Denmark insurance market
The Danish insurance market is one of the most developed in the Nordic region, characterised by a large life and pension sector underpinned by compulsory occupational pension contributions and high household savings rates. Life insurance and pension premiums dominate total GWP. The non-life segment, led by Tryg, Alm. Brand and Topdanmark, is moderately concentrated and has seen strong premium growth driven by motor rate increases and claims inflation. The market is regulated by Finanstilsynet (the Danish Financial Supervisory Authority) and the industry trade body is Forsikring & Pension (F&P). A new standalone Insurance Business Act (Lov om forsikringsvirksomhed) entered into force in 2025, separating insurance regulation from the broader Financial Business Act.
Generated by: Claude Sonnet 4.6
Reviewed by: Desislava Tsvetkova
Active insurers
40
Last reviewed
Apr 30, 2026
Country market
Available products
Insurer directory
Active insurers
Insurers currently active in Denmark.
Gross written premium (DKK bn)
Market share
Tryg Forsikring A/S
Ballerup, Denmark
Tryg Forsikring A/S is Denmark's largest non-life insurance company and the largest in Scandinavia, offering insurance products and services to private individuals and businesses in Denmark, Norway, and Sweden. Its roots trace back to 1731, and the modern entity was formed through a 2002 merger. It is listed on Nasdaq OMX Copenhagen and majority-owned by TryghedsGruppen smba.
DKK 18.1bn (2024, Danmark-segment estimeret)
If Skadeförsäkring AB (filial i Danmark, inkl. Topdanmark Forsikring A/S pr. 1. juli 2025)
Ballerup, Denmark
If is the leading property and casualty insurer in the Nordic region, operating in Denmark as a branch of If Skadeförsäkring AB (publ), Sweden. It serves both private and commercial customers with a wide range of insurance products, and is wholly owned by Finnish Sampo plc.
DKK ~21.9bn (2024, estimeret kombineret: If DK ~DKK 6bn + Topdanmark DKK 10,901m + Alka ca. DKK 5bn)
Topdanmark Forsikring A/S
Ballerup, Denmark
Topdanmark is one of Denmark's largest insurance companies, offering life and non-life insurance products and services to private individuals, businesses, and the agricultural sector. Founded in 1972 through the merger of Mejeriernes Ulykkesforsikring and Arbejdsgivernes Ulykkesforsikring (both established 1898–1899), it became a public company in 1985. From 1 July 2025, Topdanmark merged with If Skadeforsikring and now operates as a branch of the Finnish-owned If Skadeförsäkring AB, forming the Nordic region's largest insurance group.
DKK 10,901m (2024)
Alm. Brand Forsikring A/S
Copenhagen, Denmark
Alm. Brand is one of Denmark's oldest and largest non-life insurance groups, founded in 1792. It offers a broad range of insurance products to private individuals, businesses, and agricultural customers across Denmark, operating under the Alm. Brand Group alongside Codan, Privatsikring, and Erhvervssikring.
DKK 11,083m (2024, Alm. Brand Group samlede forsikringsindtægt)
Codan Forsikring A/S
Copenhagen, Denmark
Codan Forsikring A/S is one of Denmark's largest non-life insurance companies, founded in 1916. Since March 2024, it operates as a brand under Alm. Brand Forsikring A/S following a full legal merger, offering personal and commercial insurance products across Denmark.
Gjensidige Forsikring ASA (filial Danmark)
PFA Pension, Forsikringsaktieselskab
DKK 61,300m (2024, samlede indbetalinger inkl. investeringskontrakter)
Danica Pension, Livsforsikringsaktieselskab
DKK 38,600m (2023)
Vestjylland Forsikring G/S
Nordea Pension Danmark, Livsforsikringsselskab A/S
Protector Forsikring ASA (filial Danmark)
Market overview
Market numbers
Total premiums
DKK 290bn (combined life/pension and non-life, 2023 est.)
