmark Insurance, Companies & Insurance Quote
Insurance in Denmark includes private as well as government companies. Major privately owned companies handle stock insurance business and the government owned companies handle fire, automobile and life insurances. Insurance in Denmark works under the regulation of the Insurance Supervisory Authority works.
Denmark insurance market is small and is well diversified having nearly 220 insurance companies. Danish insurance companies are expected to have at least €3 million base capital or any larger amount. Solvency must be equal to five risk-weighted thresholds sum and the minimum capital €3 million. However, the minimum capital is accepted as €2 million only if non-life insurance activities are conducted.
The leading Denmark insurance companies represent life insurance and non-life insurance depending on gross written premiums.
The major Denmark insurance dealing with Life insurances is Danica Pension Insurance, SEB Pension Insurance, Danica Pension Insurance, PFA Pension Insurance, Pen-Sam Liv Insurance, Industriens Pension Insurance and B&A Pension Insurance.
Danish Financial Authority supervises the statutory authority by doing supervision of the insurance companies. The insurance in Denmark is dominated by pension products and majority of them have guaranteed rate of return.
The life insurance sector and Cross-border entities are not many in numbers owing to the tax legislation prohibiting tax deduction of premiums paid to insurance undertakings. The non-life insurance sector overall size is also limited.
The major non-life insurance providers in Denmark are companies namely, Tryg Skade Insurance, Danmark Sygeforsik Insurance, Danske Fors.Skade Insurance, Topdanmark Insurance, International Health Insurance, Codan Forsikring Insurance,
Alka Insurance, International Health Insurance and GE Frankona Insurance. Insurance in Denmark works on core principles and this has resulted in having a highly developed insurance market.
Insurance providers in Denmark are some of them offering best medicare advantage plans such as Allianz, AETNA, Alliance, Blue Cross International, Blue Shield, CIGNA, IMG, pacific international, TakeCare and TieCare are available with
Asian hospital, while the AETNA Global benefit, GMC Services, IMA, HTH World Wide, International Health Insurance of Denmark, International SOS and Net Care, Prestige International are accepted with Makati Medical Center and Calvos with St. Luke’s hospital. The insurance benefits can be availed by health maintenance organization,
servicing hospital and insurance plan. However, the insured should inquire about the medicare advantage or at least the proper plan name so that they receive the appropriate billing of the hospital.