If Skadeforsikring Due Diligence

Run due diligence on If Skadeforsikring: check compliance and get alerts when suppliers change.

Denmark · topdanmark.dk · 33 vendors

Topdanmark A/S is a Danish insurance company offering a wide range of life and non-life insurance products and services. It caters to individual households, small and medium-sized enterprises (SME), and agricultural and industrial businesses across Denmark. The company also provides pension and investment solutions.

Resilience scores

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Last updated 2026-10-11 · revision 6

33 direct vendors, 271 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

11 in-scope frameworks identified; showing 3.

SOC 2 (source) — No public evidence

A SOC 2 report provides assurance over the controls at a service organization relevant to security, availability, processing integrity, confidentiality, or privacy. It is often requested by customers to verify the security of their vendors.

IDD — Evidence found

As a distributor of insurance products within the European Union, If Skadeforsikring is subject to the Insurance Distribution Directive (IDD), which aims to harmonize insurance distribution regulations and enhance consumer protection.

Evidence: https://www.eiopa.europa.eu/browse/regulation-and-policy/insurance-distribution-directive-idd_en, https://myidd.gr/en/%CF%83%CF%85%CE%BC%CE%BC%CF%8C%CF%81%CF%86%CF%89%CF%83%CE%B7-idd-%CF%84%CE%B9-%CE%B5%CE%AF%CE%BD%CE%B1%CE%B9-%CE%BA%CE%B1%CE%B9-%CE%B3%CE%B9%CE%B1%CF%84%CE%AF-%CE%B5%CE%AF%CE%BD%CE%B1%CE%B9-%CF%83/, https://www.comarch.com/finance/articles/idd-explained/, https://www.if.dk/en/about-if/about-us, https://www.if.dk/en/about-if, https://www.if-insurance.com/about-if/about-us/facts-about-if

ISAE 3000 (source) — No public evidence

ISAE 3000 is a standard for assurance engagements on non-financial information, such as sustainability reports or compliance with regulations like GDPR. It is relevant for providing trust in the company's non-financial reporting and processes.

Evidence: https://kpmg.com/ch/en/insights/reporting/isae-attestation.html, https://en.wikipedia.org/wiki/ISAE_3000, https://brandcompliance.com/en/isae-3000-report/, https://www.complycloud.com/blog/what-is-an-isae-3000-assurance-report-and-why-should-you-get-it

Financials

Three-year financials

Financial Resilience Score: 9/10

If P&C Insurance Holding demonstrates exceptional financial resilience as the largest Nordic P&C insurer, backed by Sampo Group ownership. The company reported strong 2025 results with profit before tax of MSEK 18,562 (+33.5% YoY) and a best-in-class combined ratio of 82.1%, improved from 83.0% in 2024. Return on equity reached 36.1% in 2025, reflecting both strong underwriting discipline and favorable investment returns of 5.0%. The solvency capital requirement ratio of 174% and minimum capital requirement ratio of 380% indicate robust capital buffers well above regulatory minimums. Consolidation capital stood at MSEK 47,503. The risk ratio improved to 59.6% (from 61.6%) with favorable large claims outcomes and limited weather-related losses, benefiting from 1.4 percentage points of positive prior-year reserve development. The investment portfolio is conservatively positioned at 89% fixed income and 11% equities with short 2.6-year duration. The successful integration of Topdanmark (merged legally on 1 July 2025) has created dominant positions across Nordic markets with 4.6 million customers. Credit ratings remain strong at A1/Stable (Moody's) and A+/Stable (S&P). Key risks include natural catastrophe exposure to Nordic storms, climate transition risk, reserve risk on long-tailed MTPL and Workers' Compensation lines (SEK 1.3B sensitivity to 1pp inflation in Sweden alone), and MSEK 18,649 in parent company loans used to finance Topdanmark acquisition that increased interest expenses from MSEK 240 to MSEK 739. Industrial segment growth turned negative (-3.0%) due to competitive pressure. However, the scale, diversification, strong solvency, and consistent profitability (combined ratios below 87% in all five years) support very high financial resilience.

Key strengths: Largest P&C insurer in Nordics with 4.6 million customers, Best-in-class combined ratio of 82.1% (2025), Strong solvency ratio of 174% (SCR) and 380% (MCR), Return on equity of 36.1% in 2025, Consolidation capital of MSEK 47,503, Diversified investment portfolio (89% fixed income, 2.6-year duration), Successful Topdanmark integration completed July 2025, Strong credit ratings (A1/A+ stable), Backing by Sampo Group parent, High customer retention (>89% in Private)

Risk factors: Natural catastrophe exposure to Nordic windstorms, floods, hail, Climate transition and physical risk affecting underwriting and investments, Reserve risk on long-tailed MTPL and Workers' Compensation (SEK 1.3B per 1pp inflation in Sweden), Industrial segment competition causing -3.0% GWP decline, MSEK 18,649 parent company loans from Topdanmark acquisition increased interest expenses to MSEK 739, Integration execution risk on Topdanmark, Equity declined 6.9% due to large MSEK 16,000 dividend distribution

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