Tryg Trade

What Tryg Trade does

Tryg Trade is a Nordic trade credit and guarantee insurance provider, operating as a division of Tryg Forsikring A/S (Nasdaq OMX Copenhagen: TRYG), Scandinavia's largest property and casualty insurer. Founded in 1890 as Tryg Garanti and rebranded in October 2024, the company has over 130 years of continuous operation in guarantee insurance and currently maintains local offices across 11 European countries (Denmark, Norway, Sweden, Finland, Germany, Austria, Switzerland, Netherlands, Belgium, United Kingdom, and Ireland). It serves primarily the construction industry and order-producing industrial companies, with secondary segments including international companies requiring cross-border guarantee frameworks, small businesses (turnover under DKK 10 million) seeking bankruptcy protection, and public authorities requiring regulatory compliance guarantees.

The company's core products are divided into guarantee insurance (surety bonds, performance guarantees, advance payment guarantees, bid bonds, and AB18/AB92-standard construction guarantees) and credit insurance (Monitor90 covering up to 90% of debtor default losses, the MonitorFlex add-on for deteriorating debtors, and Konkursforsikring bankruptcy insurance for SMBs). All products are managed through the proprietary POMnet online portal, which enables digital guarantee ordering with electronic delivery within 15 minutes, portfolio management, multilingual support across six languages, 24/7 self-service, and a published API (POMnet API) that integrates credit insurance functionality directly into customer ERP systems. Digital signatures are provided through DigiCert certification.

Tryg Trade generates revenue through subscription-based insurance premiums structured as annual or multi-year contracts with pricing agreed in advance. MonitorFlex premiums are billed quarterly in advance based on coverage amounts, while bankruptcy insurance operates on a fixed low premium annual model. The company distributes through direct B2B sales with dedicated account managers, supplemented by the self-service POMnet portal and phone/email channels for SMB products. The parent Tryg Forsikring A/S carries a Moody's A1 Financial Strength Rating with positive outlook as of September 2025, and Tryg Trade holds ICISA membership for international credit and surety cooperation.

Name

Tryg Trade

Legal name

Tryg Trade (operating as division of Tryg Forsikring A/S)

Website

https://trygtrade.dk

Company type

Private

Founded year

1890

Operating status

Operating

Headcount range

51–100 employees

Short description

Tryg Trade is a Nordic trade credit and guarantee insurance provider, operating as a division of Tryg Forsikring A/S across 11 European countries, serving construction, industrial, and SMB clients with surety bonds, credit insurance, and bankruptcy coverage via its POMnet digital platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Guarantee Insurance Premiums: Revenue generated from guarantee insurance policies issued to construction companies and order-producing industries. Customers pay premiums for surety bonds and guarantee coverage, typically structured as annual or multi-year contracts with competitive pricing agreed in advance.
2. Credit Insurance Premiums: Revenue from credit insurance (Monitor90, MonitorFlex, and bankruptcy insurance products) that covers up to 90% of customer losses from debtor defaults. Premiums calculated based on coverage amounts and customer risk profiles.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Tryg Trade provides commercial guarantee insurance (surety bonds for performance, advance payment, bid, AB18 construction guarantees, and EU/customs guarantees) and credit insurance (Monitor90, MonitorFlex, Konkursforsikring) for businesses. The company primarily serves construction firms, order-producing manufacturers, small businesses, and public authorities across 11 European countries. Policies are issued and managed digitally through the proprietary POMnet online portal, with API integration into customers' ERP/economic systems.

Product overview

Tryg Trade offers a portfolio of guarantee insurance and credit insurance products for businesses, primarily targeting the construction and order-based manufacturing industries. The core product line includes Guarantee Insurance (various bond types: AB18/AB92, advance payment, tender, payment, delivery, customs guarantees) and Credit Insurance products (Monitor90 covering up to 90% of losses, MonitorFlex add-on coverage, and Konkursforsikring for smaller businesses). All products are managed through the POMnet online platform, which enables digital guarantee ordering, portfolio management, and API integration with customers' financial systems. Digital signatures (via DigiCert) are used for all guarantee documents. The company operates internationally across 11 European countries.

Differentiator

Problem solved

Functional benefit

Brands

• POMnet: Online customer portal for managing guarantees and credit insurance coverages, offering digital ordering, portfolio overview, and electronic document handling.

Products and services

• Garantiforsikring (Guarantee Insurance) Surety bond insurance used as security for performance of contracts, payment of deliveries, or repayment of advance payments. Used primarily by construction companies and order-producing manufacturers to win contracts, including AB18 construction guarantees, advance payment guarantees, bid bonds, delivery guarantees, and EU/customs guarantees.
• Monitor90 (Credit Insurance)

Quantifiable outcome

• Up to 90% coverage of losses from customer defaults
• +3 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• ICISA (International Credit Insurance & Surety Association)coreOthersTryg Trade is a member of ICISA, the international credit and surety association. This membership ensures access to a widely branched cooperation with other leading experts in guarantee insurance both in Europe and worldwide.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Liberty Mutual Surety: Major US-based surety bond underwriter with international operations. Comparable in offering contract and commercial surety bonds to construction and industrial customers, though with a North American stronghold.
• Travelers Surety: Major US surety bond carrier with significant market share. Comparable in product focus (contract surety, commercial surety) and customer profile (construction and industrial obligors), though US-centric.
• Allianz Trade (formerly Euler Hermes): Global #1 in trade credit insurance and a major surety provider. Directly comparable to Tryg Trade in offering credit insurance that protects against debtor default alongside guarantee/surety products, serving multinational corporates across Europe and globally.
• Coface: Global credit insurance specialist with significant surety operations. Directly comparable in product set (credit insurance + surety bonds), customer base (B2B corporates managing trade receivables), and European distribution.
• Atradius: Leading global credit insurance and surety provider, majority-owned by Grupo Catalana Occidente. Directly competes with Tryg Trade in credit insurance and surety bonds across European mid-market and multinational accounts.
• Chubb Surety: Surety bond carrier within Chubb's global specialty insurance portfolio. Comparable to Tryg Trade in underwriting contract and commercial surety for construction and industrial customers with multinational program capability.
• Tokio Marine HCC Surety: Specialty surety bond provider within Tokio Marine group. Directly comparable as a focused surety underwriter serving construction and commercial contract bonding needs across multiple jurisdictions.
• AIG Surety: Global surety bond provider under AIG's specialty insurance operations. Comparable in offering contract and commercial surety to construction and multinational industrial customers, with deep balance-sheet capacity.

Broad incumbents

• Gjensidige Forsikring: Largest Nordic P&C insurer and a direct regional competitor to Tryg in the broader market. While not a focused surety specialist, it underwrites commercial guarantees and credit insurance as part of its wider portfolio across Norway, Denmark, Sweden, and the Baltics.
• Codan (part of Intact Financial / RSA): Danish P&C insurer competing with Tryg in the home market. While not a surety specialist, it offers commercial guarantee products and credit-related coverages as part of a broader insurance portfolio serving Danish businesses.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Tryg Trade