Byggmesterforsikring
- Company typePrivate
- Founded2003
- HeadquartersSki, Norway
- Headcount11–50
- GTM typeB2B
- OfferingServices
Byggmesterforsikring firmographics
Firmographics- Name
- Byggmesterforsikring
- Legal name
- Byggmesterforsikring AS
- Website
- https://bmf.no
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Byggmesterforsikring industry classification
Industry- Product category
- Construction Industry Insurance
- NAICS
- Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Surety & Bond Brokerage (FSAEADAI)
- akta.pro secondary industries
- Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH), Contract Surety Bonds (FSAJAIAA), Contractors BOP / Artisan Package (FSAJAFAD)
Keywords
Where Byggmesterforsikring is headquartered
LocationHeadquarters
- HQ city
- Ski
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Byggmesterforsikring business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance agency commissions: Byggmesterforsikring operates as a licensed insurance agent (forsikringsagent) for Byggmesterforbundet, earning commissions on insurance premiums placed with partner insurance companies including Protector Forsikring, Vis Forsikring, Vitec Forsikring, GarBo Försäkring, and Youplus Livsforsikring. The company acts as an intermediary between construction businesses and insurance underwriters.
- Pension product distribution (Duvi Pensjon): Byggmesterforsikring acts as an agent for Duvi Pensjon, distributing occupational pension (OTP) products to construction industry employers. Revenue is generated through agent commissions on pension savings contributions (minimum 2% of salary as required by Norwegian law). The company also offers supplementary disability insurance (uførepensjon) as an add-on.
- Guarantee products (contract guarantees): The company issues various guarantee products including contract guarantees (kontraktsgarantier) under Bustadoppføringslova, advance payment guarantees, payment guarantees, and builder's guarantees. These are financial guarantees issued to protect parties in construction contracts. Revenue is generated through guarantee premiums/fees charged to the construction companies requiring the guarantee.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Customized business insurance for construction companies |
| Subscription | Monthly | Duvi Pensjon OTP (mandatory occupational pension) |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Byggmesterforsikring product offering
Product offeringCore offering
Byggmesterforsikring is a licensed Norwegian insurance agency (forsikringsagent) that sells tailored business and private insurance, contract and statutory construction guarantees, and mandatory occupational pension (OTP via Duvi Pensjon) to companies and individuals connected to the Norwegian construction industry. The company acts as an intermediary placing policies with partner underwriters (Protector, Vis, Vitec, GarBo, Youplus) and earning commissions, while issuing guarantee instruments such as Bustadoppføringslova contract guarantees, contractor guarantees, advance payment guarantees, and payment guarantees for construction projects.
Product overview
Byggmesterforsikring is a construction industry insurance broker offering a comprehensive portfolio of insurance and guarantee solutions. The core offerings consist of Bedriftsforsikring (corporate insurance) and Privatforsikring (private insurance) for construction industry participants, supplemented by Innskuddspensjon/OTP pension services delivered through Duvi Pensjon, and Kontraktsgarantier (contract guarantees) including Bustadoppføringslova guarantees and Entreprenørgarantier. Additional specialized products include Andre garantier covering building kit purchases, client guarantees, advance payment guarantees, and payment guarantees. The company also offers Vilkårsgaranti Privat as a terms protection add-on for private insurance customers transitioning from other providers. All solutions are tailored for the Norwegian construction industry with compliance to Norwegian regulations including TEK17, NS standards (NS 8405, NS 8406, NS 8407), and bustadoppføringslova.
Differentiator
Problem solved
Functional benefit
Brands
- Duvi Pensjon: Pension savings solution offered through Byggmesterforsikring for mandatory occupational pension (OTP) for construction companies. Provides innskuddspensjon (defined contribution pension) and uførepensjon (disability pension) products.
Products and services
- Bedriftsforsikring (Business Insurance) Specialized business insurance portfolio for construction companies in Norway covering personnel insurance, building and liability insurance, vehicle and machinery insurance, and business and property insurance.