Annual growth
+5%
Population
5,992,734
Registered vehicles
4,796,459
Total premiums (EUR bn)
Annual growth (%)
Market notes
Important news
Jan 13, 2026
Topdanmark announces final merger with If Forsikring, effective 1 July 2026
On 13 January 2026, Topdanmark published an official stock-exchange announcement confirming its full integration into If (owned by Finnish Sampo Group), effective 1 July 2026. Topdanmark will cease to be an independent legal entity. All Topdanmark shares will be converted to Sampo shares. The merged entity will hold approximately 21% of the Danish non-life market.
Why it matters
One of the most significant consolidation events in Danish insurance history. Creates the second-largest insurer after Tryg with ~21% non-life market share. Topdanmark shares will be delisted from Nasdaq Copenhagen. Intensifies competition in Danish private and commercial lines and reduces the number of large independent Danish insurers.
Nov 18, 2025
New Act on Terror Insurance Scheme for Non-Life Insurance enacted
On 18 November 2025, Denmark enacted LOV nr 1540, a new Act on a Terror Insurance Scheme for non-life insurance (NBCR risks). The law updates the existing 2019 framework, confirming that state-backed financing (up to DKK 15 billion, index-adjusted) covers NBCR terror damage to fire-insured property. All non-life insurers writing fire cover in Denmark must participate.
Why it matters
Strengthens the Danish terrorism risk backstop, ensuring that policyholders and insurers are protected against catastrophic NBCR events. Relevant for all non-life carriers as it mandates participation and sets claims-handling obligations. Part of a broader legislative modernisation following the 2024 Insurance Business Act.
Sep 5, 2025
GGW Group (Wecoya) acquires Danish insurance agency First Forsikring A/S
On 5 September 2025, GGW Group (backed by Permira and Hg Capital), through its subsidiary Wecoya Nordics & Baltic, announced the acquisition of First Forsikring A/S (First Marine), effective 1 October 2025. First had gross premiums of nearly DKK 500 million and 35 employees. The deal is part of GGW's continuing consolidation of Nordic MGA and brokerage assets.
Why it matters
Signals accelerating international consolidation of Danish insurance intermediaries. GGW Group now controls multiple Danish broking and MGA assets (First, balticfinance, DASF). Increases competition for Danish SME commercial lines and adds international reinsurance capacity to the local market.
Sep 1, 2025
Finanstilsynet issues multiple orders to ETU Forsikring A/S for failing to submit mandatory regulatory reports
Finanstilsynet ordered ETU Forsikring A/S to submit its 2024 annual report with external auditor's protocol, the 2024 SFCR solvency report, quarterly QRT filings for Q4 2024 and Q1–Q2 2025, sensitivity analyses, and 2024 remuneration information. The orders followed ETU's failure to meet mandatory Solvency II reporting deadlines.
Why it matters
Highlights regulatory exposure for carriers undergoing portfolio run-off. ETU had transferred its private portfolio to Forsia in November 2024 and ceased new underwriting, making timely regulatory reporting critical for orderly wind-down. Signals Finanstilsynet's active monitoring of reporting compliance.
Nov 1, 2024
Forsia Forsikring acquires ETU Forsikring's Danish private portfolio
On 1 November 2024, Forsia Forsikring (formerly Als Forsikring, rebranded May 2024) completed the Finanstilsynet-approved transfer of ETU Forsikring's Danish private insurance portfolio (approx. DKK 100 million in premiums) and 26 employees. ETU ceased new underwriting after the transfer. Forsia recorded 10.5% private-market premium growth in 2024 as a result.
Why it matters
Marks ETU Forsikring's effective exit from private underwriting and the consolidation of another private portfolio into a mid-tier Danish carrier. Illustrates continued market consolidation among smaller Danish insurers seeking scale and cost efficiency.
Oct 1, 2024
Finanstilsynet and Consumer Ombudsman formalise cooperation agreement on financial regulation
In October 2024, Finanstilsynet and the Danish Consumer Ombudsman entered a formal cooperation agreement to strengthen coordinated supervision of financial undertakings, including insurers, in cases where both financial regulation and consumer protection rules may be breached. The agreement ensures efficient joint enforcement and information exchange.
