Insurance and Pension Denmark (I&P Denmark) has presented 30 policy proposals for the 2026 Finance Act, calling for sweeping changes including the abolition of sector-specific taxes, new green infrastructure funds, and enhanced incentives for pension savings.

Titled A Balanced Denmark — 30 Proposals for the Finance Act 2026, the document advocates abolishing the financial sector surtax, which I&P Denmark said placed a disproportionate burden on insurers and pension providers.

Scrapping the levy would cost the state around DKK 2.1bn annually, but I&P Denmark argued it would improve competitiveness and support long-term investment.

The paper also advocates for greater investment in green infrastructure, including a DKK 700m annual climate-proofing fund to protect homes and businesses from extreme weather and extended support for energy-efficient renovations using recycled materials.

Meanwhile, I&P Denmark called for reforms to increase the value of tax deductions, allow pensioners who return to work to pause annuity payouts and fix what it sees as "inconsistencies" in savings rules across different pension products.

Other proposals included support for mental health initiatives, measures to reduce bicycle theft and fire damage, and the removal of taxes on general and motor insurance premiums.

The package would cost an estimated DKK 5.7bn per year, with structural changes accounting for most of the cost.

“The time has come for a new investment in welfare, safety, and the green transition,” the report stated.

“With the right reforms, we can strengthen Denmark’s resilience and unlock greater value for citizens, businesses, and the economy.”

I&P Denmark CEO, Kent Damsgaard, said geopolitical uncertainty, accelerating climate challenges, and challenges with competitiveness under pressure called for farsighted political decisions and priorities.

“Climate change will hit Denmark much harder than we thought just a few years ago,” he claimed.

“We need to take stock of this and act on it if Danes are to be safe in their homes in the future and not potentially face major losses on homes in vulnerable areas.

“Therefore, we are proposing several measures to finance better climate protection for Denmark,” he continued.

Damsgaard added: "This is not an easy task, and therefore, the proposal should also inspire initiatives that will support us in moving Denmark towards an even better and safer society than the one we have today."

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