Special Risk
Special Risk is a Danish insurance intermediary and Managing General Agent providing specialty insurance — professional liability, D&O, cyber, crime, netbank, and jeweler coverage — directly to professional firms and SMBs, and white-label specialty products to 12 Danish insurance companies serving over 70% of Danish businesses.
- Company typePrivate
- Founded2020
- HeadquartersSøborg, Denmark
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Special Risk does
Special Risk Forsikring ApS is a Danish insurance intermediary (forsikringsagentur) and Managing General Agent headquartered in Søborg, Denmark. The company is organized around two service lines: Special Risk Solution, which delivers specialty insurance products directly to professional services firms and SMBs, and Special Product Service (SPS), which supplies white-label specialty products, co-assurance placement, and 360° assistance to 12 Danish insurance companies (including Tryg, Topdanmark, Alm. Brand, Gjensidige, and Codan) whose advisors collectively serve more than 70% of Danish businesses.
The product portfolio covers mandatory professional liability for lawyers and auditors (meeting Advokatsamfundet and statutory auditor thresholds), board liability insurance (with HDI Global Specialty as capacity partner), cyber, crime, and netbank insurance for SMBs, guarantee/bail insurance up to DKK 75 million, and a comprehensive package for jewelers and goldsmiths developed with Alm. Brand and the Danish Goldsmith Association (Guldsmedeforeningen). Distribution operates through three channels: an online self-serve platform (salg.specialrisk.dk) for standardized products, a direct B2B sales team for complex placements, and the SPS partner channel that reaches 800+ insurance advisors.
The revenue model is commission-based: Special Risk intermediates insurance on behalf of selected carriers and earns commissions on placed policies. Capacity is sourced from an international insurance network spanning Danish insurers, Managing General Underwriting agencies, and Lloyd's of London syndicates covering European, US, and Asian risks. The company is privately held with no institutional investors identified, and recent governance changes include a 2023 ownership restructuring, Morten Klitvad becoming co-owner in April 2024, and the establishment of a professional Advisory Board in December 2025.
Special Risk firmographics
Firmographics- Name
- Special Risk
- Legal name
- Special Risk Forsikring ApS
- Website
- https://specialrisk.dk
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Special Risk is a Danish insurance intermediary and Managing General Agent providing specialty insurance — professional liability, D&O, cyber, crime, netbank, and jeweler coverage — directly to professional firms and SMBs, and white-label specialty products to 12 Danish insurance companies serving over 70% of Danish businesses.
- Ownership category
- akta.pro rank
Where Special Risk is headquartered
LocationHeadquarters
- HQ city
- Søborg
- HQ country
- Denmark
- HQ region
- Europe
Offices1 record
Markets served
Special Risk business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Insurance Intermediation/Commission: Special Risk operates as an insurance agency (forsikringsagentur) that intermediates insurance products on behalf of selected insurance companies. Revenue is generated through commissions from insurance companies for policies placed through their network. As stated, they do not act as a brokerage but as an agency following Danish Insurance Distribution Act (Lov om Forsikringsformidling).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Office insurance Small package - basic coverage |
| Subscription | Annual | Office insurance Medium package - enhanced coverage |
| Subscription | Annual | Office insurance Large package - comprehensive coverage |
| One time/ perpetual license | Multi-year contract | Netbank Insurance - online purchase |
| One time/ perpetual license | Multi-year contract | Bail Insurance (Kautionsforsikring) - online purchase |
| Subscription | Annual | Cyber Insurance - coverage limit |
| Subscription | Annual | Directors & Officers Insurance - flexible sum |
| Subscription | Annual | Auditor Professional Liability - based on firm size |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
Special Risk product offering
Product offeringCore offering
Special Risk operates as a Managing General Agent and insurance intermediary (forsikringsagentur) distributing specialty insurance products on behalf of selected insurance companies in Denmark. Its core offering spans two service lines: Special Risk Solution (direct B2B and small-business insurance products including professional liability for lawyers and auditors, cyber, crime, netbank, board liability, and jeweler package insurance) and Special Product Service (white-label and co-assurance offerings delivered to 12 Danish insurance company partners).
Product overview
Special Risk operates as an insurance intermediary and Managing General Agent (MGA) organized around two main service lines: Special Risk Solution (direct B2B and B2C insurance products) and Special Product Service (white-label and co-assurance offerings for insurance companies). Special Risk Solution encompasses targeted insurance products including professional liability for lawyers and auditors, cyber and crime insurance, board liability insurance, netbank insurance, guarantee insurance, and jeweler package insurance — all available online or through advisors. Special Product Service supports Danish insurance companies (Tryg, Topdanmark, Alm. Brand, Gjensidige, Codan, and others) via 360° Assistance, Co-Assurance, and White Label Solutions, enabling full-coverage offerings for commercial customers. The company also maintains a broad international insurance network including Lloyd's of London syndicates for high-complexity risks.
