Norsk Naturskadepool, Norway
Norsk Naturskadepool, Title
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
The Board of Director decided in board meeting on the 10th of June 2020 that the premium rate for natural perils insurances shall be unchanged. The rate is 0.065 ‰ as from 1st of January 2021.
The Pool’s board has decided to increase the maximum settlement for a permanent wooden wharf/jetty from NOK 50,000 to NOK 100,000 with effect from 1 January 2020.
Quarterly bulletin – information from the Claims Committee