Why it matters
Strengthens consumer protection enforcement in the insurance sector by enabling the two main regulators to coordinate actions. Relevant for insurers whose marketing, pricing, or claims practices may cross both financial and consumer-protection boundaries.
Sep 1, 2024
Finanstilsynet orders Købstædernes Forsikring to assess customer needs in online contents-insurance sales
Finanstilsynet issued an order to Købstædernes Forsikring, Gensidig, requiring it to properly identify customers' demands and needs when selling contents insurance online, in compliance with the Insurance Distribution Directive. The order followed a broader supervisory sweep of how insurers handle online distribution conduct.
Why it matters
Part of Finanstilsynet's sector-wide review of online insurance sales practices. The order signals regulatory willingness to act against inadequate needs-assessment in digital channels, relevant for all insurers expanding their digital direct sales.
Jul 1, 2024
Finanstilsynet issues orders to FG and four life insurers over unclear client communications
Finanstilsynet ordered insurance intermediary FG and four life insurers to ensure customers receive clear information that their policies are underwritten by the life insurers, not FG. Insurers and intermediaries must not present themselves as something they are not. The regulator emphasised that the distribution role must be unambiguous to policyholders.
Why it matters
Highlights the regulator's focus on transparent distribution practices under the Insurance Distribution Directive (IDD). Intermediaries and insurers sharing a brand or product suite must ensure policyholders know who their contractual counterpart is.
Mar 31, 2024
Codan Forsikring legally merges into Alm. Brand Forsikring A/S
On 31 March 2024, Codan Forsikring A/S was legally merged into Alm. Brand Forsikring A/S following Alm. Brand's acquisition of Codan's Danish business in May 2022. All Codan policies transferred to Alm. Brand on unchanged terms. The Codan brand continues as a sub-brand within Alm. Brand Group, Denmark's second-largest insurer.
Why it matters
Creates Denmark's second-largest non-life insurer with annual premiums exceeding DKK 11 billion. The merger further concentrates the Danish market where the top four groups now control roughly 60–65% of non-life premiums, increasing competitive pressure on smaller and regional carriers.
Regulation
Regulation
DFSA
Danish Financial Supervisory Authority
Primary regulator and supervisor of insurance companies, pension funds, life insurers, non-life insurers, insurance brokers and other financial entities in Denmark. Responsible for licensing, prudential supervision, market conduct oversight, and publication of sector statistics. Also acts as secretariat for the Financial Business Council and the Danish Securities Council.
https://www.finanstilsynet.dkF&P
Insurance and Pension Denmark
Danish trade association representing 84 insurance companies and pension funds operating in Denmark. Collects and publishes industry statistics, represents the sector in policy debates, and is the national member association of Insurance Europe.
https://www.fogp.dkDFIM
Danish Motor Insurers Bureau
Guarantee fund and national Green Card Bureau that processes claims arising from uninsured or unidentified motor vehicles. Also serves as information centre and compensation body under the EU Motor Insurance Directive (2009/103/EC). Members include all insurance companies providing motor third-party liability insurance in Denmark.
https://www.dfim.dkSGF
Danish Guarantee Fund for Non-life Insurers
Statutory guarantee fund providing cover for policyholders if a non-life insurance company becomes insolvent. All non-life insurance companies authorised to carry out insurance business in Denmark are required to be members.
https://www.skadesgarantifonden.dkKey legislation
Key legislation
LOV nr 169 af 16/02/2025 - Lov om forsikringsvirksomhed
Insurance Business Act
Principal statute governing the regulation and supervision of insurance and reinsurance undertakings in Denmark. Sets out requirements for authorisation, solvency (implementing Solvency II Directive 2009/138/EC), governance, outsourcing, reporting and policyholder protection. Distinguishes between Group 1 (large, Solvency II-subject) and Group 2 (smaller) insurers. Entered into force 2025, replacing insurance provisions previously contained in the Financial Business Act.
