Finance Monthly Insurance Awards 2023 Norway 37 www.finance-monthly.com “Our long-term ambition is to be a leading general insurance company in the Nordics.” About Gjensidige Gjensidige is a leading Nordic insurance company listed on the Oslo Stock Exchange, with operations in Norway, Sweden, Denmark and the Baltics. We insure a wide variety of businesses, and tailor solutions to meet their specific needs. General insurance has always been our core business. In Norway, we also offer pension and savings products to support our general insurance business. It started with the mutual fire insurers. Forty years later, Ole Jacob Broch founded the life insurance company Gjensidige. Broch was a passionate enthusiast, and he shaped the company together with – and for – the customers. This has left its mark on the organisation and our culture. The commitment to the individual customer has contributed to good customer experiences and sound performance for two centuries. This is our history. The power to make changes through different phases of Norwegian society and business and industry forms the basis for our present and future competitiveness. Throughout more than 200 years of history, Gjensidige has made sure to create security for our customers by securing life, health and values in a sustainable way. We have contributed with loss prevention measures, and help when loss has occurred. Our experience and expertise benefits the entire community. General insurance is crucial for creating financial security for individuals and businesses, and important for contributing to economic growth. This will be at least as important in the time ahead with the changes we can expect as a result of climate and environmental changes, changes in demographics, digitalisation and other societal changes. Insurance is strictly regulated and About Geir Holmgren Holmgren has previously held various managerial positions at Storebrand ASA, including as EVP of the corporate market and CEO of Storebrand Livsforsikring. Holmgren holds a cand. scient degree from the University of Oslo and has completed a business management programme at Griffith University Brisbane in Australia. subject to licensing because of its social significance. Good governance and control are critical to succeeding in safeguarding life, health and assets. It is also important for contributing taxes and fees that finance public goods in society. In addition to compliance with external and internal regulations, decisions and actions shall be in line with Gjensidige’s values base and ethical rules in such a way that value is preserved and created for customers, owners, employees and society at large. We think holistically about using our knowledge and insight to help customers and society at large to avoid loss. In this way, we contribute to a safer society. We make a difference by reducing the climate footprint related to material consumption in claims settlements and take social responsibility by making demands on our suppliers. We also make a difference by investing in those companies that contribute positively to the Paris Agreement’s 1.5 degree goal, and follow up that the companies also comply with the UN’s 10 global principles for human and labor rights, the environmental protection principle and anti-corruption. Gjensidige must lead the way, and we must create safety in ever new ways.
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