Danish legal changes to affect FSCS-style claims come January

denmark-flag

Another Alpha would hit UK insurers but policyholders would still be compensated.

As of 1 January 2019 the Danish Guarantee Fund, the country’s equivalent of the Financial Services Compensation Scheme (FSCS), will only pay out to policyholders in Denmark in the event of a local insurer failure following a change in the nation’s law.

The FSCS confirmed to Insurance Age that there would be no negative net impact on UK consumers.

A spokesperson said: “Any UK policyholder that before the rule change would have been covered by us will continue to be covered by us.”

The news has

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: