Insurance, reinsurance and pension funding companies in Norway
The Insurance, reinsurance and pension funding industry in Norway comprises 171 companies across 2 subindustries.
What distinguishes this market is its diverse composition, with the three largest subindustries being Non-life insurance, Pension funds. Together, these segments represent the core of Norway’s insurance, reinsurance and pension funding sector.
How Do We Source This Data ?
The main data source is: Brønnøysund Register Centre (Brønnøysund registrene). This is the local business register for Norway. Outside of this, we combine public data that is scraped online.
Table of Content
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Book a meetingSummary and Key Data Points for Insurance, reinsurance and pension funding Companies in Norway
Total number of companies: 171
Number of subindustries: 2
Largest subindustry: 65.120 Non-life insurance (87 companies, 50.9%)
Second largest: 65.300 Pension funds (84 companies)
Third largest: N/A (0 companies)
Most common company size: 1-10 employees (80.7% of companies)
Large companies (€10M+ revenue): 64 companies
Most common revenue range: 0-100k (33.9%)
Company Size Analysis of the Insurance, reinsurance and pension funding Industry in Norway by Employee Count
Detailed breakdown of company sizes by employee count in Norway:
Companies
Three Key Insights for Salespeople Targeting This Group
- Micro-business dominance: The vast majority (80.7%) of companies have 1-10 employees. Sales strategies should focus on simplified, cost-effective solutions suitable for small teams with limited IT resources.
- Enterprise opportunity: There are 8 companies with 100+ employees representing high-value accounts with larger budgets and more complex needs.
- Mid-market segment: The 25 companies in the 11-99 employee range often represent the best growth potential – established enough to invest, yet still agile in decision-making.
Revenue Distribution Breakdown of the Insurance, reinsurance and pension funding Industry in Norway
Revenue performance breakdown across all revenue bands in Norway:
Companies
Three Key Insights for Salespeople Targeting Companies by Revenue
- Entry-level market: 33.9% of companies have revenue under €100k, indicating a large base of startups, freelancers, and early-stage businesses. Focus on scalable, low-cost entry products.
- Growth segment: Companies in the €100k-€1M range (3.5%) represent businesses transitioning from startup to established operations – prime targets for growth-oriented solutions.
- Enterprise accounts: The 64 companies with €10M+ revenue represent high-value enterprise accounts worth prioritizing for strategic sales efforts and customized solutions.
Top 50 Insurance, reinsurance and pension funding Companies in Norway
See the top 50 biggest companies in the Insurance, reinsurance and pension funding industry in Norway by revenue.
Companies
Insights of the Top 50 Insurance, reinsurance and pension funding Companies in Norway
- 0 of the top 50 companies have over 500 employees, indicating significant enterprise presence
- 45 companies (90%) have websites, providing direct contact opportunities
- 32 companies (64%) have LinkedIn profiles for professional networking
- The most common subindustry among top companies is Pension funds
Insurance, reinsurance and pension funding Companies in Norway Split into Subindustries
The Insurance, reinsurance and pension funding industry in Norway is dominated by Non-life insurance, representing 50.9% of all companies. Pension funds follows with 49.1% of companies.
Company Types in Insurance, reinsurance and pension funding in Norway
Distribution of legal forms and corporate structures in Norway:
- Other body corporate: 4 companies (2.3%)
- Association/club/organisation: 3 companies (1.8%)
Key Insights for Insurance, reinsurance and pension funding Companies in Norway
The Insurance, reinsurance and pension funding sector in Norway presents unique opportunities for sales professionals. With 171 companies operating across 2 specialized subindustries, this market offers diverse entry points for various products and services.
Key Insights;
Target audience
The dominant company form is Other body corporate (2.3%), which typically indicates smaller, owner-operated businesses with faster decision cycles.
Market maturity
With 80.7% of companies having 1-10 employees, this is predominantly a market of small, specialized firms. Larger enterprises (100+ employees) represent only 4.7% of the market.
Specialization opportunity
The top three subindustries (Non-life insurance, Pension funds) together account for a significant portion of the market, suggesting strong potential for industry-specific solutions.
Summary: How to Succeed in Selling to Insurance, reinsurance and pension funding Companies in Norway
Success in the Norway insurance, reinsurance and pension funding market requires understanding its unique characteristics. The market is characterized by a large base of small companies (80.7% with 1-10 employees) and a smaller segment of enterprise accounts (64 companies with €10M+ revenue).
For high-volume sales, focus on the 0-100k revenue segment where most companies operate. For high-value accounts, target the 64 companies with €10M+ revenue that can support enterprise-level engagements.
The insurance, reinsurance and pension funding sector is specialized – tailor your approach to specific subindustries like Non-life insurance (87 companies) for better resonance with potential clients.
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Book a meetingFrequently Asked Questions
Nordic Lead Database provides comprehensive contact data for 171 companies in this sector, including decision-maker contacts, company information, and verified business details sourced from Brønnøysund Register Centre (Brønnøysund registrene).
The insurance, reinsurance and pension funding industry in Norway consists of 171 companies across 2 subindustries, with 64 companies generating over €10M in annual revenue.
The largest subindustry is 65.120 Non-life insurance, with 87 companies (50.9% of the market).
The majority of companies (80.7%) have 1-10 employees. Only 2.3% have more than 200 employees.
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