LBK nr 1390 af 18/11/2025 - Lov om finansiel virksomhed (Financial Business Act)
Financial Business Act
Overarching financial sector legislation governing banks, mortgage credit institutions, and remaining financial entities. Previously the primary basis for insurance supervision in Denmark; insurance provisions are now being progressively migrated to the standalone Insurance Business Act. Continues to apply to insurance in certain cross-sector matters.
Forsikringsaftaleloven (Insurance Contracts Act, consolidated)
Insurance Contracts Act
Regulates the rights and obligations of insurers and policyholders under insurance contracts. Provides mandatory consumer-protective provisions including rules on premiums, disclosure, limitation periods and cancellation rights. Does not apply to reinsurance contracts. Applies to both life and non-life insurance.
Lov om forsikringsformidling (Insurance Distribution Act, implementing IDD 2016/97/EU)
Insurance Distribution Act
Implements the EU Insurance Distribution Directive (IDD). Governs the distribution of insurance products by insurers, intermediaries and ancillary insurance intermediaries. Sets out registration, conduct of business, transparency and professional competence requirements for insurance distributors.
LBK nr 183 af 26/02/2024 - Lov om firmapensionskasser
Company Pension Funds Act
Governs the establishment and operation of company pension funds (firmapensionskasser) that provide occupational pension benefits to employees of a single employer or group of employers. Sets out capital, governance and reporting requirements applicable to these funds.
EU cross-border access
EU cross-border insurers
Allianz Global Corporate & Specialty SE
Freedom of Services
Home country: Germany
Supervisor: BaFin (Germany)
Tilbyder storvirksomhedsforsikring i Danmark via FoS med autoriseret agent i Sverige. Aktiv på det danske erhvervsmarked.
Zurich Insurance plc
Freedom of Services
Home country: Ireland
Supervisor: Central Bank of Ireland
Tilbyder erhvervsforsikring i Danmark via FoS. Notificeret til Finanstilsynet via irsk hjemlandstilsyn.
AXA France IARD
Freedom of Services
Home country: France
Supervisor: ACPR (France)
AXA tilbyder erhvervsforsikring via FoS i Danmark notificeret gennem ACPR.
Hiscox SA
Freedom of Services
Home country: Luxembourg
Supervisor: CAA (Luxembourg)
Hiscox tilbyder SMV- og specialforsikringer inkl. cyber til det danske marked via FoS. Aktiv med dansk-sproget markedsføring.
Gouda Rejseforsikring (Gjensidige Forsikring ASA)
Freedom of Services
Home country: Norway
Supervisor: Finanstilsynet (Norge)
Gouda-brandet tilhører Gjensidige og tilbyder rejseforsikring direkte til danske forbrugere via FoS fra Norge. Aktivt brand på det danske rejseforsikringsmarked.
Sompo Insurance (Europe) SA
Freedom of Services
Home country: Luxembourg
Supervisor: CAA (Luxembourg)
Tilbyder erhvervsforsikring i Danmark via FoS fra Luxembourg.
Chubb European Group SE
Freedom of Services
Home country: France
Supervisor: ACPR (France)
Chubb tilbyder specialforsikring og erhvervsforsikring i Danmark via FoS. Aktiv på det danske erhvervsmarked via mæglere.
Distribution channels
Distribution channels
45%
Direct Insurers
20%
Insurance Brokers
15%
Insurance Agents and Tied Agents
12%
Bancassurance
8%
Digital / Online Direct
Consumer rights
Consumer rights
1
Contact the insurer's claims handler or responsible department directly. Explain the issue. This informal first step may resolve the matter quickly.
2
Submit a written complaint to the insurer's designated complaint officer (klageansvarlig). All insurers must by law appoint one for private customer matters. The insurer must respond.
