Fremtind

What Fremtind does

Fremtind Forsikring AS is one of Norway's largest insurance groups, formed in 2019 through the merger of SpareBank 1 Forsikring and DNB Forsikring and later incorporating Eika Forsikring in 2021. The group operates a bancassurance model, distributing property, casualty, life, and personal insurance products exclusively through its three owner-banks — SpareBank 1 Gruppen (51.44%), DNB Bank ASA (28.46%), and Eika Gruppen AS (20.10%) — and labor-union channels including LOfavør, Econa, and NJFF. Fremtind serves over 1.1 million private customers and approximately 82,000 business customers, holding 18.7% of the Norwegian non-life insurance market and 24.7% of the private property segment. The product portfolio spans home, travel, car, accident, life, disability, business, and home-seller insurance, with supporting services including digital claims reporting (meldskade.fremtind.no), 24/7 international travel assistance via SOS International, roadside assistance through subsidiary AutoSync AS (formerly Fremtind Service), and the FROG rehabilitation course for disability policyholders.

The group's technology stack centers on AI and machine learning embedded across the insurance value chain: NLP models process speech and text from customer interactions, computer vision models assess vehicle windshield damage, and predictive analytics support risk modeling and pricing, while anomaly-detection systems identified 175 MNOK in fraud in 2025. The proprietary Jøkul design system, developed internally and shared across the SpareBank 1 ecosystem, standardizes the digital customer experience. Fremtind's revenue model is recurring premiums sourced through partner banks and unions, with pricing set per individual risk profile on an annual billing cadence; the group reported Q1 2026 insurance service revenue of 6,205 MNOK, result before tax of 1,294 MNOK, a 79.8% combined ratio, and a 177% solvency margin. Governance oversight includes registration with Finanstilsynet and an A2/stable Moody's IFSR rating (July 2025).

Name

Fremtind

Legal name

Fremtind Forsikring AS

Website

https://fremtind.no

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Fremtind is one of Norway's largest insurance groups, distributing property, casualty, life, personal, and business insurance exclusively through its owner-banks (SpareBank 1, DNB, Eika) and partner labor unions. It serves over 1.1 million private and 82,000 business customers using AI-driven claims, pricing, and fraud detection.

Ownership category

akta.pro rank

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance Premiums: Revenue generated from insurance premiums paid by private and business customers. Insurance products include home, travel, car, personal accident, life insurance, and group insurance schemes sold through bank and union partners.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Fremtind Forsikring AS is one of Norway's largest insurance companies, providing property and casualty (non-life) and personal insurance products — including home, travel, car, accident, life, disability and specialized home seller insurance — to over 1.1 million private customers and 82,000 business customers. Insurance products are sold exclusively through partner banks (SpareBank 1, DNB, Eika) and labor unions under a bancassurance model, while Fremtind handles claims processing, customer service and risk pricing internally using data-driven and AI-assisted methods.

Product overview

Fremtind is one of Norway's largest insurance groups operating through a bank-channel distribution model, offering a comprehensive portfolio of property, casualty, and life insurance products. The group consists of two core entities: Fremtind Forsikring AS (property and casualty insurance) and Fremtind Livsforsikring AS (life insurance), both owned by SpareBank 1 Gruppen (51.44%), DNB Bank ASA (28.46%), and Eika Gruppen AS (20.10%). Insurance products are primarily distributed through partner banks (SpareBank 1, DNB, Eika) and labor unions (LO/LOFavør, Econa, NJFF, Virke). The product portfolio spans home insurance, travel insurance, car/vehicle insurance, business insurance, personal/disability insurance, treatment insurance, accident insurance, and specialized home seller insurance (boligselgerforsikring). Supporting digital services include damage reporting, roadside assistance (via AutoSync/SOS International), online form submission (skjemaoppgaver), and a rehabilitation course program (FROG). Fremtind also employs AI/ML capabilities including machine learning for risk pricing, computer vision for car windshield damage assessment, NLP for processing speech/text data, and anomaly detection for fraud detection.

Differentiator

Problem solved

Functional benefit

Products and services

• Property & Casualty Insurance (Fremtind Forsikring AS) Core property and casualty insurance entity offering home, travel, car and business insurance to private and corporate customers in Norway. It holds 18.7% of Norway's total non-life insurance market and 24.7% of the private market, with customers buying policies through SpareBank 1, DNB and Eika banks.
• Life Insurance (Fremtind Livsforsikring AS) Wholly-owned life insurance entity offering personal insurance products including disability insurance, group life insurance, children's insurance, accident insurance, treatment insurance, payment protection insurance and salary insurance.
• Bank-Channel Insurance Distribution Fremtind's primary distribution model under which all insurance products are sold exclusively through partner banks (SpareBank 1, DNB, Eika) and labor unions (LO/LOfavør, Econa, NJFF). Customers purchase insurance through their bank or union membership, while Fremtind handles claims and customer service.
• Boligselgerforsikring (Home Seller Insurance) Insurance product specifically designed for home sellers in Norway. Covers claims related to property condition disclosures and defect declarations, bundled with the egenerklæring (property condition declaration) and tilstandsrapport (condition report) used in Norwegian home sales.
• AutoSync (Roadside Assistance and Vehicle Services) Wholly-owned subsidiary providing vehicle-related roadside assistance and related services (formerly Fremtind Service), offering emergency help to vehicle owners in Norway.
• Travel Insurance with SOS International Assistance Travel insurance product providing 24/7 international emergency assistance via SOS International, helping customers locate approved hospitals or doctors abroad and coordinating necessary treatment while traveling.
• FROG Rehabilitation Course Program Rehabilitation program (Fremtind Ressurs og Mestringsprogram / FROG) developed with lyk-z & døtre, offered through Fremtind's disability insurance to help policyholders return to work or activity. Pre-screening is performed by Norse Feedback; 75% of participants return to work or other activity.

