About Nord Insuretech Group

The company

Nord Insuretech Group is a disruptor in the Nordic insurance market with a state of the art technical platform and business model. The company will deliver its services through partners who can then sell various insurance products to end customers in an efficient manner via the company’s digital platform.

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Business Concept

The company’s business concept is to deliver insurance products to partners using an adaptable digital platform. The partners in turn have a large customer or member base where different insurance products are delivered in the relevant channel and customer journey. Nord Insuretech Group will be an intermediary that can deliver both complete digital solutions and white-label solutions where its own platform is at the center – both towards consumers and businesses.

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Customer centric

Cutting edge digital end to end journey built round the customer

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Fast

From onboarding to claims payout, the process is fast, easy and simple. With seamless and integrated end to end solution

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Straight forward

Good coverage, where the terms and conditions are simple to understand

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Competitive

Digital model that enables lower cost, and highly selective targeting and pricing

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Where are we today?

Nord Insuretech Group already has Nordic agreements with different partners – both towards the consumer market and the business market that are being developed and implemented subsequently.

The company will continue to work with new sales to new customers at the same time as the existing agreements have the potential to become large.

Initially, the company starts in Norway as this is the company’s home market. The first customers will be onboarded in Norway, but there are already future plans for rollouts in Sweden and the rest of the Nordic region.

Digital platform

Nord Insuretech Group’s digital platform consists of three main components, where all solutions are cloud-based.

→ Core insurance system
→ Robot solution for onboarding customers
→ Data and analysis platform

All three components deliver modern technology that is efficiently scaled. The standard software is provided by subcontractors and is then adapted and configured according to the Company’s needs.

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Our history, so far

2016
The forerunner of Nord Insuretech Group was established.
2018 Q3
The core system and the digital partner are chosen (Noria), operational model on site. (Subsidiary Prosjekt Duo AS)
2020 Q1
FI approves Hudya's prospectus (for new share issue) and in February the company is listed on the Nasdaq First North Growth Market.
2020 Q1
Nordic distribution agreement with a pan-European distributor signed. (Subsidiary Prosjekt Duo AS)
2020 Q2
The stock was paused trading on June 11, 2020.
2020 Q3
Nord Insuretech takes over Prosjekt Duo AS, preparing for Nordic launch, new board and management.
2020 Q3
Hudya acquires Prosjekt Duo AS in August.
2020 Q4
Prosjekt Duo AS changes its name to Nord Forsikring AS in September/October.
2020 Q4
Børge Leknes is appointed CEO on 23 October.
2020 Q4
Hudya AB changes its name to Nord Insuretech Group AB on 3 December

Management team

Get to know our experienced management team with background from relevant industries, distribution, digitization and partner-based companies - and with the ability to create strong growth.

Børge
Leknes
CEO

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Thomas Asdahl
Thomas
Asdahl
COO

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Cecilie Røskeland
Cecilie
Røskeland
CFO

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Morten Kvam
Morten
Kvam
Advisor

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Harald Krystad
Harald
Krystad
UW/CCO

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Frank Rosenfor
Frank
Rosenfors
CTO / CEO Norway, IR/PR

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Børge
Leknes
CEO
Employed since

2016 (except for the period March-15 October 2020)

Education

Business of Economics, BI Norwegian Business School, Oslo

Other ongoing assignments

President of BLS Holding AS

Previous assignments

President of Vardia Norge AS. President and board member of Insurance Invest AS. Board member Rein Forsikring AS

Holdings in the Company

0 shares directly and 2,817,096 shares indirectly via BLS Holding AS

Thomas Asdahl
Thomas
Asdahl
COO (Chief Operations Officer)
Employed since

2020

Education

Master of Business and Economics from BI Norwegian Business School

Other ongoing assignments

Board member Supportera AS, General Manager of THA Invest

Previous assignments

CEO BBL Partner, COO Vardia / Insr, CEO Teleperformance Norway

Holdings in the Company

10,000 shares

Cecilie Røskeland
Cecilie
Røskeland
CFO
Employed since

2020 (CFO Nord Forsikring since 2018)

Education

Certified Public Accountant, Certified Public Accountant, Master of Finance from Mannheim University

Other ongoing assignments

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Previous assignments

CRO and Head of financial reporting Insr, Senior manager EY, SVP Accounting and Reporting Norwegian Seafood

Holdings in the Company

1,257,280 shares

Morten Kvam
Morten
Kvam
IR/PR
Employed since

2020 (CCO for Hudya Group AS since 2016)

Education

Advanced Management Program, Harvard Business School, Boston and Master of Economics & Business, Università degli Studi di Parma and Universidad de Zaragoza

Other ongoing assignments

President and Chairman of the Board of Taarnet Consulting AS

Previous assignments

Secretary General of Norvegfinans. Board member and general secretary of the Italian-Norwegian Chamber of Commerce. First Deputy Head and Head of Business Development at Vardia Norge AS

Holdings in the Company

0 shares directly and 2,504,858 shares indirectly via Taarnet Consulting AS

Harald Krystad
Harald
Krystad
UW (Underwriting) & KAM (Key Account Manager)
Employed since

2020 (KAM Nord Forsikring since 2018)

Education

Higher insurance degree from the Insurance Academy, Marketing Economist from BI Norwegian Business School

