Protector - an insurance company in rapid growth
Established in 2004, Protector Insurance is a Scandinavian company listed on the Oslo Stock Exchange. We deliver land-based insurance to the commercial and public sectors and have shown profitable growth since our establishment.
Today, we have over 420 employees and offices in Oslo, Stockholm, Copenhagen, Helsinki, Manchester and London. Our products are distributed through selected insurance brokers and the business model is the same in every country, except that we only sell Change of Ownership Insurance in Norway through selected real estate agents and legal practitioners.
From Norway to Scandinavia and Europe
Protector has expanded over time and is now a leading insurance company, also in Scandinavia and the UK. We entered Sweden in 2011 and then Denmark in 2012. In 2016, we also began selling insurance in Finland and the UK. A large part of our future growth will come from markets outside Norway.
A strong challenger
The public sector consists primarily of municipalities and county authorities. We are ranked number 1 in Scandinavia in municipal insurance, and now insure over 600 municipalities and county authorities. Norwegian insurance brokers have voted Protector the best business partner 13 years in a row. This survey has now been introduced in Sweden, Denmark, Finland and the UK, and we have also ranked highly in these countries in recent years.
The company’s premium revenue for 2021 was NOK 5,951 million, compared to 5,516 million in 2020. This gave us a growth of 8% in Norwegian kroners. In local currencies our company's premium revenue grew 10%.
Our promise to insurance brokers and end customers is that we are easy to deal with, commercially attractive and credible.