Insr Insurance Group ASA
- Company typePublic
- Founded2009
- HeadquartersOslo, Norway
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Insr Insurance Group ASA does
Insr Insurance Group ASA is a Norwegian public limited company headquartered in Oslo that was founded in 2009 as a challenger in the Scandinavian property and casualty insurance market. The company originally operated under multiple brands including Nemi, Vardia, CoverMe, Tide, Yetz, Komplett, and Fjordkraft, and was listed on the Oslo Stock Exchange main market from 2014 until its delisting in 2022. Following regulatory pressure from the Norwegian Financial Supervisory Authority (Finanstilsynet), which in 2020 considered withdrawing its operating license, Insr executed an orderly wind-down of its insurance operations between 2020 and 2022.
In 2021–2022, Insr transferred its remaining insurance portfolios to Storebrand Forsikring AS (Norwegian portfolio and natural disaster claims), AmTrust International Underwriters DAC (historical portfolio 2001–2020), and DARAG Deutschland AG (motor, property, casualty and workers' compensation liabilities from Norway and Denmark) via Loss Portfolio Transfer and Portfolio Transfer Agreements. Finanstilsynet approved the transfers on 14 January 2022, and the company returned its insurance license. Insr delisted from Oslo Stock Exchange in 2022 and registered on the NOTC (Norwegian OTC market) on 6 December 2023 under ticker INSR, with 362,112,979 shares at NOK 0.01 par value and share capital of NOK 3,621,129.79.
Following the exit, Insr transitioned into a pure investment company that invests in equities and bonds. The company has 11–50 employees and is led by CEO Niclas Ward and CFO Hans Petter Madsen, with Christian Åbyholm as Chairman. It generates returns through its investment portfolio rather than any active operating business, and third-party claims administration for legacy policies is handled by Sedgwick. No active products, pricing models, or customer-facing operations exist.
Insr Insurance Group ASA firmographics
Firmographics- Name
- Insr Insurance Group ASA
- Legal name
- Insr Insurance Group ASA
- Website
- https://insr.io
- Company type
- Public
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Insr Insurance Group ASA industry classification
Industry- Product category
- Investment Management
- NAICS
- Insurance Carriers (5241)
- SIC
- Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Professional Liability (E&O) (FSAJAGAC)
Keywords
Where Insr Insurance Group ASA is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Insr Insurance Group ASA business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
Revenue model
- Investment Returns: Insr ASA generates returns through investments in equities and bonds, following its 2022 transition away from insurance operations to become a pure investment company.
Insr Insurance Group ASA product offering
Product offeringCore offering
Insr Insurance Group ASA is a Norwegian public investment company that invests in equities and bonds. Since its 2022 strategic transition away from Scandinavian property and casualty insurance operations, the company no longer underwrites insurance products; instead, it generates returns by managing an investment portfolio of publicly traded equities and fixed-income securities.
Product overview
Insr Insurance Group ASA is a former Norwegian insurance company that completed a strategic transition in 2022, exiting its insurance operations to become a pure investment company. The company previously operated as a Scandinavian property and casualty (P&C) insurance provider under multiple brands (Nemi, Vardia, CoverMe, Tide, Yetz, Komplett, Fjordkraft, among others) and was listed on the Oslo Stock Exchange from 2014 to 2022. Following the transition, Insr now invests in equities and bonds. The company's historical insurance portfolios were transferred to AmTrust International Underwriters DAC, DARAG Deutschland AG, and Storebrand Forsikring AS. The company is currently listed on NOTC with ticker INSR and is headquartered in Oslo, Norway. As the company no longer offers insurance products or services, there are no active product offerings to report.
Differentiator
Problem solved
Functional benefit
Companies that use Insr Insurance Group ASA
Customer profileIdeal customer profiles2 records
Insr Insurance Group ASA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Insr Insurance Group ASA partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered major and minor.
- DARAG Deutschland AGmajorLoss Portfolio Transfer (LPT) and Portfolio Transfer Agreement (PTA) with DARAG Germany. All of Insr's remaining insurance business transferred to DARAG, covering motor, property, casualty and workers' compensation liabilities from Norwegian and Danish jurisdictions. The agreement provides legal finality of all Insr's insurance liabilities before end of 2021.
- Storebrand Forsikring ASmajorInsr agreed to sell most of its Norwegian insurance portfolio to Storebrand. Policies transferred when renewed or amended. Natural disaster claims from transferred policies are handled by Storebrand. Transfer process expected to last until end of 2021.
- AmTrust International Underwriters DACmajorTransfer of historical insurance portfolio to AmTrust International Underwriters DAC as approved by Finanstilsynet on 14.01.2022. Covers insurance policies sold during 2001-2020.
- SedgwickminorThird-party claims administrator handling claims for transferred insurance policies. Contact: [email protected], phone +47 64 80 80 72. Handles all claims where Insr was the insurance provider, except natural disaster claims which go to Storebrand.
