Pensionskassen SISA Due Diligence

Run due diligence on Pensionskassen SISA: check compliance and get alerts when suppliers or ownership change.

Greenland · owned by Independent (Greenland) · sisa.gl · 9 vendors

Pensionskassen SISA is Greenland's only member-owned pension fund, headquartered in Nuuk. It provides pension schemes and insurance coverage (disability, spouse, children's pension, and critical illness) to employees and organisations across Greenland. SISA manages a pension fund of approximately DKK 5 billion on behalf of around 41,000 members, receiving over DKK 300 million in annual contributions.

Resilience scores

Digital Sovereignty: 0
Digital Resilience: 5
Financial Resilience: 7

Technology vendors

GMO GlobalSign K.K. — Technology — Japan
itm8 — Technology — Denmark
Umbraco A/S — Technology — Denmark
and 6 more

Insights

Last updated 2026-10-23 · revision 6

9 direct vendors, 159 subvendors

Direct vendors by controlling owner country (sample)

Japan: 1
United States: 5
Denmark: 1

Subvendors by controlling owner country (sample)

New Zealand: 2
Czech Republic: 1
China: 1

Compliance

7 in-scope frameworks identified; showing 3.

Financials

Three-year financials

2024: revenue DKK 422.4M, equity DKK 26.4M
2023: revenue DKK 385.5M, equity DKK 20.0M
2022: revenue DKK 339.2M, equity DKK 15.5M

Financial Resilience Score: 7/10

Pensionskassen SISA demonstrates solid financial resilience for a small, single-country mutual pension fund. Its solvency coverage ratio stood at 158% at end-2024 (rising to 207% after PAL tax payment in January 2025), comfortably above the 100% regulatory floor. Basic own funds of DKK 313.2m exceed the individual solvency requirement of DKK 198.3m. The fund benefits from a structurally growing revenue base, with contributions rising at a CAGR of ~13.6% over five years, supported by Greenland's mandatory pension law (contribution rate floor rising from 8% in 2024 to 10% by 2026). The fund covers approximately 43,500 of Greenland's ~57,000 inhabitants — essentially the entire formal Greenlandic workforce — giving it a dominant and stable market position. Cost discipline is strong: administrative cost per member is DKK 615 and only 0.47% of provisions. Investment operations are outsourced to professional partners (Danske Bank Asset Management, Secure Spectrum, AkademikerPension/AP from 2025), reducing operational risk. However, the fund is exposed to material risks: geographic concentration in a small commodity- and fisheries-dependent economy (a pending fisheries law could displace 400–500 contributing members), investment-return volatility (swings from +15.3% in 2021 to -13.7% in 2022 to +15.6% in 2024), heavy USD exposure (69% of equities are US-listed), and operational transition risk in 2025 from changing administration providers (DKK 6.0m one-off cost in 2024). Solvency coverage has tightened materially from 822% in 2020 to 158% in 2024 as the fund has grown and added riskier investments.

Key strengths: Solvency coverage ratio of 158% (207% post-PAL) at end-2024, well above regulatory minimum, Dominant market share — covers ~76% of Greenland's population as members, Structurally growing contributions (+13.6% CAGR over 5 years) supported by Greenland's mandatory pension law, Low administrative cost base (DKK 615/member, 0.47% of provisions), Five-year average investment return ~6.9% p.a., Outsourced asset management and administration to professional Danish partners, Strong contribution growth in 2024 (+9.6% YoY) and benefit from back-contribution collections

Risk factors: Geographic concentration: 100% Greenland-dependent (small commodity/fisheries economy), Pending Greenlandic fisheries law could displace 400–500 SISA-contributing workers, High investment return volatility (swung from +15.3% in 2021 to -13.7% in 2022), Heavy USD/US-market exposure (69.4% of equities US-listed), Solvency coverage has tightened from 822% (2020) to 158% (2024), Operational transition risk in 2025 (administration provider change, DKK 6.0m one-off cost), DKK 707m in undrawn private equity commitments plus DKK 31m in guarantees, Write-downs on illiquid Greenland direct investments (mining, real estate), Political risk around Greenland's investment policy framework

Revenue by geography

Greenland: 100%

Revenue by product/service

Occupational Pension Contributions (savings + risk premium): 100%

Workforce by country

Greenland: 9

Signed-in users can see whether their own company is exposed to this vendor's disruption, plus the full sub-vendor list and country breakdowns, every in-scope compliance framework plus gaps and next steps, and alerts when any of it changes.

View the full interactive report