Differentiator
Problem solved
Functional benefit
Brands
- Special Risk Solution: Insurance solutions for specific industries including jewelers, lawyers, and accountants, as well as board liability, cyber insurance, and crime insurance.
- Special Product Service
Quantifiable outcome
- Over 4,400 insurance policies managed across business areas
- +2 more outcomes
Companies that use Special Risk
Customer profileNamed customers4 records
Segments6 records
Special Risk technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Special Risk partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered minor and core.
- HELP (forsikring)minorPress release dated 27.05.2024 announced expansion of cooperation between Special Risk and HELP insurance. Details of the partnership not specified in available source materials.
- TrygcoreMajor Danish insurance company partner in Special Product Service (SPS) network. Special Risk provides specialty insurance products to Tryg's insurance advisors, enabling them to offer comprehensive 360-degree insurance solutions to commercial customers.
- TopdanmarkcoreMajor Danish insurance company partner in Special Product Service (SPS) network. Special Risk provides specialty insurance products to Topdanmark's insurance advisors for complete commercial customer solutions.
- Alm. BrandcoreInsurance company partner collaborating on Guldsmedeforsikring (jeweler insurance) product. Alm. Brand provides standard coverage while Special Risk adds specialty expertise. Also partner in SPS network for commercial insurance.
- GjensidigecoreNorwegian-origin Danish insurance company partner in SPS network providing specialty insurance products to their advisors for complete commercial solutions.
- CodancoreMajor Danish insurance company (part of RSA Group) partner in SPS network accessing Special Risk specialty products for commercial customers.
- Bornholms BrandforsikringminorRegional Danish insurance company partner in SPS network providing specialty insurance products to Bornholm-based and regional customers.
- Lokal ForsikringminorRegional Danish insurance company partner in SPS network offering Special Risk specialty products to their customer base.
- ErhvervssikringminorDanish commercial insurance specialist partner in SPS network accessing Special Risk specialty products for commercial customers.
- Thisted ForsikringminorRegional Danish insurance company partner in SPS network offering specialty insurance products to customers in the Thisted region.
- Gartnernes ForsikringminorSpecialized Danish insurance company for horticultural/agricultural businesses partner in SPS network.
- Storstrøm ForsikringminorRegional Danish insurance company partner in SPS network serving customers in the Storstrøm region.
- HDI Global SpecialtycoreEuropean leading insurance company providing Bestyrelsesansvarsforsikring (Directors & Officers insurance) products through Special Risk. HDI Global Specialty is one of Europe's premier specialty insurers offering financial lines products.
- Guldsmedeforeningen (Danish Goldsmith Association)coreClose partnership with Danish Goldsmith Association to serve jewelry store customers. Special Risk has developed specialized insurance solutions for the goldsmith and jewelry industry including the comprehensive 'Guldsmedeforsikring' package insurance.
- Lloyds of London (Syndikater)coreInternational insurance market access through Lloyd's of London syndicates as part of Special Risk's insurance network. Provides capacity for complex and large specialty insurance risks in the Danish market.
- Managing General Underwriting Agencies (MGU'er)coreNetwork of local Managing General Underwriting agencies as part of Special Risk's insurance network. These MGUs provide specialized underwriting expertise and capacity for specialty insurance products.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Special Risk competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Customer concentration
Special Risk social profiles
Digital presenceSpecial Risk financial estimates
Financial estimateRevenue estimate
Valuation estimate
Special Risk leadership team
Management profileNumber of profiles
Special Risk funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Special Risk 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 Special Risk
What does Special Risk do?
Special Risk operates as a Managing General Agent and insurance intermediary (forsikringsagentur) distributing specialty insurance products on behalf of selected insurance companies in Denmark. Its core offering spans two service lines: Special Risk Solution (direct B2B and small-business insurance products including professional liability for lawyers and auditors, cyber, crime, netbank, board liability, and jeweler package insurance) and Special Product Service (white-label and co-assurance offerings delivered to 12 Danish insurance company partners).
Is Special Risk a public or private company?
Special Risk is a private company. It is currently operating.
When was Special Risk founded?
Special Risk was founded in 2020. It employs 11 to 50 people.
Where is Special Risk based?
Special Risk is headquartered in Søborg, Denmark, in the Europe region.
How does Special Risk make money?
One revenue line is on record: insurance Intermediation/Commission.
Does Special Risk have an API?
No public API is recorded for Special Risk.