- Privatforsikring (Private Insurance) Comprehensive insurance solutions for private individuals connected to the construction industry, including personal insurance, travel and leisure insurance, vehicle and machinery insurance, and building and property insurance.
- Innskuddspensjon (OTP Occupational Pension via Duvi Pensjon) Mandatory defined contribution occupational pension (OTP) scheme for Norwegian construction employers, distributed via Duvi Pensjon, including investment portfolios and disability coverage.
- Kontraktsgarantier (Contract Guarantees) Legal guarantees protecting both clients and contractors against financial losses due to contract breach, fulfilling Norwegian legal requirements under Bustadoppføringslova and Norwegian standard contracts.
- Andre garantier (Other Guarantees) Extended guarantee solutions for the construction industry including building kit guarantees, client guarantees (byggherregaranti), advance payment guarantees (forskuddsgarantier), and payment guarantees (betalingsgarantier).
Quantifiable outcome
- 95% customer satisfaction rate for insurance solutions
- +5 more outcomes
Companies that use Byggmesterforsikring
Customer profileSegments8 records
Ideal customer profiles5 records
Byggmesterforsikring technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Byggmesterforsikring partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- ByggmesterforbundetcoreByggmesterforbundet (Norwegian Master Builders Association) is the parent organization that 100% owns Byggmesterforsikring. The company was established by and for members of the association. Byggmesterforbundet provides a steady stream of member referrals and brand credibility. BMF is described as 'byggebransjens egen forsikringsløsning' (the construction industry's own insurance solution).
- Protector ForsikringcoreProtector Forsikring is one of the insurance companies whose products are distributed through Byggmesterforsikring as an insurance agent. It is listed as one of the primary insurance partners alongside Vis Forsikring, Vitec Forsikring, GarBo Försäkring, and Youplus Livsforsikring.
- Vis ForsikringcoreVis Forsikring (formerly Norsk Hussopp Forsikring) is one of the insurance companies whose products are distributed through Byggmesterforsikring as an insurance agent. Their IPID documents are available through BMF's website.
- Vitec ForsikringcoreVitec Forsikring is one of the insurance companies whose products are distributed through Byggmesterforsikring as an insurance agent.
- GarBo FörsäkringcoreGarBo Försäkring is a Swedish insurance company partnered with Byggmesterforsikring for distributing insurance products, particularly across Nordic markets.
- Youplus LivsforsikringcoreYouplus Livsforsikring is a life insurance company whose products are distributed through Byggmesterforsikring as an insurance agent.
- Duvi PensjoncoreByggmesterforsikring acts as an agent for Duvi Pensjon, distributing occupational pension (OTP) products to Norwegian employers. Duvi provides two standard investment portfolios (Langsiktig and Kortsiktig) and disability insurance supplements. BMF describes Duvi Pensjon as their pension solution provider with price guarantees for small and medium businesses.
- Kogstad Lunde & CominorKogstad Lunde & Co is listed as a partner, likely providing legal or financial consulting services supporting BMF's operations.
- Malermesterenes LandsforbundminorMalermesterenes Landsforbund (National Association of Master Painters) is a trade association partner that recommends BMF's insurance products to its member painters.
- MurmesterforbundetminorMurmesterforbundet (Norwegian Masons Association) is a trade association partner recommending BMF's products to its member masonry businesses.
- Bygghåndverk NorgeminorBygghåndverk Norge (Construction Craft Norway) is a trade association partner referring member businesses to BMF for insurance and guarantee solutions.
- E-HåndverkminorE-Håndverk (E-Trade) is a trade association for electrical and technical trades that partners with BMF to refer members for specialized insurance coverage.
Scale indicators10 records
Recent moves5 records
Expansion highlights5 records
Byggmesterforsikring competitors and assessment
Company assessmentDirect peers
- GAR-BO Försäkring: Swedish specialty insurer focused on construction, renovation, and real estate insurance — offering builders risk, contractor liability, and project coverages closely analogous to BMF's Norwegian construction offering. Both serve as construction-industry specialists within their respective Nordic markets, sharing guarantee-heavy product mixes and trade-aligned distribution.
