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Codan Forsikring

Full company profile

uuid000fhcm

Namestring
Codan Forsikring
Websiteurl
codan.dk
Company typeenum
Private
Founded yearint
1916
Short descriptiontext

Codan Forsikring is a Danish insurance company, founded in 1916 and headquartered in Copenhagen, that provides private insurance products covering personal property, liability, and other individual insurance needs to consumer policyholders in Denmark.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersCopenhagen, Denmark
HQ citystring
Copenhagen
HQ countrystring
Denmark
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
private insurance, personal insurance, property coverage, liability insurance, consumer insurance
Industry1 code
1Inland Marine / Personal Articles & Valuable Items Insurance
CodeFSAJACAJPrimaryYes
NAICS code1 code
  • Direct Insurance (except Life, Health, and Medical) Carriers52412
SIC code1 code
  • Fire, Marine & Casualty Insurance6331
Product category
Personal Insurance
Social media profiles1 record
Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Codan Forsikring is a Danish insurance company that sells private insurance products (privatforsikringer) to individual consumers in Denmark. Its offering covers personal property and liability risks typically needed by households and private individuals, including protection for homes, contents, and personal liability exposures. The company operates primarily through its website (codan.dk) and direct sales channels.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Privatforsikringer (Private Insurance)
No data
Peers10 records
TypeDirect peer
Description

The largest Scandinavian non-life insurer, headquartered in Denmark, offering personal and commercial P&C products across the Nordics. Codan and Tryg compete directly in Danish personal lines and have a documented historical M&A relationship, making Tryg the most relevant comparison.

TypeDirect peer
Description

Denmark's second-largest insurer, providing personal and commercial P&C, life, and pension products. Operates in the same Danish retail insurance market as Codan with overlapping product categories.

TypeDirect peer
Description

A Danish financial group offering banking, insurance, and pension products with a strong focus on personal insurance. Direct competitor to Codan in Danish private lines, particularly household and motor.

TypeBroad incumbent
Description

One of the largest Nordic P&C insurers, operating across the Nordics and Baltics with a broad personal and commercial portfolio. Competes with Codan in Denmark and the wider region as a pan-Nordical incumbent.

TypeBroad incumbent
Description

Norway-headquartered mutual insurer with growing Nordic presence, offering personal and commercial P&C. Comparable as a multi-line Nordic personal insurance operator with similar product breadth.

TypeBroad incumbent
Description

Finnish financial group whose largest subsidiary is If P&C. Operates as a pan-Nordical P&C incumbent and is comparable to Codan in scale, product mix, and regulatory exposure.

TypeBroad incumbent
Description

Swedish mutual insurer offering personal P&C, life, and pension products. Comparable as a Nordic personal-lines insurance provider with a long operating history similar to Codan's.

TypeRegional player
Description

Swedish regional insurance group offering P&C, banking, and real estate services. Comparable business model and product focus, but primarily Swedish rather than Danish in footprint.

TypeDirect peer
Description

Norwegian specialty P&C insurer with growing Nordic footprint, including Denmark. Comparable as a Nordic personal and commercial lines competitor overlapping with Codan's product range.

10Codan A/S (RSA Denmark)
TypeOthers
Description

Codan's own parent/affiliate within the RSA / Tryg structure historically. Listed for completeness as the closest internal reference point; no separate external operations.

Market position
Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Codan Forsikring

Personal Insurancecodan.dk

Codan Forsikring is a Danish insurance company, founded in 1916 and headquartered in Copenhagen, that provides private insurance products covering personal property, liability, and other individual insurance needs to consumer policyholders in Denmark.

Codan Forsikring firmographics

Firmographics
Name
Codan Forsikring
Website
https://codan.dk
Company type
Private
Founded year
1916
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Codan Forsikring is a Danish insurance company, founded in 1916 and headquartered in Copenhagen, that provides private insurance products covering personal property, liability, and other individual insurance needs to consumer policyholders in Denmark.
Ownership category
akta.pro rank

Codan Forsikring industry classification

Industry
Product category
Personal Insurance
NAICS
Direct Insurance (except Life, Health, and Medical) Carriers (52412)
SIC
Fire, Marine & Casualty Insurance (6331)
akta.pro primary industry
Inland Marine / Personal Articles & Valuable Items Insurance (FSAJACAJ)

Keywords

  • Private insurance
  • Personal insurance
  • Property coverage
  • Liability insurance
  • Consumer insurance

Where Codan Forsikring is headquartered

Location

Headquarters

HQ city
Copenhagen
HQ country
Denmark
HQ region
Europe

Markets served

Codan Forsikring business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Codan Forsikring product offering

Product offering

Core offering

Codan Forsikring is a Danish insurance company that sells private insurance products (privatforsikringer) to individual consumers in Denmark. Its offering covers personal property and liability risks typically needed by households and private individuals, including protection for homes, contents, and personal liability exposures. The company operates primarily through its website (codan.dk) and direct sales channels.

Differentiator

Problem solved

Functional benefit

Products and services

  • Privatforsikringer (Private Insurance)

Companies that use Codan Forsikring

Customer profile

Ideal customer profiles1 record

Codan Forsikring technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Codan Forsikring competitors and assessment

Company assessment

Direct peers

  • Tryg: The largest Scandinavian non-life insurer, headquartered in Denmark, offering personal and commercial P&C products across the Nordics. Codan and Tryg compete directly in Danish personal lines and have a documented historical M&A relationship, making Tryg the most relevant comparison.
  • Topdanmark: Denmark's second-largest insurer, providing personal and commercial P&C, life, and pension products. Operates in the same Danish retail insurance market as Codan with overlapping product categories.
  • Alm. Brand: A Danish financial group offering banking, insurance, and pension products with a strong focus on personal insurance. Direct competitor to Codan in Danish private lines, particularly household and motor.
  • Protector Forsikring: Norwegian specialty P&C insurer with growing Nordic footprint, including Denmark. Comparable as a Nordic personal and commercial lines competitor overlapping with Codan's product range.

