The Pool comprises:
- A Board consisting of 8 members with personal deputies. The Board supervises the Pool's activities.
- The loss committee with 5 members from the 4 largest companies. Responsible for the companies handling of losses and that all claims are equalized correctly.
- The reinsurance committee advises the Board on reinsurance matters,
and an administration is responsible for the day-to-day management.
The administration is ran from a separate Pool office in the Norwegian Financial Association. In the administration there are 4 people working with the Natural Perils Pool:
| Synnøve Bjerved
|Inquiries, - the loss committee, - contact with companies|
|Jørgen Strand Nielsen||Authorities, - web , -inquiries, -contact with companies|
E-mail address to the administration: email@example.com
Because of the EEA agreement, as of 1993 other companies can write insurance in the Norwegian market. As soon as a company has begun writing fire insurance in Norway, they are obliged to become members of the pool. If it is the other way around, a Norwegian policyholder wants to write its fire insurance in another country, it has to pay a fee to the pool as long as the foreign insurance company is not a member of the pool. The fee is calculated in the same way as the premium (0.07 0/00 of the sum insured) but gives no compensation in case of an incident/accident.