Others
- Vis Forsikring: Norwegian insurance company (formerly Norsk Hussopp Forsikring) providing household and property insurance — including building damage/fungal-related coverages relevant to construction. Functions as a BMF distribution partner (product supplier) rather than direct competitor in the trade-association channel.
- Protector Forsikring: Norwegian specialty insurer and one of BMF's primary carrier partners — Protector underwrites the insurance products BMF distributes. Acts as a supplier/carrier rather than direct competitor, but operates in the same Norwegian commercial-insurance ecosystem and could in theory build direct construction-specialty distribution.
Broad incumbents
- Fremtind Forsikring: Norwegian personal and commercial insurer owned by SpareBank 1 and DNB. Provides general insurance products including some commercial offerings for small businesses, including in the construction sector, but does not specialize in construction-guarantee work.
- If Skadeförsäkring: Leading Nordic P&C insurer (Sampo Group subsidiary) serving both consumer and commercial customers in Norway with construction-related business coverages. Indirectly competes for Norwegian construction SME insurance needs but is not construction-specialized.
- Tryg Forsikring: Major Nordic general insurer operating across Norway, Sweden, and Denmark, offering commercial and personal insurance lines including construction-related coverage. Overlaps with BMF on commercial construction insurance but competes from a broad multi-line portfolio rather than trade-association alignment.
- SpareBank 1 Forsikring: Norwegian personal and commercial insurer with banking-channel distribution across the SpareBank 1 alliance. Overlaps with BMF on commercial lines for small businesses including construction trades, but distributes through bank channels rather than trade associations.
- Gjensidige Forsikring: Largest Norwegian general insurer providing business, personal, and commercial insurance across Norway. Competes with BMF on commercial lines and construction business insurance, but lacks BMF's trade-association ownership and Norwegian construction-law (Bustadoppføringslova, NS standards) specialization.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Byggmesterforsikring social profiles
Digital presenceByggmesterforsikring financial estimates
Financial estimateRevenue estimate
Valuation estimate
Byggmesterforsikring leadership team
Management profileNumber of profiles
Profiles4 records
Byggmesterforsikring funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Byggmesterforsikring 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 Byggmesterforsikring
What does Byggmesterforsikring do?
Byggmesterforsikring is a licensed Norwegian insurance agency (forsikringsagent) that sells tailored business and private insurance, contract and statutory construction guarantees, and mandatory occupational pension (OTP via Duvi Pensjon) to companies and individuals connected to the Norwegian construction industry. The company acts as an intermediary placing policies with partner underwriters (Protector, Vis, Vitec, GarBo, Youplus) and earning commissions, while issuing guarantee instruments such as Bustadoppføringslova contract guarantees, contractor guarantees, advance payment guarantees, and payment guarantees for construction projects.
Is Byggmesterforsikring a public or private company?
Byggmesterforsikring is a private company. It is classified as corporate owned and is currently operating.
When was Byggmesterforsikring founded?
Byggmesterforsikring was founded in 2003. It employs 11 to 50 people.
Where is Byggmesterforsikring based?
Byggmesterforsikring is headquartered in Ski, Norway, in the Europe region.
How does Byggmesterforsikring make money?
Three revenue lines are on record. Insurance agency commissions are the primary driver. The others are pension product distribution (Duvi Pensjon) and guarantee products (contract guarantees).
Who are Byggmesterforsikring's main competitors?
GAR-BO Försäkring is listed as a direct peer. Others are Vis Forsikring and Protector Forsikring. Broad incumbents are Fremtind Forsikring, If Skadeförsäkring, Tryg Forsikring, SpareBank 1 Forsikring and Gjensidige Forsikring.
Does Byggmesterforsikring have an API?
No public API is recorded for Byggmesterforsikring.
What industry is Byggmesterforsikring in?
Byggmesterforsikring's product category is Construction Industry Insurance. Its primary akta.pro industry code is FSAEADAI, Surety & Bond Brokerage, with a secondary code of FSAJAGAH, Construction Specialty (Wrap-Ups/Builders Risk/Contractors). Its NAICS code is 52421 and its SIC code is 6411.