Eika Forsikring
Eika Forsikring is a Norwegian insurance company (now operating as Fremtind post-October 2024 merger) distributing personal, commercial, agricultural, and pet insurance exclusively through the Eika Alliance network of 50 local banks and partner organizations across Norway.
- Company typePrivate
- Founded1999
- HeadquartersHamar, Norway
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Eika Forsikring does
Eika Forsikring is a Norwegian insurance company founded in 1999 and headquartered in Hamar, Norway, operating as the insurance arm of the Eika Alliance — a network of approximately 50 local savings banks. The company distributes a comprehensive insurance portfolio spanning personal lines (car, home, travel, life, health, accident, pet), commercial lines (liability, cyber, business interruption, professional indemnity), and agricultural lines (livestock, farm buildings, crops, equipment), exclusively through Eika bank branches and a BankID-authenticated digital self-service portal (Min Side). Its core technology is a policy management and claims processing platform integrated with Norwegian BankID for secure authentication and electronic document signing, with ancillary integrations to SOS International (emergency assistance), Falck Helse (health claims), FirstVet (veterinary consultations), and Hurtigruta Carglass (auto glass repair).
Revenue is generated through recurring subscription premiums paid monthly or annually across all product lines, with pricing variations based on coverage tier, customer profile, and bundling discounts (10% collector discount for 3+ policies, up to 25% member discounts through partner organizations). The go-to-market combines bancassurance distribution via the Eika bank network, direct-to-consumer digital channels, and community-led partnerships with NJFF (~120,000 hunting and fishing members), Econa (~28,500 economist members), and Virke (25,000+ trade and service businesses). Customer segments include private individuals (primary), SMEs, agricultural businesses, young adults under 34, and hunting/fishing enthusiasts.
As of October 1, 2024, Eika Forsikring completed its merger with Fremtind Forsikring (approved by Finanstilsynet) and now operates under the Fremtind brand, owned jointly by SpareBank 1 Gruppen, DNB, and Eika Gruppen. The merger consolidates bancassurance distribution across Norway's three largest banking groups, with Hege Toft Karlsen serving as CEO of the combined entity.
Eika Forsikring firmographics
Firmographics- Name
- Eika Forsikring
- Legal name
- Eika Forsikring
- Website
- https://eikaforsikring.no
- Company type
- Private
- Founded year
- 1999
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- Eika Forsikring is a Norwegian insurance company (now operating as Fremtind post-October 2024 merger) distributing personal, commercial, agricultural, and pet insurance exclusively through the Eika Alliance network of 50 local banks and partner organizations across Norway.
- Ownership category
- akta.pro rank
Where Eika Forsikring is headquartered
LocationHeadquarters
- HQ city
- Hamar
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Eika Forsikring business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Property and Casualty Insurance: Core insurance products including vehicle (car, boat, motorcycle), home (house, cabin, contents), travel, and accident insurance. Premiums are paid annually or monthly with various coverage tiers.
- Life and Health Insurance: Personal insurance products including life insurance, disability insurance, critical illness coverage, health insurance, and child insurance. Revenue from ongoing premiums and health assessment processes.
- Agriculture Insurance: Specialized insurance for farming operations including buildings, livestock, equipment, crops, and agricultural machinery. Covers both property and liability risks specific to agricultural businesses.
- Business/Commercial Insurance: Corporate insurance products including liability, business interruption, cyber, professional liability, and commercial property coverage for SMEs and organizations.
- Pet Insurance: Insurance for dogs, cats, and horses covering veterinary expenses, illness, and accidents. Revenue from monthly or annual premiums.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Collector discount for 3+ policies |
| Subscription | Annual | NJFF member discount up to 25% |
| Subscription | Annual | Eika Pluss premium package |
| Subscription | Monthly | Econa student/UNG insurance package |
| Subscription | Monthly | Health insurance |
| Subscription | Monthly | Dog insurance with deductible options |
| Subscription | Monthly | Cat insurance |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Eika Forsikring product offering
Product offeringCore offering
Eika Forsikring (now operating as Fremtind following the October 2024 merger) provides a comprehensive portfolio of personal and commercial insurance products distributed through a network of approximately 50 Eika local banks across Norway. Core offerings span vehicle insurance (cars, motorcycles, boats, snowmobiles, tractors), home and property insurance (houses, cabins, contents), personal insurance (life, health, disability, critical illness, accident), pet insurance (dogs, cats, horses), commercial insurance (liability, cyber, business interruption), and specialized agricultural insurance (livestock, buildings, crops, equipment).