- DnB ASAminorRegistrar services for Insr ASA shares. DnB ASA, Issuer Services handles share registration in the VPS system.
Scale indicators4 records
Recent moves3 records
Expansion highlights3 records
Insr Insurance Group ASA competitors and assessment
Company assessmentDirect peers
- Storebrand ASA: Major Norwegian insurance and asset management group that directly acquired most of Insr's Norwegian insurance portfolio in 2020-2021. Operates in the same Norwegian P&C and life insurance market with significant asset management operations, making it both a former acquirer and a comparable Nordic insurance/wealth peer.
- Protector Forsikring ASA: Norwegian specialty P&C insurance company focused on niche commercial lines. Comparable to Insr's historical challenger positioning in the Nordic P&C market, with similar Scandinavian geographic reach and SME/targeted segment focus.
- Nordstern Holding AB: Swedish investment holding company focused on equities and listed investments. Most structurally comparable to Insr's current pure investment company model, with similar scale and a publicly listed Nordic investment vehicle structure.
- Gjensidige Forsikring ASA: Leading Norwegian P&C insurance carrier listed on Oslo Stock Exchange. Directly comparable to Insr's historical operations as a Scandinavian P&C insurer with similar geographic footprint and customer base in Norway.
Broad incumbents
- Investor AB: Swedish listed investment company managing a portfolio of listed and unlisted holdings. Comparable to Insr's public investment vehicle model, with much larger AUM and more diversified holdings, providing a benchmark for what a mature Nordic investment company can look like.
- Kinnevik AB: Swedish investment company listed on Nasdaq Stockholm with diversified equity portfolio. Comparable to Insr's current investment-only operating model, though at significantly larger scale with broader investment mandate and longer public market track record.
- KLP (Kommunal Landspensjonskasse): Norwegian mutual insurance and pension company with significant asset management operations. Comparable to Insr's insurance heritage and current investment focus, with comparable Nordic institutional investment mandate.
- Sampo Oyj: Nordic insurance holding company (Helsinki-listed) with major ownership in Nordic P&C insurer If. Provides a benchmark for Nordic insurance groups that have restructured their portfolios, comparable to Insr's strategic exit from underwriting.
- DNB Asset Management AS: Norwegian asset management division of DNB Bank managing substantial equity and bond portfolios. Comparable to Insr's current investment activities in Norwegian and Nordic equities/bonds, though at vastly larger AUM scale.
- If P&C Insurance Holding Ltd: Major Nordic P&C insurance carrier covering Norway, Sweden, Denmark, Finland and the Baltics. Comparable to Insr's historical Scandinavian P&C operations and a benchmark for the scale Insr might have achieved absent the regulatory issues.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key highlights5 records
Customer concentration
Insr Insurance Group ASA social profiles
Digital presenceInsr Insurance Group ASA financial estimates
Financial estimateRevenue estimate
Valuation estimate
Insr Insurance Group ASA leadership team
Management profileNumber of profiles
Profiles5 records
Insr Insurance Group ASA subsidiaries and ownership
Company hierarchySubsidiaries3 records
Insr Insurance Group ASA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Insr Insurance Group ASA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Insr Insurance Group ASA
What does Insr Insurance Group ASA do?
Insr Insurance Group ASA is a Norwegian public investment company that invests in equities and bonds. Since its 2022 strategic transition away from Scandinavian property and casualty insurance operations, the company no longer underwrites insurance products; instead, it generates returns by managing an investment portfolio of publicly traded equities and fixed-income securities.
Is Insr Insurance Group ASA a public or private company?
Insr Insurance Group ASA is a public company. It is classified as public and is currently operating.
When was Insr Insurance Group ASA founded?
Insr Insurance Group ASA was founded in 2009. It employs 11 to 50 people.
Where is Insr Insurance Group ASA based?
Insr Insurance Group ASA is headquartered in Oslo, Norway, in the Europe region.
How does Insr Insurance Group ASA make money?
One revenue line is on record: investment Returns.
Who are Insr Insurance Group ASA's main competitors?
Direct peers on record are Storebrand ASA, Protector Forsikring ASA, Nordstern Holding AB and Gjensidige Forsikring ASA. Broad incumbents are Investor AB, Kinnevik AB, KLP (Kommunal Landspensjonskasse), Sampo Oyj, DNB Asset Management AS and If P&C Insurance Holding Ltd.
Does Insr Insurance Group ASA have an API?
No public API is recorded for Insr Insurance Group ASA.
What industry is Insr Insurance Group ASA in?
Insr Insurance Group ASA's product category is Investment Management. Its primary akta.pro industry code is FSAJAGAC, Professional Liability (E&O). Its NAICS code is 5241 and its SIC code is 6399.