News

Bankruptcy of Qudos Insurance A/S – Equal treatment of European policyholders
20/12/2018 17:00

​Today, upon request of the Danish Financial Supervisory Authority (Finanstilsynet), the Danish Maritime and Commercial High Court declared the bankruptcy of Qudos Insurance A/S.

The European Insurance and Occupational Pensions Authority (EIOPA) has been in close contact with the Finanstilsynet to ensure equal treatment of policyholders throughout Europe.

Qudos Insurance A/S operates in Denmark, France, Germany, Greece, Ireland, Italy, Malta, Norway, Sweden and the United Kingdom.

Finanstilsynet has informed that by this court decision the Danish Guarantee Fund for non-life insurance undertakings will by triggered according to bankruptcy procedure under the existing regulatory framework, which covers all European policyholders.

The Danish Guarantee Fund for non-life insurance undertakings covers claims in the following categories:

  • Policyholders with private insurance policies
  • Third-parties protected from personal injuries or property damage according to motor vehicle liability insurance
  • Third-parties protected from personal injuries according to other liability insurance
  • Collective insurance to the extent that an insurance policy of its kind corresponds to the covered individual insurance policies
  • Claims regarding building fire on all types of real estate

    Furthermore, premiums can be refunded for the remainder of the insurance period subject to a deductible.

    Policyholders can obtain further information via the following Websites: