Veteranforsikring Danmark

What Veteranforsikring Danmark does

Veteranforsikring Danmark is the dedicated veteran and classic vehicle insurance division of Thisted Forsikring A/S, a Danish mutual insurer founded in 1853. Established as a separate specialty unit in 2003, it underwrites insurance for veteran and classic cars, mopeds, motorcycles, tractors, trucks, and campervans, and positions itself as the largest dedicated veteran insurer in Denmark. The division is 100% customer-owned through its mutual parent structure, which removes external equity signals from the business.

Coverage is sold direct to consumers via phone, online, and in-person channels, with no publicly disclosed premium rates; pricing is generated on a per-quote basis. The company operates from three Danish locations: the Thisted headquarters at Thyparken 16, a Herning office at Dalgas Plads 4A (15 employees), and an Aalborg office. Customer-facing infrastructure includes a self-service Min Side portal and a differentiated SMS-to-Video claims workflow developed with Incendium, allowing claimants to submit video evidence directly to claims handlers.

Underwriting expertise is the core operating asset: staff self-identify as veteran vehicle enthusiasts, and the division supports a long-tail customer base (50,000+ customers across 150,000+ policies at the parent-group level) by relying on multi-decade experience in valuing and adjusting claims on collectible, modified, and historic vehicles. An assistance ecosystem (Dansk Autohjælp, SOS International's Red Card for European roadside, Falck, and Autoglasmanden) supplements the insurance product. Governance transitioned in January 2024 when Steen List succeeded Ole Højgaard as assurandør.

Name

Veteranforsikring Danmark

Legal name

Thisted Forsikring A/S

Website

https://veteranforsikringdanmark.dk

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Veteranforsikring Danmark is the dedicated veteran and classic vehicle insurance division of Danish mutual insurer Thisted Forsikring A/S, underwriting car, moped, motorcycle, tractor, truck, and campervan cover for hobbyist owners across Denmark through phone, online, and in-person channels.

Ownership category

akta.pro rank

Product category

Veteran Vehicle Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Classic / Collector Car Insurance (FSAJAAAG)

Keywords

• Classic vehicle insurance
• Veteran car insurance
• Collector vehicle coverage
• Specialty vehicle insurance
• Mutual insurance services

Headquarters

HQ city

Thisted

HQ country

Denmark

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Vehicle Insurance Premiums: Recurring insurance premiums for veteran/classic vehicles including cars, motorcycles, mopeds, trucks, tractors, and camping trailers. Policy renewals occur annually.
2. Policy Fees and Cancellation Charges: Fees charged for policy cancellations including 75 kr short-notice cancellation fee and 500 kr fee for customers who have held insurance less than one year.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Veteranforsikring Danmark provides specialized insurance products for veteran and classic vehicles in Denmark, covering classic cars, motorcycles, mopeds, trucks, tractors, and camping trailers. The company operates as a division of Thisted Forsikring A/S, a mutual insurer, and has been insuring vintage vehicles for more than 20 years. Distribution is direct-to-consumer via phone, online portal, and office visits, with bundled roadside assistance in Denmark and Europe.

Product overview

Veteranforsikring Danmark is a specialized insurance company focused exclusively on veteran, classic, and collector vehicles. The company offers a portfolio of six distinct vehicle insurance products covering cars, mopeds, motorcycles, tractors, trucks, and campervans, all tailored for classic vehicle enthusiasts. As part of Thisted Forsikring A/S, the company has operated for over 20 years with a focus on personal service and specialist knowledge of vintage vehicles. Additional services include an SMS-to-video claims reporting system and an online self-service portal (Min Side) for policy management.

Differentiator

Problem solved

Functional benefit

Products and services

• Bilforsikring (Veteranbil)

Quantifiable outcome

• Automatic roadside assistance included with comprehensive insurance for vehicles over 30 years

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and major.

• Thisted Forsikring A/ScoreStrategic or Co-development PartnerParent company of Veteranforsikring Danmark. Thisted Forsikring is a mutual insurance company founded in 1853, 100% owned by customers, with over 50,000 customers and 150,000+ policies.
• SOS InternationalmajorTechnology or IntegrationInternational roadside assistance provider through the Red Card (Rødt Kort) system for policyholders abroad. Phone: +45 70 10 50 52.
• Dansk AutohjælpmajorTechnology or IntegrationRoadside assistance partner for vehicle breakdowns in Denmark. Policyholders contact directly at 70 10 80 90 with policy number.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• American Collectors Insurance: American Collectors Insurance specializes in classic, antique, and collector vehicle coverage in the US. Comparable to Veteranforsikring Danmark in single-category focus on enthusiast vehicles and agreed-value underwriting approach.
• ClassicLine Insurance: ClassicLine is a UK specialist provider focused exclusively on classic and vintage vehicle insurance. Comparable as a European niche specialist with similar product focus, though operating in a different national market.
• Hagerty: Hagerty is the largest US-based classic and collector vehicle insurance specialist and the global category leader. It insures cars, motorcycles, and other enthusiast vehicles, making it the most direct strategic peer to Veteranforsikring Danmark's specialty focus.
• Lancaster Insurance: Lancaster Insurance is one of the UK's leading specialist classic car insurance brokers. Comparable to Veteranforsikring Danmark through its dedicated focus on classic and vintage vehicles and enthusiast community engagement.
• Adrian Flux: Adrian Flux is a UK-based specialist insurance broker with a strong classic and vintage vehicle insurance offering. Directly comparable as a European specialty vehicle insurer serving enthusiast customers with tailored coverage.
• Grundy Insurance: Grundy is a long-established US specialist in agreed-value classic and collector car insurance with a similar enthusiast-focused, relationship-based model. Directly comparable in product specialization and customer segment.

Regional players

• If Skadeförsäkring: If is a major Nordic general insurer offering motor and specialty vehicle insurance across Sweden, Norway, Denmark, Finland, and the Baltics. Comparable as a regional incumbent with Nordic motor insurance exposure, including classic vehicle riders, though not specialized exclusively in veteran vehicles.

Others

• SOS International: SOS International is a Nordic roadside and travel assistance provider that partners with Veteranforsikring Danmark for cross-border policyholder support. Comparable as a key infrastructure/assistance partner embedded in the company's service delivery model.

Broad incumbents

• AXA Classic Car Insurance: AXA offers classic and vintage car insurance across European markets including the UK and France as part of its broader motor insurance portfolio. Comparable as a broad incumbent with a relevant specialty offering in the same category.
• Hiscox: Hiscox is a specialty insurer offering classic car and collector vehicle coverage as part of a broader specialty insurance portfolio. Comparable as an established European specialty carrier with classic vehicle exposure, though not exclusively focused on the niche.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Veteranforsikringdanmark
• LinkedInlinkedin.com/company/veteranforsikring-danmark

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Veteranforsikring Danmark