Top 12 Home Insurance Investors in the Nordics
Top 12 Home Insurance Investors in the Nordics
The home insurance industry in the Nordics is a vital part of the financial services ecosystem, offering protection against various property-related risks. Companies range from traditional insurers to innovative insurtech firms, focusing on personalized coverage and efficient claims processing. Recent trends show a shift toward digital solutions, with an increasing emphasis on seamless customer experiences. Notably, environmental factors are gaining attention, prompting insurers to incorporate sustainability into their policies. With advancements in technology like artificial intelligence and data analytics, the future of home insurance looks promising, as firms strive to enhance customer engagement and improve risk assessment practices.
This list highlights 12 key investors in the Nordic home insurance sector, comprising private equity, venture capital, and corporate entities. Among them, established firms such as EQT Group and Söderberg & Partners, founded between 1989 and 2004, have impactful footprints in the market. Most firms are based in Stockholm, although significant players like Schibsted hail from Oslo. With deal counts varying in 2024, these investors are strategically positioned to shape insurance offerings and leverage technological advancements.
Top 12 Home Insurance Investors in the Nordics
1. EQT Group
- Website: eqtgroup.com
- Type: Private Equity
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1994
- Headcount: 1001-5000
- Number of deals in 2024: 30
- LinkedIn: eqt-partners
EQT Group is a prominent investment firm founded in 1994, headquartered in Stockholm, Sweden. Specializing in private equity, infrastructure, real estate, growth equity, and venture capital, EQT serves institutional investors by managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the insurance sector, including a recent investment in Bought By Many, a leading pet insurance provider, as part of a USD 350 million Series D funding round. This investment highlights EQT's engagement in the insurance industry, although it is focused on pet insurance rather than home insurance. Additionally, EQT has a history of acquiring companies in various sectors, which may indicate potential future interest in home insurance investments.
2. Nordic Capital
- Website: nordiccapital.com
- Type: Private Equity
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1989
- Headcount: 201-500
- Number of deals in 2024: 10
- LinkedIn: nordic-capital
Nordic Capital is a private equity firm based in Stockholm, Sweden, founded in 1989. The firm specializes in investments across various sectors, including healthcare and technology, and has a strong focus on creating long-term value and sustainability in its investments. Notably, Nordic Capital has made significant strides in the insurance sector, having acquired Solid Forsakrings in July 2012, which operates in the home insurance space. More recently, they invested in One Inc, an InsurTech company, to accelerate growth and innovation in insurance solutions. Additionally, their investment in the Helmsauer Group, a commercial insurance broker, further highlights their engagement in the broader insurance market, which includes home insurance.
3. Kinnevik
- Website: kinnevik.com
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1936
- Headcount: 11-50
- Number of deals in 2024: 10
- LinkedIn: investment-ab-kinnevik
Kinnevik is a Stockholm-based investment company founded in 1936, known for partnering with innovative entrepreneurs across various sectors, including healthcare, software, marketplaces, and climate tech. They provide both capital and operational support to help companies scale and create long-term value. Kinnevik has made significant strides in the insurance industry, with notable investments in companies such as Sure, which raised $100 million in a Series C funding round to enhance its global expansion and improve customer experiences in embedded insurance. Additionally, Kinnevik led a $35 million Series B funding round for SafetyWing, an insurance firm focused on remote health solutions, reflecting their interest in modern insurance offerings. Their involvement with BIMA, a microinsurance provider, through multiple funding rounds, including a $107 million growth round, further underscores their commitment to the insurance sector. These transactions highlight Kinnevik's strategic focus on redefining industries and addressing global challenges through innovative insurance solutions.
4. Söderberg & Partners
- Website: soderbergpartners.se
- Type: Corporate
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 2004
- Headcount: 1001-5000
- Number of deals in 2024: 4
- LinkedIn: soderberg-%26-partners
Söderberg & Partners is a financial advisory firm based in Stockholm, Sweden, founded in 2004. The firm provides a wide range of services, including pension advisory, insurance brokerage, and wealth management, catering to both individual consumers and businesses. In 2024, they made notable acquisitions in the insurance sector, including Frisia Verzekeringen, which enhances their portfolio in home insurance. They also acquired a 74% stake in Grupo Galilea, one of the largest independent insurance brokers in Spain, indicating their strategic focus on expanding their insurance operations. Furthermore, their investments in various financial services firms, such as Fidelius and Bigmore Associates, reflect their broader strategy to enhance their market presence while maintaining a significant interest in the insurance industry.
