New measure can be implemented: Insurance companies risk intervention

After investigating the insurance industry for almost four years, the Danish Competition Council is now considering launching a so-called market investigation into the sector. This is an important step for the authorities, because...

An analysis of Danish insurance companies on Tuesday resulted in several of the companies' share prices falling significantly.

Historic move: The Danish Competition Council is considering taking action against the insurance industryFor the first time ever, the Danish Competition Council is considering taking heavy-handed action against the insurance industry.&n

Four years ago, the Danish Competition Council launched an analysis of competition in the market for non-life insurance for private customers. And on Tuesday morning, the Danish Competition and Consumer Authority released the analysis's conclusions in a press release. Overall, the analysis indicates that competition in the Danish insurance market is challenged. Especially because the largest companies collectively hold 80 percent of the market. …