Press release: State Aid: Commission approves Danish Terror Insurance Scheme

The European Commission authorised on 13 January 2010, under EU State aid rules, a measure adopted by Denmark which provides a state guarantee on non-life insurance against damages stemming from nuclear, biological, chemical or radioactive (NBCR) terrorist attacks that exceed a certain threshold. The Commission found that the measure was an appropriate means of ensuring that insurance coverage against NBCR risks would be available in Denmark and approved the measure under Article 107 3 (c) of the Treaty on the Functioning of the European Union (TFEU), that allows under certain conditions aid for the development of certain economic activities. In particular, the measure is designed to be self-funding and concerns insurance cover that is currently insufficiently available on the private market.