Norsk Naturskadepool, Norway
Norsk Naturskadepool, Title
Norsk Naturskadepool
Norsk Naturskadepool, Norway Description
The Norwegian Natural Perils Pool was formed on 1st. of January 1980. Its activities are governed by the Natural Perils Insurance Act and the Rules for the Norwegian Natural Perils Pool.
Natural perils insurance is a compulsory cover linked to fire insurance in Norway. All insurers providing fire cover in Norway must be members of the Pool.
The pool is organized as an equalisation pool, which means that it is the companies themselves who has all contact with their policyholders and conducts the claims handling, while the pool settle claims and expenses in connection with these among the pool's members in proportion to their share of the pool, which corresponds to their share of the market for fire insurance in Norway.
Norsk Naturskadepool, Norway News and Events
News and Events
8 February 2024
Since the third quarter, total premium volume has increased by just under NOK 1 billion. Here you will find more figures for market shares and development for non-life insurance companies in various product areas. The statistics apply to land-based Norwegian insurance.
2 November 2023
The amount of material damage following the landslide at the factory building in Halden has previously been estimated at NOK 1.2 billion. As of November 1, the estimate has been increased to NOK 1.262 billion.
23 June 2023
The Board of Director of Norwegian Natural Perils Pool decided in a board meeting on June 23, 2023, to increase the premium rate for natural perils insurances to 0,07 per thousand, effective from January 1, 2024.
https://www.naturskade.no/en/