5. Schibsted
- Website: schibsted.com
- Type: Corporate
- Headquarters: Oslo, Oslo, Norway
- Founded year: 1839
- Headcount: 5001-10000
- Number of deals in 2024: 3
- LinkedIn: schibsted-asa
Schibsted Media Group is a corporate investor based in Oslo, Norway, with a history dating back to 1839. Originally a publishing company, Schibsted has transitioned to focus on digital marketplaces, offering platforms for classified ads and second-hand goods. In recent years, Schibsted has expanded its investment portfolio to include companies in the insurtech space, notably acquiring a stake in Insurello, a Stockholm-based insurtech that raised significant funding for international expansion. This investment reflects Schibsted's strategic interest in the insurance sector, particularly in innovative solutions that enhance consumer access to insurance services. Additionally, Schibsted's acquisition of 3byggetilbud.dk, Denmark's largest online marketplace for skilled trades, further indicates its commitment to sectors that intersect with home services and insurance.
6. Heartcore Capital
- Website: heartcore.com
- Type: Venture Capital
- Headquarters: Copenhagen, Denmark
- Founded year: 2007
- Headcount: 11-50
- Number of deals in 2024: 17
- LinkedIn: heartcorecapital
Heartcore Capital is a venture capital firm based in Copenhagen, Denmark, founded in 2007. The firm specializes in investing in early-stage technology companies and focuses on building long-term relationships with entrepreneurs to support their business journeys. Heartcore has been involved in several notable transactions, including a €17 million investment in Lovys, a France-based InsurTech that aims to enhance customer experience and expand internationally within the insurance market. Additionally, they invested in CarbonPool, a firm that offers carbon credit insurance, showcasing their engagement in innovative insurance solutions. These transactions highlight Heartcore's commitment to supporting companies that are transforming the insurance landscape, making them a relevant player in the home insurance investment space.
7. Nordea
- Website: nordea.com
- Type: Corporate
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 1820
- Headcount: 10001+
- Number of deals in 2024: 6
- LinkedIn: nordea
Nordea Bank Abp is a prominent financial services company based in Helsinki, Finland, with a history dating back to 1820. It provides a comprehensive range of banking and investment management services to individual and corporate clients across the Nordic region. In recent years, Nordea has expanded its footprint in the insurance sector, notably through its acquisition of Frende Livsforsikring AS, where they agreed to acquire occupational and individual pension portfolios for approximately NOK 4.2 billion. This acquisition is set to enhance Nordea's insurance offerings by integrating these portfolios with their Norwegian insurance subsidiary, Nordea Liv. Additionally, Nordea's acquisition of Gjensidige Bank for €578 million further solidifies their position in the insurance market, as Gjensidige is known for its insurance services. These transactions highlight Nordea's strategic interest in the insurance industry, making them a relevant player in the home insurance sector.
8. Creandum
- Website: creandum.com
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 2003
- Headcount: 11-50
- Number of deals in 2024: 17
- LinkedIn: creandum
Creandum is a venture capital firm based in Stockholm, Sweden, founded in 2003. They specialize in supporting early-stage entrepreneurs in building global, category-defining companies across various sectors, including fintech and health tech. Creandum provides venture capital investment, strategic support, and networking opportunities to startups. They have been involved in several notable transactions in the insurance space, including investments in Laka, a London-based bicycle insurance company, where they participated in multiple funding rounds, and SafetyWing, an insurance firm that raised significant capital to scale its offerings. These investments highlight Creandum's engagement in the insurance sector, suggesting a broader interest that could encompass home insurance.
9. LähiTapiola
- Website: lahitapiola.fi
- Type: Corporate
- Headquarters: Espoo, Uusimaa, Finland
- Founded year: 1982
- Headcount: 1001-5000
- Number of deals in 2024: 1
- LinkedIn: l-hitapiola
LähiTapiola Keskinäinen Vakuutusyhtiö is a Finnish mutual insurance company founded in 1982, headquartered in Espoo, Uusimaa, Finland. The company offers a comprehensive range of insurance products, including property, life, and health insurance, as well as investment and savings services. In 2023, LähiTapiola acquired a 70% majority stake in Suomen Vahinkovakuutus Oy, known as POP Insurance, to enhance its digital services for customers, particularly in the home insurance sector. This acquisition aims to strengthen their capabilities in digital insurance sales and marketing, reflecting their commitment to improving customer experience in property insurance. Additionally, they have also acquired fund management company Seligson & Co, further diversifying their investment portfolio. Overall, LähiTapiola is focused on helping individuals, businesses, and organizations manage risks and secure their financial future through comprehensive financial solutions, with a significant emphasis on home insurance.
