Burden of regulation 'overloading' Nordic insurers

Pace of regulation in Denmark a 'very heavy burden' for insurers

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The pace at which regulation is being introduced in Denmark threatens to “overload” insurance companies’ boards and increases the risk that the implementation of new requirements will be faulty, says Hasse Jørgensen, chief executive officer of Sampension.

Speaking at the Insurance Risk Nordics conference in Stockholm, Jørgensen claimed that regulators across Europe are striving to develop more detailed and higher-impact regulation at a faster pace than attempted before. In 2013, 24 new pieces of