Other ongoing assignments

Board member PB Forsikring AS and PB Banking AS

Previous assignments

Senior advisor PB Gruppen AS, Senior advisor Woie Finans AS, Bank and Insurance advisor Lyberg & Partnere AS

Holdings in the Company

236,276 shares

Frank Rosenfor
Frank
Coucheron
Rosenfors
CTO (Chief Technology Officer)
Employed since

2020 and CEO Nord Forsikring since 2018

Education

MBA from Solvay Business School Brussels, Master of Science Astrophysics from the University of Oslo

Other ongoing assignments

Owner Coucheron Consulting NUF

Previous assignments

CIO Eika Forsikring, Partner Orchestration AS, Manager in ProsessPartner AS, Manager in Telenor, Manager in Toyota Motor Europe, Manager in Propero Ltd, Senior Consultant in Accenture

Holdings in the Company

359,195 shares

Board

Nord Insuretech Group's board members is a broadly composed and competent group with experience from technology, digitization, capitalization, IPO, globalization, communication, leadership, distribution, strategic partnerships, Lean management and consulting.

Jo Arnstad
Jo
Arnstad
Chairman

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Ivar S.
Williksen
Deputy chairman

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Kathryn Baker
Kathryn
Moore Baker
Board member

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Stein Ole Larsen
Stein Ole
Larsen
Board member

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Kim Mikkelsen
Kim
Mikkelsen
Board member

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Ole Morten
Settevik
Board member

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Jo Arnstad
Jo
Arnstad
Chairman of the Board
Relation to the Company and its management

Dependent

Relation to major shareholders

Dependent

Board member since

2020

Education

Master of Science Information Technology, Technische Hochschule Darmstadt

Other ongoing assignments

Acting Chairman of the Board Noria AS, Chairman of the Board Noria Consulting AS and Noria Digital AS

Previous assignments

Chairman of the Board of Epinova, Point Taken AS, Northern Beat, Novanet AS, Nova consulting group. Managing Director Provida ASA

Holdings in the Company

0 shares directly and 9,873,045 indirectly via Noria Group AS where he owns 26% and 300,235 shares indirectly via Median Hc AS which he owns 100%

Ivar S.
Williksen
Deputy Chairman of the Board
Relation to the Company and its management

Dependent

Relation to major shareholders

Independent

Board member since

2019

Education

Maritime Nautical Degree, Trondheim Maritime College, Trondheim

Other ongoing assignments

President and Chairman of the Board of Vikna Holding AS. Chairman of the Board of WinWin Seafood ASA and Viknaslipen AS. Board member of Norsk Fisketransport AS, NTS Shipping AS and NTS Management AS

Previous assignments

President and Chairman of the Board of Vardia Insurance Group ASA, Vardia Forsikring AS, Vardia Agencies AS and Vardia Forsikringsagentur AS. Board member of Midt-Norsk Havbruk AS and Vardia Forsäkring AB

Holdings in the Company

0 shares directly and 3,487,201 shares indirectly via Vikna Holding AS

Kathryn Baker
Kathryn
Moore Baker
Board member
Relation to the Company and its management

Independent

Relation to major shareholders

Independent

Board member since

2019

Education

Bachelor of Arts, Wellesley College, Wellesley and M.B.A., Dartmouth College, Hanover

Other ongoing assignments

Chairman of the Board of Genetic Analysis ASA and Lakeside AS. Board member of Akastor AS, DOF ASA and Labrida AS

Previous assignments

Chairman of the Board of Catena Media plc, Agasti ASA and Navamedic ASA. Board member of Norges Bank, Data Respons ASA and Sevan Marine ASA. Partner in Reiten & Co Private Equity

Holdings in the Company

0 shares directly and 21,359 shares indirectly via Lakeside AS

Stein Ole Larsen
Stein Ole
Larsen
Board member
Relation to the Company and its management

Independent

Relation to major shareholders

Independent

Board member since

2020

Education

Master of Science Finance and International Marketing from the Norwegian Academy of Commerce

Other ongoing assignments

Founder and CEO of Norexeco

Previous assignments

President of Eika Gruppen, Bank2, Odal Sparebank and Eidsberg Sparebank. Chairman of the Board of Eika Finans and BRAbank. Board member of EnterCard

Holdings in the Company

6,902,606 shares (of which 2,142,850 are under registration)

Kim Mikkelsen
Kim
Mikkelsen
Board member
Relation to the Company and its management

Independent

Relation to major shareholders

Independent

Board member since

2020

Education

HD finance from Copenhagen Business School

Other ongoing assignments

Founder of Strategic Investments, Owner of Strategic Capital Aps

Previous assignments

Head of mortage risk at SEB, Director RBS Greenwich Capital, Head of Fixed Income at UBS

Holdings in the Company

6,902,606 shares (of which 2,142,850 are under registration)

Ole Morten
Settevik
Board member
Relation to the Company and its management

Dependent

Relation to major shareholders

Independent

Board member since

2019

Education

B.Sc. Econ and M.Sc. Econ, Copenhagen Business School, Copenhagen

Other ongoing assignments

Working Chairman of the Board No Isolation AS, Oslo

Previous assignments

CEO Advania Norge AS and Bluegarden Norge AS, General Manager for Microsoft Norge AS

Holdings in the Company

178,347 shares