New Insurance market report from Timetric: "Employee Benefits in Denmark"

Boston, MA -- (SBWire) -- 11/28/2014 --Denmark is one of the few countries in the world that adjusted well to the challenge of providing an established social security system and a flexible labor market for its citizens. It was one of the first countries to adopt a multi-pillar pension system, comprising a flat-rate residence-based national pension and private occupational pensions based on collective agreements. The first pillar is the state and compulsory pillar, providing universal cover. It consists of two tiers - the first is a residence-based Folkepension (national or social pension), while the second consists of a number of fully funded supplementary schemes. The second pillar is a quasi-mandatory scheme, which includes privately managed fully funded occupational schemes, and the third pillar consists of voluntary, supplementary pension schemes which are managed by banks or insurance companies. Most branches of the Danish social security system are compulsory, except unemployment insurance, and are financed by taxation.

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Report Highlights
- Danish social security follows a societal model, in which the state takes primary responsibility for the welfare of its citizens
- It covers benefits such as hospitalization, sickness and maternity benefits; benefits regarding accidents at work and occupational diseases; funeral expenses; disability pension; old-age and supplementary pensions; family benefits; and unemployment benefits
- The Danish private occupational pension schemes cover more or less all employees, and pay benefits for retirement, death, disability, illness and health insurance

Report Scope
This report provides a detailed analysis of employee benefits in Denmark:
- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
- It covers an exhaustive list of employee benefits, including retirement benefits , death in service benefits, long-term disability benefits, short-term sickness, medical benefits, workmen's compensation, maternity and paternity benefits, family benefits, unemployment, minimum resources, long-term care insurance and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Denmark

Reasons to Get this Report
- Make strategic decisions using in-depth information related to Danish employee benefits
- Assess the Danish employee benefits market, including state and compulsory benefits and private benefits
- Gain insights into the key employee benefit schemes offered by private employers in Denmark
- Gain insights into key regulations governing Danish employee benefits, and their impact on companies

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