Product overview
Eika Forsikring (now operating as Fremtind following the October 2024 merger) is a Norwegian insurance company offering a comprehensive portfolio of personal and commercial insurance products distributed through a network of approximately 50 Eika local banks. The core product line spans vehicle insurance (cars, motorcycles, boats, ATVs, snowmobiles, tractors, etc.), home/property insurance (houses, cabins, contents), personal insurance (life, health, disability, critical illness, accident), and animal insurance (dogs, cats, horses). Business products include liability, commercial property, cyber, and transport insurance. Agricultural insurance covers livestock, buildings, equipment, and crops. The company also offers specialized member benefits through partnerships with NJFF (Norwegian Hunters and Anglers Association), Econa, and Virke. Insurance distribution is exclusively through Eika bank branches, with digital services accessible via Min side (My page) using BankID authentication.
Differentiator
Problem solved
Functional benefit
Products and services
- Bilforsikring (Car Insurance)
- Husforsikring (Homeowner Insurance)
- Innboforsikring (Home Contents Insurance)
- Hytteforsikring (Cabin Insurance)
- Reiseforsikring (Travel Insurance)
- Livsforsikring (Life Insurance)
- Helseforsikring (Health Insurance)
- Uføreforsikring (Disability Insurance)
- Kritisk sykdom (Critical Illness Insurance)
- Barneforsikring (Child Insurance)
- Hundeforsikring (Dog Insurance)
- Katteforsikring (Cat Insurance)
- Hesteforsikring (Horse Insurance)
- Ansvarsforsikring (Business Liability Insurance)
- Avbruddsforsikring (Business Interruption Insurance)
- Cyberforsikring (Cyber Insurance)
- Profesjons-ansvarsforsikring (Professional Liability Insurance)
- Næringsbyggforsikring (Commercial Building Insurance)
- Driftsbygning (Farm Building Insurance)
- Husdyrforsikring (Livestock Insurance)
- UNG-forsikring (Youth Insurance Package)
- Eika Pluss Premium Package
- Jakthundforsikring (Hunting Dog Insurance)
- Utstyrsforsikring (Hunting/Fishing Equipment Insurance)
Quantifiable outcome
- Up to 25% discount available through member benefit programs and policy bundling
- +2 more outcomes
Companies that use Eika Forsikring
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
Eika Forsikring technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Eika Forsikring partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and flagship.
- Fremtind ForsikringcoreEika Forsikring has merged with Fremtind Forsikring effective October 1, 2024. The combined entity operates under the Fremtind brand. Fremtind is owned by SpareBank 1 Gruppen, DNB, and Eika Gruppen. The merger strengthens the 'insurance in bank' concept across DNB, SpareBank 1, and Eika banks.
- Norges Jeger- og Fiskerforbund (NJFF)flagshipNJFF has approximately 120,000 members in 550 local associations and 19 regional chapters. Eika provides member-exclusive discounts up to 25% on property insurance, specialized hunting dog insurance, and equipment insurance.
- EconaflagshipEcona is the interest and labor organization for economists with 28,500 members. Eika provides discounted property insurance, collective insurance terms, and affordable student insurance packages through econaforsikring.no.
- VirkeflagshipVirke is the main organization for Norway's trade and service industry, representing over 25,000 businesses with 300,000+ employees. Eika provides all property insurance products for member companies.
- SOS Internationalcore24/7 emergency assistance center for road help abroad (+47 22 22 77 06) and medical emergencies during travel (+45 70 10 50 50). Provides global emergency response coordination.
- Falck HelsecoreHealthcare intermediary partner handling health insurance claims processing including medical services, physiotherapy, and psychology services through KRY video consultations.
- FirstVetcoreOnline veterinary service providing unlimited video consultations for insured pets. Available 24/7 for NJFF members with dog insurance. Users rate service 4.96/5.
- AXAcoreIncome insurance claims processing partner. Handles income protection insurance with 30-day waiting period before coverage begins.
- Hurtigruta CarglasscoreAuto glass repair partner for windshield damage claims. Available 24/7 at 24 24 11 66 or through carglass.no. Repairs at no deductible; replacements have 3,000 kr deductible.
