Landkreditt Forsikring

What Landkreditt Forsikring does

Landkreditt Forsikring is the insurance subsidiary of Landkreditt SA, a Norwegian financial services cooperative (samvirkeforetak) founded in 1915 and owned by Norwegian farmers. The company provides personal, agricultural, and business insurance products (Privatforsikringer, Landbruksforsikringer, Næringslivsforsikringer) as one of five wholly-owned operating subsidiaries alongside Landkreditt Bank AS, Landkreditt Forvaltning (fund management), Landkreditt Boligkreditt (housing credit), and Landkreditt Eiendom (real estate brokerage). Landkreditt operates as a vertically integrated financial platform anchored by a deep partnership with Norges Bondelag (Norwegian Farmers' Union), which provides member-based customer acquisition and preferential pricing channels.

Name

Landkreditt Forsikring

Legal name

Landkreditt SA

Website

https://landkreditt.no

Company type

Private

Founded year

1915

Operating status

Operating

Short description

Landkreditt Forsikring is a Norwegian cooperative insurance provider offering personal, agricultural, and business insurance products as part of the farmer-owned Landkreditt SA group, integrated with banking, fund management, and real estate brokerage services.

Ownership category

akta.pro rank

Product category

Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Crop & Farm Property Insurance (FSAJACAK)

akta.pro secondary industry

Homeowners Insurance (FSAJACAA)

Keywords

• Agricultural insurance
• Personal insurance
• Commercial insurance
• Cooperative insurance
• Insurance claims

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Landkreditt Forsikring generates revenue through insurance premiums from private, agricultural, and business customers. The company offers up to 20% discount on insurance products.
2. Interest Income from Lending: Core banking revenue from mortgage loans (boliglån), agricultural loans (landbrukslån), and other credit products. Interest rates start from 4.68% for standard mortgages.
3. Real Estate Brokerage Commission: Landkreditt Eiendom earns commissions on property sales with rates ranging from 1.5-4.75% of sale price for agricultural/commercial properties and 1.5-4.75% for residential properties (minimum 55,000 NOK for residential).
4. Fund Management Fees: Revenue from managing and administering securities funds (verdipapirfond), including Landkreditt Høyrente, Landkreditt Extra, and Landkreditt Aksje Global.
5. Pension Product Fees: Individual pension savings (IPS) and occupational pension products with annual management fees and potential setup charges.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Landkreditt Forsikring provides insurance products across three segments: private insurance (Privatforsikringer) for individuals and families including home, property, and personal liability coverage; agricultural insurance (Landbruksforsikringer) tailored to farmers covering farms, livestock, equipment, and farm operations; and business insurance (Næringslivsforsikringer) for commercial enterprises covering business assets, liability, and operations. The company operates as part of the Landkreditt SA cooperative and offers up to 20% discount on insurance products, particularly for Norges Bondelag members.

Product overview

Landkreditt is a Norwegian financial services cooperative offering a comprehensive range of banking, insurance, and fund management products. The company operates as a multi-product platform consisting of Landkreditt Bank (retail and agricultural banking services), Landkreditt Forsikring (personal, agricultural, and business insurance), Landkreditt Forvaltning (fund management), and Landkreditt Eiendom (real estate services). The core banking products include various mortgage and loan offerings (Boliglån, Grønt Boliglån, Førstehjemslån, Rammelån, Landbrukslån, Gårdskreditt, Driftskreditt, Ny bonde-lån, Traktorlån), savings products (Høyrentekonto, BSU, GSU), and pension solutions (IPS). Insurance offerings are structured across three segments: Privatforsikringer (personal), Landbruksforsikringer (agricultural), and Næringslivsforsikringer (business). Fund management services are provided through Landkreditt Fondene. The company also offers real estate agency services through Landkreditt Eiendom and specialized succession planning through Generasjonsskifte services.

Differentiator

Problem solved

Functional benefit

Brands

• Landkreditt Høyrente: High-interest deposit account product for customers
• Landkreditt Extra
• Landkreditt Aksje Global
• Sikkerhetsbutikk

Products and services

• Privatforsikringer (Personal Insurance)

Quantifiable outcome

• Strong customer satisfaction ratings in EPSI surveys
• +1 more outcomes

Named customers3 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

Integration4 records

AI capability3 records

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Norges Bondelag (Norwegian Farmers' Union)coreStrategic or Co-development Partner · 1 January 1915Landkreditt is a cooperative owned by Norwegian farmers, with roots dating to 1915. Norges Bondelag members receive preferential rates on banking and insurance products, access to member-only savings accounts (BSU, GSU), and dedicated services. The partnership provides mutual benefits: Landkreditt serves as a preferred financial partner for the union's farmer members, while Norges Bondelag provides marketing access and member referrals to Landkreditt.
• FelleskjøpetminorGTM or Marketing PartnerPartnership with Felleskjøpet (Norwegian agricultural cooperative) offering a safety equipment shop with discounted prices on protective equipment for farmers. Landkreditt customers receive access to special promotional offers and pricing through the Felleskjøpet safety store, providing a cross-promotional benefit for both companies.
• BankIDcoreTechnology or IntegrationBankID is the standard electronic identification system used across Norwegian banks. Landkreditt integrates BankID for customer authentication in netbank, mobile banking, and document signing. This is a national infrastructure partnership enabling secure digital banking services.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Others

• OBOS: Large Norwegian member-owned cooperative providing banking, real estate brokerage, and member benefits. Comparable structurally as a Norwegian cooperative financial services group, though focused on housing rather than agriculture.
• Felleskjøpet: Norwegian agricultural cooperative and existing GTM/marketing partner of Landkreditt. Comparable as a cooperative rooted in Norwegian agriculture, and ecosystem-relevant given the cross-promotional safety equipment partnership.

Broad incumbents

• Storebrand: Norwegian financial services group offering life insurance, pensions, asset management, and banking. Comparable in providing integrated financial products to Norwegian customers, particularly within savings and pension lines.
• DNB: Norway's largest financial services group, offering retail and commercial banking, insurance, and asset management nationwide. Overlaps with Landkreditt's full product suite but at substantially larger scale and broader market reach.
• If Skadeforsikring: Leading Nordic P&C insurance carrier owned by Sampo. Directly comparable in P&C underwriting but operates across multiple Nordic countries at much greater scale and with a broader portfolio.
• Tryg Forsikring: Major Nordic P&C insurer with strong presence in Norway. Comparable as a direct P&C insurance competitor serving retail and commercial customers, but with broader geographic diversification and larger scale.

Direct peers

• Länsförsäkringar: Swedish mutual insurance group rooted in agricultural and rural customers, offering P&C insurance, banking, and real estate brokerage. Closely comparable as a Nordic mutual agricultural insurer with a bundled banking-insurance-real estate platform.
• Eika Gruppen: Norwegian banking alliance for local savings banks, distributing banking and insurance products to retail and SME customers. Comparable as a Norwegian multi-product financial services group with a regional/savings-bank cooperative heritage.
• SpareBank 1 Gruppen: Norwegian banking alliance that includes regional savings banks serving rural and agricultural customers. Directly comparable in providing retail banking and insurance to Norwegian consumers, with a similar multi-product financial services model and Norwegian-only footprint.
• Gjensidige Forsikring: Norway's largest general insurance carrier, offering P&C products to both retail and commercial customers including farmers. Directly comparable as a Norwegian insurance underwriter with overlapping personal, agricultural, and business lines, but at materially larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Landkredittbank
• LinkedInlinkedin.com/company/landkredittforsikring

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 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 Landkreditt Forsikring