Non-life insurance is usually the sum insured and Insurance is necessary to stabilize the life insurance policy of the company and its employees. Group 2 companies must have at least 1,000 and no more than 2,500 employees per company. In addition, the Management Board must ensure that sufficient provisions are available at all times to cover all insurance obligations in the insurance contract. Motor insurers are required to collect all premiums for third-party insurance and all damages incurred, whether or not they exceed $1 million.
Companies and companies will often have a combined building insurance policy in Denmark , which also covers life and non-life insurance and health insurance. Combined insurers allow for the creation of a group insurance in which life or non-life insurers can take out “life insurance” in addition to their private insurance.
Those who move or travel to Denmark will no doubt have questions about how the Danish health system works and whether private health insurance is necessary. The Danish insurance market is dominated by a few large players and there are a large number of private insurers in Topdanmark, where there are many different types of insurance options for both private and public insurance.