Denmark: Change to Treatment of Industrial Injury Insurance

James Brown
March 15, 2022

The Danish Guarantee Fund for Non-Life Insurers (the ‘Fund’) has confirmed the scope of a new Fund contribution due on industrial injury insurance in guidance dated 10 March 2022. With a view to ensuring that adequate capital is held by the Fund, a new contribution of DKK 30 per policy is due on all industrial injury insurance written within the territory of Denmark for new or renewed policies incepting on or after 1 January 2022. It is declared and settled on a quarterly basis in the same way as other Guarantee Fund contributions and, as such, should be included on the return due for the Q1 2022 period and going forwards. The higher DKK 40 rate remains applicable to the other contributions.

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James Brown

James Brown is a Consultant at Sovos. His academic background is in Law having studied the subject at undergraduate level, and he has since enjoyed various roles in the IPT Managed Services Department at Sovos.
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