Gjensidige Forsikring

Gjensidige Forsikring is a well-known Nordic insurance group that is listed on the Oslo Stock Exchange that has offered insurance services for more than 200 years.

With approximately 4,200 employees, Gjensidige Forsikring provides insurance products in Norway, Denmark, Sweden, and the Baltic countries. In Norway, Gjensidige also offers pensions and savings.

The Group's activities are divided into six main business areas, including General Insurance - Private, General Insurance - Commercial, General Insurance - Denmark, General Insurance - Sweden, General Insurance - Baltic, and Pension.

The private segment manages sales, client support, and claim resolution for a variety of life insurance products and services offered to people in Norway. Meanwhile, the commercial segment offers a wide range of general insurance products to commercial and agricultural customers as well as the public sector in Norway. In Denmark, Gjensidige Forsikring provides a broad range of non-life insurance products to individual and business clients, including the public and agricultural sectors. Additionally, the company also provides specialist travel insurance in the Nordic market. In Sweden, the Group's general insurance operations are focused on the country's individual and commercial sectors. Similarly, the Baltic segment also targets the commercial and private markets, including the Group's general insurance operations in Lithuania, Latvia, and Estonia.

Gjensidige offers occupational pension schemes to businesses in addition to individual pension and disability pension savings arrangements. In addition, retirement is also a priority area ensuring that Gjensidige is a comprehensive provider of insurance and retirement products to its private and commercial clients. To strengthen customer relationships and loyalty among non-life insurance customers, Gjensidige has launched a separate retirement account in 2021.

As of the end of 2022, Gjensidige has about 38,000 shareholders with the 20 largest owners holding a total of 84% of the shares of the Company. Gjensidige Fund is the largest owner of Gjensidige with a share ownership ratio of 62.2%. This will contribute to the predictability and stable ownership of the fund in Gjensidige.

Industry: Insurance services
Founded: 1923
Headquarters: Oslo, Norway

Website: https://www.gjensidige.no/