Quantifiable outcome

• Three quarters of FROG course participants return to work or activity (75%)
• +1 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability9 records

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• SOS InternationalcoreTechnology or IntegrationSOS International provides 24/7 international assistance services for Fremtind's travel insurance customers. They help locate nearest approved hospitals or doctors and ensure customers receive appropriate and necessary treatment while traveling abroad. Contact number +47 22 96 50 45.
• Terravera FoundationminorStrategic or Co-development PartnerCollaboration with Terravera Foundation to quantify CO2 savings from using used car parts in repairs. They developed a tool for Fremtind that examines different car parts and models' emissions in a lifecycle perspective, as basis for data in the climate accounts.
• Lyk-z & døtrecoreStrategic or Co-development PartnerCollaboration with Lyk-z & døtre to support vulnerable groups back into working life through the FROG (Finding Real Optimism and Goals) course program. The course helps young adults gain economic independence and increased coping skills and activity.
• Ferd Sosiale EntreprenørercoreStrategic or Co-development PartnerSocial impact investor partnering with Fremtind to scale the FROG rehabilitation course program. Ferd Sosiale Entreprenører has invested in the collaboration to help reach more participants who could benefit from the course.
• SpareBank 1coreChannel Partner/ Reseller/ DistributorMajor distribution partner and co-owner (51.44% through SpareBank 1 Gruppen). SpareBank 1's network of regional banks sells Fremtind insurance products to their customers across Norway.
• DNBcoreChannel Partner/ Reseller/ DistributorMajor distribution partner and co-owner (28.46%). DNB distributes Fremtind insurance products through their retail and corporate banking channels.
• Eika GruppencoreChannel Partner/ Reseller/ DistributorDistribution partner and co-owner (20.10%). Eika's network of local savings banks distributes Fremtind insurance products.
• Finans NorgeminorStrategic or Co-development PartnerIndustry association membership. Fremtind participates in industry networks for sustainability through Finans Norge's Sustainable Finance professional group, contributing to influence work toward Norwegian and international authorities.
• SkiftminorStrategic or Co-development PartnerMember of the Skift business network working for business-driven green transition to a low-emission society. Fremtind leads the Climate Adaptation Skift initiative, sharing expertise and serving as a dialogue partner for authorities.
• Oslo Kommune - Næring for klimaminorStrategic or Co-development PartnerMember of Oslo municipality's business for climate network, creating a platform for dialogue and cooperation between the municipality and businesses to achieve climate goals.
• NorsifminorStrategic or Co-development PartnerMember of the Norwegian Forum for Responsible and Sustainable Investments, promoting the development of responsible investment practices in Norway.

Scale indicators13 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Gjensidige Forsikring: Norway's largest general insurer, directly competing across personal and commercial P&C lines; Fremtind's management has extensive prior tenure at Gjensidige, reflecting head-to-head competition in the same product categories and customer segments.
• If P&C Insurance: Leading Nordic P&C insurer owned by Sampo Group, operating directly in Norway with overlapping personal and business product lines; both companies compete in the Norwegian non-life market with similar broker and direct distribution.
• Tryg Forsikring: Major Nordic general insurer with Norwegian operations offering personal and commercial P&C products; competes with Fremtind in private auto, home, and travel insurance lines via independent agents and brokers.
• Protector Forsikring: Norwegian commercial-focused P&C insurer with strong presence in the SME/business segment where Fremtind has only 9.2% share; a direct competitor in business property and liability underwriting.
• KLP Forsikring: Norwegian mutual-owned insurer serving public-sector and large-group customers with P&C and personal insurance products; overlaps with Fremtind's group and personal insurance offerings.
• Folksam (Norway): Swedish-Norwegian mutual insurer offering personal and household insurance products; competes with Fremtind in the Norwegian private home and personal accident segments.

Broad incumbents

• Storebrand Forsikring: Large Norwegian financial services group offering life, pension, and asset management alongside P&C insurance; competes with Fremtind Livsforsikring in personal insurance/life products and offers broader financial product portfolio.
• DNB Livsforsikring: Life and pension arm of DNB (which holds 28.46% of Fremtind); operates in personal risk and pensions alongside Fremtind's life subsidiary, with potential overlap in products sold through the DNB bank channel.

Others

• SpareBank 1 Gruppen (insurance arm): Parent group that owns 51.44% of Fremtind; the broader banking group operates complementary insurance-adjacent activities via its regional bank network that distributes Fremtind products.

Emerging players

• BNP Paribas Cardif: Global bancassurance specialist with Nordic growth ambitions; operates a similar bank-distributed life and personal insurance model, comparable to Fremtind's bancassurance strategy for future strategic reference.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fremtind