- Business
- Solid Försäkringsaktiebolag (publ) (SFAB.ST) provides niche non-life insurance products to private individuals and businesses primarily in the Nordic region, including Sweden, Denmark, Norway, and Finland, as well as internationally; the company operates through three core segments encompassing Personal Safety, with income insurance, payment protection insurance, and accident insurance offered mainly via banks and credit institutions; Product, featuring all-risk coverage insurance and deductible elimination for bicycles, consumer electronics, white goods, garden tools, glasses, watches, and jewelry distributed through retail chains; and Assistance, including roadside assistance tied to vehicle warranties, travel insurance, and related products sold via car dealerships, travel agents, and some direct-to-consumer channels. Founded in 1993 and headquartered in Helsingborg, Sweden, Solid Försäkringsaktiebolag employs approximately 74-78 people and maintains a B2B2C distribution model through long-term partnerships with retail chains, banks, credit institutions, travel agents, and car dealerships, serving over 2.3 million customers with a focus on low-risk, stable niche markets. Recent developments include the April 2025 completion of the acquisition of Garantipartner Skandinavien AB, a Swedish car warranty business with approximately SEK 20 million in 2024 premium income, to bolster the Assistance segment; earlier bolt-on purchases such as Norwegian Car Protect AS in 2023 and another Swedish car warranty firm in early 2024; ongoing IT infrastructure investments to support rapid growth in policy volumes; and a growth strategy emphasizing new strategic partnerships, product portfolio expansion, and aftermarket opportunities in the Nordics, as highlighted in the Q3 2025 interim report.