3
If the insurer upholds its decision or fails to respond, lodge a complaint with Ankenævnet for Forsikring (Insurance Complaints Board). The complaint must concern your own private insurance and have economic substance.
4
For complaints about insurance intermediaries (brokers/agents), file with Mæglingsteamet for Forbrugerklager first; if unresolved, escalate to Forbrugerklagenævnet. Dispute value must be between DKK 1,110 and DKK 100,000.
5
For complaints about foreign EU/EEA insurers operating in Denmark, use the EU Online Dispute Resolution (ODR) platform or contact the insurer's home-country dispute body.
Contacts
+45 33 55 82 82 (mandag, tirsdag og torsdag 12:00–14:00)
tel:+453355828212001400EU cross-border access
EU cross-border access
Denmark is a full EU member. Insurance and reinsurance undertakings authorised in any EU/EEA member state may operate in Denmark either by establishing a branch (freedom of establishment) or by providing services directly across borders (freedom of services) without obtaining a separate Danish licence, subject to notification procedures. Non-EU/EEA insurers must establish a Danish branch and obtain a licence from Finanstilsynet. All operators must comply with Danish rules on good insurance practice, consumer protection, and the Insurance Contracts Act.
EU Directive 2009/138/EC (Solvency II), Lov om forsikringsvirksomhed (in force 1 January 2024), Lov om forsikringsformidling (IDD implementation)
freedom of establishment
An EU/EEA-authorised insurer may establish a branch in Denmark. The home-state regulator notifies Finanstilsynet, which confirms the notification. The branch must comply with Danish conduct-of-business rules, consumer protection, and the Insurance Contracts Act. Non-life insurers must join the Danish Guarantee Fund for Non-life Insurance Companies.
freedom of services
An EU/EEA-authorised insurer may provide insurance services in Denmark on a cross-border basis without a branch. The home-state regulator notifies Finanstilsynet. Danish rules on good insurance practice, consumer protection, and the Insurance Contracts Act still apply. For non-life insurers the Danish Guarantee Fund membership obligation also applies.
Market history
Market history
1988–1999
Regulatory Consolidation and Nordic Integration
Finanstilsynet was established in 1988, unifying bank and insurance supervision. The Danish market was characterised by many small mutual insurers and moderate foreign competition. The Insurance Brokers Association (FMF) had been founded in 1980 and brokers began gaining market influence. Tryg-Baltica expanded into Norway and Sweden, reflecting early Nordic integration.
2000–2009
Nordic Consolidation Wave and EU Single Market Opening
The merger of Unidanmark (owner of Tryg-Baltica) with Meritanordbanken created Nordea in April 2000, reshaping the Nordic insurance landscape. The EU single market rules facilitated cross-border entry. The 2002 tax exemption for employer-paid health insurance spurred rapid growth in supplementary VHI, with Sygeforsikringen 'danmark' membership rising sharply.
2010–2020
Solvency II Implementation and Post-Crisis Restructuring
Denmark implemented Solvency II from 1 January 2016, introducing risk-based capital requirements and the Group 1/Group 2 distinction. The market became highly concentrated: Tryg, Topdanmark, Alm. Brand, and Gjensidige together held around 60% of non-life premiums. Digital channels began growing but remained a small segment. Gefion Insurance's insolvency (finalised around 2019–2021) underlined systemic risks of under-reserved small carriers.
2021–2026
Major M&A Wave, New Insurance Business Act and Digital Acceleration
Alm. Brand acquired Codan (completed May 2022, legal merger 31 March 2024), creating Denmark's second-largest insurer. Sampo's acquisition of Topdanmark led to the announced merger with If (effective 1 July 2026). A standalone Insurance Business Act entered into force 1 January 2024. Direct online premiums rose 7.3% in 2024, with up to 35% of new motor policies via mobile apps.