Broad incumbents

  • If P&C Insurance: One of the largest Nordic P&C insurers, operating across the Nordics and Baltics with a broad personal and commercial portfolio. Competes with Codan in Denmark and the wider region as a pan-Nordical incumbent.
  • Gjensidige Forsikring: Norway-headquartered mutual insurer with growing Nordic presence, offering personal and commercial P&C. Comparable as a multi-line Nordic personal insurance operator with similar product breadth.
  • Sampo Group / If: Finnish financial group whose largest subsidiary is If P&C. Operates as a pan-Nordical P&C incumbent and is comparable to Codan in scale, product mix, and regulatory exposure.
  • Folksam: Swedish mutual insurer offering personal P&C, life, and pension products. Comparable as a Nordic personal-lines insurance provider with a long operating history similar to Codan's.

Regional players

  • Länsförsäkringar: Swedish regional insurance group offering P&C, banking, and real estate services. Comparable business model and product focus, but primarily Swedish rather than Danish in footprint.

Others

  • Codan A/S (RSA Denmark): Codan's own parent/affiliate within the RSA / Tryg structure historically. Listed for completeness as the closest internal reference point; no separate external operations.

Market position

Customer concentration

Codan Forsikring social profiles

Digital presence

Codan Forsikring financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Codan Forsikring leadership team

Management profile

Number of profiles

Codan Forsikring funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Codan Forsikring M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Codan Forsikring

What does Codan Forsikring do?

Codan Forsikring is a Danish insurance company that sells private insurance products (privatforsikringer) to individual consumers in Denmark. Its offering covers personal property and liability risks typically needed by households and private individuals, including protection for homes, contents, and personal liability exposures. The company operates primarily through its website (codan.dk) and direct sales channels.

Is Codan Forsikring a public or private company?

Codan Forsikring is a private company. It is classified as unknown and is currently operating.

When was Codan Forsikring founded?

Codan Forsikring was founded in 1916. It employs 1,001 to 5,000 people.

Where is Codan Forsikring based?

Codan Forsikring is headquartered in Copenhagen, Denmark, in the Europe region.

Who are Codan Forsikring's main competitors?

Direct peers on record are Tryg, Topdanmark, Alm. Brand and Protector Forsikring. Broad incumbents are If P&C Insurance, Gjensidige Forsikring, Sampo Group / If and Folksam. Länsförsäkringar is listed as a regional player. Codan A/S (RSA Denmark) is listed as an others.

Does Codan Forsikring have an API?

No public API is recorded for Codan Forsikring.

What industry is Codan Forsikring in?

Codan Forsikring's product category is Personal Insurance. Its primary akta.pro industry code is FSAJACAJ, Inland Marine / Personal Articles & Valuable Items Insurance. Its NAICS code is 52412 and its SIC code is 6331.

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Retail Banker InternationalQ3 2024 update: environmental sustainability related M&A activity in the financial services industryGlobalData's Q3 2024 report on Banking and Payments Industry M&A deals reveals environmental sustainability accounted for 19 transactions worth $342.2 million, with the largest being Gard's $163 million acquisition of Codan Forsikring. The value of sustainability-linked deals fell 79% from the prior quarter's $1.6 billion and 42% year-over-year, though deal volume rose 36% quarter-over-quarter and doubled compared to Q3 2023. The report identifies top financial and legal advisors supporting these M&A transactions during the nine-month period.GlobeNewswireAlm. Brand A/S - Interim report Q2 2022Alm. Brand Group reported Q2 2022 gross premium income of DKK 2,395 million, up 5.1% organically, and a technical profit of DKK 337 million. The company lifted its full-year technical result guidance to DKK 950-1,050 million before tax, citing Codan integration and synergies.GlobeNewswireAlm. Brand A/S - Completion of the acquisition of Codan Forsikring’s Danish business and appointment of new Group ManagementAlm. Brand has completed the acquisition of Codan Forsikring’s Danish business, creating the second-largest non-life insurance company in Denmark with a portfolio of approximately 700,000 customers. The combined entity appointed a new Group Management team led by CEO Rasmus Werner Nielsen to oversee the integration of the two companies' operations and brands. Alm. Brand expects to realize DKK 600 million in synergies by 2025, while anticipating DKK 1.0 billion in restructuring and transaction costs.GlobeNewswireCorporate Responsibility report 2021Tryg published its 2021 corporate responsibility report, covering progress on its strategy and targets. The report includes ESG data, climate reporting, EU Taxonomy disclosures, and TCFD-aligned climate-related disclosures. It also notes the acquisition of Trygg-Hansa and Codan, which updated the strategy's scope.GlobeNewswireAlm. Brand A/S to acquire the Danish business of Codan Forsikring A/SAlm. Brand A/S has entered into a binding agreement to acquire the Danish business of Codan Forsikring A/S from Intact Financial Corporation and Tryg A/S for approximately DKK 12.6 billion in cash. The transaction, expected to close in the first half of 2022, will create Denmark's second-largest non-life insurance company with over 700,000 customers and projected pre-tax synergies of DKK 600 million by 2025.GlobeNewswireTrygVesta sells marine hull business to RSA's subsidiary CodanTrygVesta and Codan agreed that Codan will buy TrygVesta's marine hull renewal rights for DKK 50m. The segment generated about DKK 400m in 2009 and covers 7% of the Nordic market. The transfer, including 24 employees, is expected in spring 2010 and subject to regulatory approval.