10. EQT Ventures
- Website: eqtventures.com
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 2015
- Headcount: 11-50
- Number of deals in 2024: 28
- LinkedIn: eqt-ventures
EQT Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2015. The firm specializes in investing in early-stage tech startups, providing not only financial support but also operational assistance to entrepreneurs. EQT Ventures connects startups with a global network of industry experts and resources to foster growth and innovation. Notably, EQT Ventures has invested in several insurtech companies, including Luko, a French startup that raised €50 million in Series B funding to enhance its home insurance offerings, and Cytora, a UK-based insurtech that raised £25 million to expand its product suite, which includes home insurance solutions. These investments highlight EQT Ventures' commitment to the home insurance sector and its potential for growth through technology.
11. Katapult
- Website: katapult.vc
- Type: Venture Capital
- Headquarters: Oslo, Oslo, Norway
- Founded year: 2017
- Headcount: 11-50
- Number of deals in 2024: 8
- LinkedIn: katapult-accelerator
Katapult is an impact investment firm based in Oslo, Norway, founded in 2017. The firm focuses on tech startups that address global challenges, providing investment, accelerator programs, and mentorship to early-stage companies. Katapult has been involved in various transactions, including a notable investment in OKO, a Mali-based InsurTech that raised $500,000 in a seed extension round. OKO utilizes satellite imagery and weather forecasting technology to automate risk assessment and claims management, which is particularly relevant in the context of home insurance as it demonstrates the application of technology in managing insurance risks. This investment highlights Katapult's engagement in the insurance sector, particularly in innovative solutions that could extend to home insurance contexts. Other transactions include investments in companies like Betterfly and Figorr, which, while not directly related to home insurance, showcase Katapult's broader interest in technology-driven solutions.
12. Adelis Equity Partners
- Website: adelisequity.com
- Type: Private Equity
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 2012
- Headcount: 11-50
- Number of deals in 2024: 3
- LinkedIn: adelis-equity-partners
Adelis Equity Partners is a private equity firm based in Stockholm, Sweden, founded in 2012. The firm specializes in growing businesses within the Nordic region, providing investment management and strategic consulting services across various sectors, including technology, healthcare, and business services. Notably, Adelis has made significant strides in the home insurance industry, exemplified by their investment in Hedvig, which raised over $31 million in a Series B funding round in March 2023. This investment highlights their commitment to the insurance sector, particularly in home insurance. Additionally, their acquisition of Säkra Falkenberg in October 2020 further emphasizes their engagement in the insurance market, as Säkra Falkenberg operates within this space. While Adelis also invests in healthcare and construction, their activities in home insurance make them a relevant player in this category.
Home Insurance Insights: Key Investors in the Nordics
Investor | Headquarter | Size | Founded | Deals 2024 |
---|---|---|---|---|
EQT Group | Stockholm, Stockholm, Sweden | 1001-5000 | 1994 | 30 |
Nordic Capital | Stockholm, Stockholm, Sweden | 201-500 | 1989 | 10 |
Kinnevik | Stockholm, Stockholm, Sweden | 11-50 | 1936 | 10 |
Söderberg & Partners | Stockholm, Stockholm, Sweden | 1001-5000 | 2004 | 4 |
Schibsted | Oslo, Oslo, Norway | 5001-10000 | 1839 | 3 |
Heartcore Capital | Copenhagen, Denmark | 11-50 | 2007 | 17 |
Nordea | Helsinki, Uusimaa, Finland | 10001+ | 1820 | 6 |
Creandum | Stockholm, Stockholm, Sweden | 11-50 | 2003 | 17 |
LähiTapiola | Espoo, Uusimaa, Finland | 1001-5000 | 1982 | 1 |
EQT Ventures | Stockholm, Stockholm, Sweden | 11-50 | 2015 | 28 |
Katapult | Oslo, Oslo, Norway | 11-50 | 2017 | 8 |
Adelis Equity Partners | Stockholm, Stockholm, Sweden | 11-50 | 2012 | 3 |
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