Glossary
Glossary
da
Forsikringstager
The person who has entered into the insurance contract with the insurer and is liable for paying the premium.
da
Forsikringssum
The maximum amount payable by the insurer as compensation under the insurance policy in the event of a covered loss.
da
Præmie
The price paid by the policyholder to the insurer, typically annually or monthly, in exchange for insurance coverage.
da
Selvrisiko
The amount the policyholder must pay out of pocket before the insurer covers the remaining loss. A higher excess usually means a lower premium.
da
Skadesforsikring
All insurance other than life insurance, including motor, property, liability, travel, and accident insurance.
da
Livsforsikring
Insurance that pays out a sum upon the death or survival to a specified age of the insured person, including pension and endowment products.
da
Ansvarsforsikring
Insurance covering legal liability to pay compensation for bodily injury or property damage caused to third parties. Mandatory for motor vehicles, horses, and dogs in Denmark.
da
Kaskoforsikring
Insurance covering physical damage to the insured vehicle itself, including self-caused damage and damage caused by others, in addition to third-party liability.
da
Genforsikring
Insurance purchased by an insurer from another insurer (reinsurer) to transfer part of the risk, protecting the cedant against large individual losses or catastrophe accumulations.
da
Forsikringsmægler
An independent intermediary who acts on behalf of the client, advising on coverage and negotiating terms with multiple insurers. Must be registered with Finanstilsynet.
da
Forsikringsagent
An intermediary who sells insurance on behalf of one or more specific insurers, representing the insurer's interest rather than acting independently for the client.
da
Gensidig forsikring
An insurance company owned by its policyholders (members) rather than external shareholders. Surpluses may be returned to members as profit-sharing.
da
Solvenskapitalkrav (SCR)
The EU Solvency II regulatory capital requirement that an insurer must hold to cover all risks over a one-year period with 99.5% confidence.
da
Combined ratio
Sum of claims expenses and operating costs as a percentage of earned premiums. A ratio below 100% indicates an underwriting profit; above 100% an underwriting loss.
da
Dobbeltforsikring
When the same object is insured against the same risk with two or more insurers. The total compensation paid cannot exceed the actual loss; personal insurances are an exception.
da
Dækning
The scope of risks and perils for which the insurer accepts liability under the policy. Also used to mean being insured against a specific risk.
da
Erstatningshensættelser
Technical provisions held by an insurer to cover the estimated cost of reported and unreported claims that have been incurred but not yet fully settled.
da
Arbejdsskadeforsikring
Mandatory employer insurance covering employees for work-related accidents and occupational diseases, providing compensation for injury, disability, or death.
da
Garantifonden for skadesforsikringsselskaber
Danish statutory fund protecting consumers holding personal non-life policies if their licensed insurer becomes insolvent. Membership is compulsory for all qualifying non-life carriers.
da
Forsikringsbegivenhed
A specified event or occurrence (e.g. fire, theft, accident) that triggers the insurer's obligation to pay compensation under the terms of the policy.
Market notes
FAQ
Who is the insurance regulator in Denmark?
Finanstilsynet (the Danish Financial Supervisory Authority) supervises all insurance and reinsurance undertakings, pension funds, and insurance intermediaries in Denmark. It is an agency under the Ministry of Industry, Business and Financial Affairs. Its primary mandate is to protect policyholders and ensure financial stability.
How do I complain about my insurer in Denmark?
First, complain in writing to your insurer's designated complaint officer (klageansvarlig). If the insurer upholds its decision, escalate to Ankenævnet for Forsikring (tel. +45 33 15 89 00, ankeforsikring.dk). The complaint must concern your own private insurance and have economic content. Complaints about brokers go to Forbrugerklagenævnet.
What are the main laws governing insurance in Denmark?
The principal laws are: Lov om forsikringsvirksomhed (Insurance Business Act, in force 1 January 2024, implementing Solvency II), Lov om forsikringsformidling (Insurance Distribution Act, implementing IDD), and Lov om forsikringsaftaler (Insurance Contracts Act, governing the relationship between insurer and policyholder). EU regulation also applies directly.
Which insurers have the largest market share in Denmark?
