Balticfinance

Name

Balticfinance

Legal name

balticfinance Danmark A/S

Website

https://balticfinance.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Insurance Underwriting and Brokerage

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

Keywords

• Wholesale insurance brokerage
• Commercial insurance underwriting
• Sports insurance coverage
• Occupational injury insurance
• Insurance intermediary services

Headquarters

HQ city

Harrislee

HQ country

Germany

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Administration Fee: Balticfinance charges an administration fee of 8% of the insurance premium for each policy, covering service and collection costs. This is the primary revenue stream.
2. Statutory Injury Insurance Tax Collection: Collects a statutory damage insurance tax (skadeforsikringsafgift) of 1.1% of the insurance premium, which is a legally mandated tax passed through to the state.
3. Payment Processing Fees: Fees for non-annual payment frequencies: 2% for semi-annual and 4% for quarterly payments. Annual payments are free of charge.
4. Policy Administration and Claims Handling: Revenue derived from full-service policy management and claims handling for the international insurance companies Balticfinance represents.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Balticfinance is a wholesale insurance underwriting agency and intermediary that represents multiple internationally recognised, A-rated insurance carriers (Axis, HDI, Lloyd's, Swiss Life, Starr Insurance) in the Scandinavian market. It enables insurance brokers and agents to offer customised insurance solutions to their end customers — typically SMEs and private individuals — by identifying the optimal carrier for each risk, issuing and managing policies, and handling claims. The product portfolio covers business, private, sport (athlete-specific), and speciality insurance lines.

Product overview

Balticfinance is an insurance underwriting agency that operates as a intermediary between international insurance companies and insurance customers in the Scandinavian market. The company offers a diversified portfolio of insurance products organized into four main categories: Business (including Occupational Injuries, Motor, Keyman, Accident, Professional Disability, Property, Cyber, and Cancer insurance), Private (Accident insurance), Sport (Career Stop, Diver, and Sickness Benefit insurance for professional athletes), and Speciality (Cancellation and Prize Indemnity insurance). The company represents internationally recognized insurers including Axis, HDI, Lloyd's, Swiss Life, and Starr Insurance, and issues and manages insurance policies on their behalf. Balticfinance was founded in Denmark in 2004 and became part of the GGW Group in June 2023.

Differentiator

Problem solved

Functional benefit

Products and services

• Occupational Injuries Insurance Protects company employees in the event of an occupational accident or work-related injury, underwritten through international carriers represented by Balticfinance in Scandinavia.
• Motor Insurance Provides vehicle protection for company vehicles on the road, with coverage sourced through international partners including HDI.
• Keyman Insurance Insurance against additional costs incurred due to the absence of key personnel in a company.
• Business Accident Insurance Comprehensive accident coverage for employees at work or during leisure time, offered to companies via Balticfinance's broker network.
• Private Accident Insurance Accident coverage offered to private individuals through Balticfinance's broker network.
• Career Stop Insurance Insurance coverage for professional athletes facing career-ending injuries, placed via international carriers through Balticfinance.
• Diver Insurance Specialised insurance for divers with global coverage for underwater excursions.
• Sickness Benefit Insurance Provides financial protection during illness-related inability to work, targeted at professional athletes.
• Cancellation Insurance Insurance covering event cancellations and related losses, offered as a speciality line.
• Prize Indemnity Insurance Insurance coverage for prize promotions and guaranteed prizes, typically used by event organisers and marketers.
• Professional Disability Insurance Insurance providing financial protection to professionals in case of professional disability.
• Property Insurance Building and contents insurance covering property damage, offered to companies via Balticfinance's broker network.
• Cyber Insurance Insurance coverage for cyber risks and digital threats, distributed through Balticfinance's broker network.
• Cancer Insurance Insurance providing financial support to insured parties in the event of a cancer diagnosis.

Quantifiable outcome

• 100+ employees and growing portfolio of insurance products including occupational injury, accident, life, and professional sports insurance
• +1 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• GGW GroupcoreStrategic or Co-development Partner · 1 June 2023In June 2023, Balticfinance became part of GGW Group, an international insurance group. GGW Group is a consortium of owner-managed insurance brokers and underwriting agents. HG Capital (a private equity firm) is a financial backer of GGW Group. The partnership enables Balticfinance to maintain customer proximity in the Nordic market while benefiting from European capital backing and the wider GGW Group network of insurance professionals.
• Nordic Network (Sports Sponsorship)minorGTM or Marketing PartnerBalticfinance partners with Nordic Network for sports sponsorships. Since 2025/26, Balticfinance and GGW Group are active sponsors for four Danish handball clubs (GOG Håndbold, SAH Skanderborg Aarhus Håndbold, Sønderjyske Herrehåndbold, Odense Håndbold) through this partnership.
• SG Flensburg-HandewittminorGTM or Marketing PartnerBalticfinance and GGW Group are main sponsors (Hauptsponsor) of SG Flensburg-Handewitt, a German handball Bundesliga team. This sponsorship is a key milestone for brand visibility in the sports segment and highlights the company's expertise in professional sports insurance.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Aon: Global professional services firm offering insurance brokerage and risk management. Competes with Balticfinance for placement of complex and specialty risks into international carrier markets across the Nordics.
• Marsh McLennan: Global insurance brokerage and risk advisory giant. Competes with Balticfinance for placement of specialty and commercial risks from international carriers, though operating at vastly larger scale and with broader service offerings.
• Munich Re: Global reinsurer and primary insurer with MGA-style underwriting partners across Europe. Represents the type of international capacity provider Balticfinance routes business to, and increasingly builds direct distribution that competes with intermediaries.

Regional players

• Codan (RSA): One of Denmark's largest non-life insurers, part of Intact Financial / RSA. Regional peer competing for the same Nordic SME and personal lines customers that Balticfinance serves via its broker network.
• Tryg: Leading Scandinavian non-life insurer operating across Denmark, Norway, and Sweden. Regional peer with overlapping SME and personal insurance products that compete with Balticfinance's broker-distributed offering.
• If P&C Insurance (Sampo Group): Major Nordic and Baltic non-life insurer covering SME, motor, and personal lines. Comparable regional player with overlapping product set and distribution overlap in the Scandinavian broker channel.

Direct peers

• Howden: European specialty insurance broker with strong Nordic and German presence, distributing specialty and reinsurance products from international carriers. Directly comparable as a broker-distributed specialty intermediary operating across the same geography as Balticfinance.
• CFC Underwriting: Lloyd's-affiliated MGA writing specialty lines (cyber, professional lines, contingency) distributed through brokers. Directly comparable to Balticfinance as a multi-product, broker-distributed underwriting agency representing international carrier capacity.
• Beazley: Lloyd's-specialty insurer distributed via brokers across cyber, marine, political risk, and specialty lines. Comparable to Balticfinance in broker-distributed specialty coverage, though Beazley carries risk on its own balance sheet.
• Hiscox: Specialty insurer that distributes through brokers and uses an MGA-style underwriting model in niche commercial and specialty lines. Highly comparable to Balticfinance in operating model (broker-distributed specialty product) though at much larger global scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/balticfinance

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Balticfinance