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our Network Partner in Norway

Storebrand Life Insurance Co Ltd


The Storebrand group is a leading player in the markets for pensions, life and health insurance, banking and asset management. . The group's activities are carried out through four main business areas: Life Insurance, Storebrand Investments, Storebrand Bank and Finansbanken. The merger of the two banks was announced in 2003. In addition Storebrand had a 22.5% interest in If Skadef�rs�kring (non-life insurance). However. Storebrands shares in If were sold to Sampo in 2004.
Storebrand resumed non-life operations in 2006 and, at the turn of the year, had established approximately 2,000 contracts.
Storebrand has roots back to 1767. Throughout all these years the basis for value creation in Storebrand has been the readiness and ability to meet the challenges of new situations.
Storebrand's life insurance business area
Storebrand is one of the largest and oldest life insurance company in Norway and a leading provider of financial security and financial services to both private individuals and to businesses.
Storebrand is the leading supplier in the Norwegian life insurance, pensions and savings market. The group's life insurance activities are well placed for continuing growth, particularly in areas such as unit linked products, personal risk insurance and defined contribution occupational pension schemes, with particular focus on products for the public sector and sales of individual products to employees of companies that use Storebrand for their pension schemes.
Storebrand is administrating more than 23,000 company pension plans and 3,800 life insurances. This is an enormous development for 2006, but only natural following new legislation for obligatory pension schemes. Storebrand has a dominant position in Norwegian insurance, with an approximately 27% share of the expanding life market as measured by premiums. Group net premium income totalled Norwegian kroner (NOK) 19.5 billion (USD 3.1 billion) in 2006.
Storebrand Investments business area
Storebrand is one of the largest asset management operations in Norway.
This business area manages assets for pension schemes, private and public sector institutions, private individuals and the Storebrand group companies. It offers discretionary asset management services, a wide range of Norwegian and international mutual securities funds through Storebrand Fondene and Delphi Fondsforvaltning and real estate management through Storebrand Eiendom.
Storebrand Bank
Storebrand Bank has the overall responsibility for distribution, customer service and marketing of financial products and services to the retail market.

The bank's objective is to be a leading supplier of financial services to private individuals with savings and an interest in managing their finances. Storebrand Bank offers this customer group a broad range of high quality financial products and services either through personal contact with its financial advisers, over the Internet or by telephone.

The merger between Storebrand Bank and Finansbanken was effective from 17 March 2003 with accounting effect from 1 January 2003.

Finansbanken was a specialist bank for high net worth individuals and selected segments of the corporate market. Its expertise will be retained in the future combined banking business of Storebrand Bank The name "Finansbanken" will be kept as a brand name.

Nordben
Storebrand Livsforsikring AS is a part owner (25%) of Nordben Life and Pension Insurance Company Ltd. in Guernsey. Nordben provides specialized products and flexible pension and insurance solutions especially designed for Expatriates, Third Country Nationals and Local Key Personnel for multinational companies. Nordben products are also poolable with Insurope.
International Operations
The Storebrand International Life Department primarily serves the business areas Major Client Life and Corporate Life and is divided into the following four areas : Network (multinational pooling), Nordben (risk and savings), Provident Fund (retirement savings plan for seafarers) and BUPA (health care insurance - Storebrand is the Representative for BUPA International in Norway).
Service, funds and ratings
Storebrand serves its customers through Insurance Offices, Agencies and Bank Branches in five geographic regions, and have an excellent working relationship with its former non-life branch (now the independent non-life insurance company If, even if Sampo has taken over Storebrands 22,5% interest). This ensures that Storebrand has a presence throughout the country.
Storebrand Investment Management AS manages Storebrand's securities portfolios, including the investment assets of the life and non-life companies. The company had funds of more than NOK 219.9 billion (USD 36.7 billion) under management at the end of 2006.
Standard & Poor's Insurance Rating Analysis of the 'A' (Stable) and Moody's 'A2' (stable outlook) claims-paying ability rating of Storebrand Skadeforsikring AS and Storebrand Livsforsikring A.S. is based on the strength of Storebrand in the Norwegian insurance market, its excellent capitalisation and its good operating performance.
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local language

Storebrand livsforsikring AS er den ledende leverandøren på det norske spare- og livsforsikringsmarkedet. Livselskapet er organisert i separate produkt-, distribusjons- og kundebetjeningsmiljøer med selvstendig resultatansvar. Vi har om lag 23,000 bedriftskunder og 300.000 privatkunder. Antall bedriftskunder har økt voldsomt etter at det for 2006 ble innført obligatorisk tjenestepensjon.

Distribusjon og salg av våre produkter i privatmarkedet skjer primært gjennom Storebrand Bank.

Tilbudet til pensjonskasser er organisert gjennom datterselskapene Aktuar Consult, Storebrand Pensjonstjenester og Aktuarsystemer.

Salg og kundebetjening i livselskapet samordnes forøvrig i stor grad med de andre hel- og deleide livrelaterte selskapene i konsernet: Storebrand Fondsforsiring, Storebrand Helseforsikring, Nordben og Euroben.

Storebrand gjenopptok skadeforsikringsvirksomheten i 2006. Selskapet hadde ved årsskiftet 2,044 kunder og en portefølje på 17 millioner kroner i årlig premie.
 
Storebrand Kapitalforvaltning AS
Storebrands kapitalforvaltningsvirksomhet er en av Norges største kapitalforvaltere. Virksomheten omfatter rådgivning og forvaltning for pensjonskasser, private og offentlige institusjoner, privatpersoner og Storebrands datterselskaper.

Vi betjener om lag 150 institusjonelle kunder og rundt 100.000 privat- og bedriftskunder fra kontorer i Oslo, Stockholm, London, Paris og Luxembourg.

Storebrand Bank ASA
Inntil nylig hadde Storebrand to separate banker, Storebrand Bank og Finansbanken. Storebrand Bank har vært ansvarlig for størstedelen av Storebrand gruppens distribusjon, kundeservice og markedsaktiviteter. Finansbanken har vært en spesialbank for næringslivet og formuende privatpersoner.

Disse to bankene fusjonerte den 17. mars 2003, og har samlet sin virksomhet i en ny bank, Storebrand bank ASA.

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visit the STOREBRAND website
International Operations, Filipstad Brygge 1, Postboks 1380 Vika
0114 Oslo
Norway
Local Contact:
Pal Andresen
+47 22 31 54 43
pal.andresen@storebrand.no
www.storebrand.no
Insurope Local Website
  no.insurope.com
Use this link to access a local country specific site on Insurope from a local market perspective. It may be helpful to refer this site to local subsidiaries and advisers as it also covers the mechanics of multinational pooling from a local perspective in the local language.
Minimum Lives criteria:
group life: 10 lives; collective pension: 5 lives
Local Services
• Insurope Local Service Standards - Primary Data - Norway
(PDF 965Kb)
• Service Agreement Norway
(PDF 88Kb)