Tryg Forsikring leads with approximately 24.7% of the non-life market (Q1 2025 data from Forsikring & Pension). Alm. Brand Group (including Codan) is second with around 20%, followed by If/Topdanmark (merging in 2026, combined ~21%), Gjensidige, Sygesikringen 'danmark', and GF Forsikring.
Can foreign EU/EEA insurers sell insurance in Denmark without a Danish licence?
Yes. Insurers authorised in another EU/EEA member state may operate in Denmark either by establishing a branch (freedom of establishment) or on a cross-border services basis (freedom of services), subject to notification by their home regulator to Finanstilsynet. They must comply with Danish consumer protection and good practice rules.
Is there a guarantee fund for insurance policyholders in Denmark?
Yes. The Garantifonden for skadesforsikringsselskaber (Guarantee Fund for Non-life Insurance Companies) protects consumers holding personal non-life insurance policies if a non-life insurer becomes insolvent. All non-life insurers licensed in Denmark or operating via EU/EEA passporting must be members. It does not cover commercial insurance.
What distribution channels are most commonly used for buying insurance in Denmark?
Direct insurers (online and tied agents) dominate with roughly 45% of the market. Insurance brokers hold about 20%, primarily in the commercial segment where the four largest brokers control approximately 75% of brokered premiums. Bancassurance accounts for around 12%, while digital-only channels are growing rapidly, with online premiums up 7.3% in 2024.
What is the new Danish Insurance Business Act and when did it take effect?
Lov om forsikringsvirksomhed was passed unanimously by Folketinget on 1 June 2023 and entered into force on 1 January 2024. It replaced the insurance provisions previously embedded in the general Financial Business Act, giving the insurance and pension sector its own standalone law for the first time in 25 years. It implements Solvency II and the IDD.
Are insurance premiums rising in Denmark and why?
Yes. Motor premiums rose by double digits in 2024, driven by 6% quarterly claims inflation from EV parts costs, ADAS-sensor repairs, and labour rates. Natural disaster frequency and severity have also increased repair costs across property lines. Insurers argue the increases are actuarially necessary; the combined ratios of the largest carriers remain in the 82–88% range.
What is the role of the Ankenævnet for Forsikring?
Ankenævnet for Forsikring is an independent, authorised private complaints board established in 1975 by Forbrugerrådet Tænk and Forsikring & Pension. It handles disputes between private consumers and insurance/pension companies over the consumer's own private policies. It cannot handle commercial insurance, employees' conduct, or marketing complaints. Insurers generally comply with its rulings.
Market notes
Sources
Last reviewed: Apr 30, 2026
- 01Finanstilsynet – Forsikringsområdet (lovgivning og afgørelser)
Official regulator page listing all insurance laws, orders, and supervisory decisions in Denmark.
- 02Finanstilsynet – Inspektion og afgørelser
Official database of all Finanstilsynet inspection reports, orders, fines, and enforcement actions.
- 03Finanstilsynet – Solvency II Transparency (DFSA English)
English-language FSA page on Solvency II insurance supervision objectives and statistical data.
- 04Ankenævnet for Forsikring
Official website of the Danish Insurance Complaints Board for private consumer disputes.
- 05Forsikring & Pension – Kvartalsvise markedsandele
Industry association publishing quarterly market-share data for Danish insurers.
- 06Forsikringsmæglerforeningen (FMF)
Danish Insurance Brokers Association; publishes broker market data and member information.
- 07Statistics Denmark – Insurance Companies and Pension Funds
Official statistical documentation on Danish insurance company financials from Danmarks Statistik.
- 08Chambers and Partners – Financial Services Regulation 2025: Denmark
Legal practice guide covering Danish insurance regulation, cross-border rules, and recent FSA trends.
- 09Legal 500 – Denmark Insurance & Reinsurance Country Guide
Country comparative guide on Danish insurance law, regulation, and market practice.
- 10Forsikringsoplysningen – Klageprocess
Consumer information portal explaining the step-by-step complaint process for Danish insurance customers.
- 11