- BankIDcoreNorwegian digital identity authentication system used for secure customer login, document signing, and identity verification across all digital services.
Scale indicators5 records
Recent moves7 records
Expansion highlights4 records
Eika Forsikring competitors and assessment
Company assessmentDirect peers
- Fremtind Forsikring: The merged entity that absorbed Eika Forsikring in October 2024, owned by SpareBank 1 Gruppen, DNB, and Eika Gruppen. Now operates the combined bancassurance insurance book across DNB, SpareBank 1, and Eika bank networks.
- IF Skadeförsäkring: Leading Nordic P&C insurer (owned by Sampo Group) with significant Norwegian operations across personal, commercial, and agricultural lines. Directly comparable product portfolio and customer segments.
- Storebrand Forsikring: Major Norwegian financial group with significant life, pension, and personal risk insurance operations. Overlaps with Eika in life, health, critical illness, and disability insurance segments.
- Protector Forsikring: Norwegian P&C insurer specializing in commercial and niche segments including property, liability, and specialty lines. Comparable in serving Norwegian SMEs and offering commercial products alongside personal lines.
- Tryg Forsikring: Major Nordic P&C insurer with strong Norwegian presence across personal, commercial, and agricultural insurance. Competes head-to-head with Eika in vehicle, home, and business insurance.
- Frende Skadeforsikring: Norwegian bancassurance insurer owned by a consortium of regional savings banks. Closest direct comparable in the bancassurance distribution model and product mix (auto, home, personal lines).
- Gjensidige Forsikring: Norway's largest general insurance carrier offering personal and commercial P&C, health, and life products through its own distribution and partners. Most directly comparable competitor in the Norwegian retail and SME P&C market.
Broad incumbents
- DNB Forsikring: Insurance operations of Norway's largest bank, now part of Fremtind. Comparable bancassurance distribution and personal insurance products distributed through DNB's branch and digital channels.
- SpareBank 1 Forsikring: Insurance arm of the SpareBank 1 Alliance, now consolidated into Fremtind post-merger. Comparable bancassurance model and product portfolio; historically a direct counterpart to Eika Forsikring within the Norwegian savings-bank ecosystem.
Regional players
- Alka Forsikring: Danish P&C insurer with a bancassurance heritage (originally linked to union/association distribution). Comparable in business model and product breadth across personal and commercial lines, though operating in Denmark rather than Norway.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Eika Forsikring social profiles
Digital presenceEika Forsikring compliance and trust
Trust signalCompliance3 records
Eika Forsikring financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eika Forsikring leadership team
Management profileNumber of profiles
Profiles1 record
Eika Forsikring funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eika Forsikring 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 Eika Forsikring
What does Eika Forsikring do?
Eika Forsikring (now operating as Fremtind following the October 2024 merger) provides a comprehensive portfolio of personal and commercial insurance products distributed through a network of approximately 50 Eika local banks across Norway. Core offerings span vehicle insurance (cars, motorcycles, boats, snowmobiles, tractors), home and property insurance (houses, cabins, contents), personal insurance (life, health, disability, critical illness, accident), pet insurance (dogs, cats, horses), commercial insurance (liability, cyber, business interruption), and specialized agricultural insurance (livestock, buildings, crops, equipment).
Is Eika Forsikring a public or private company?
Eika Forsikring is a private company. It is classified as corporate owned and is currently acquired.
When was Eika Forsikring founded?
Eika Forsikring was founded in 1999. It employs 101 to 250 people.
Where is Eika Forsikring based?
Eika Forsikring is headquartered in Hamar, Norway, in the Europe region.
How does Eika Forsikring make money?
Five revenue lines are on record. Property and Casualty Insurance is the primary driver. The others are life and Health Insurance, agriculture Insurance, business/Commercial Insurance and pet Insurance.
Who are Eika Forsikring's main competitors?
Direct peers on record are Fremtind Forsikring, IF Skadeförsäkring, Storebrand Forsikring, Protector Forsikring, Tryg Forsikring, Frende Skadeforsikring and Gjensidige Forsikring. Broad incumbents are DNB Forsikring and SpareBank 1 Forsikring. Alka Forsikring is listed as a regional player.
Does Eika Forsikring have an API?
No public API is recorded for Eika Forsikring.