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.
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.
Customer centric
Cutting edge digital end to end journey built round the customer
Fast
From onboarding to claims payout, the process is fast, easy and simple. With seamless and integrated end to end solution
Straight forward
Good coverage, where the terms and conditions are simple to understand
Competitive
Digital model that enables lower cost, and highly selective targeting and pricing
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.
Our history, so far
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.
Nilsson
Employed since
Sofia has been employed as CFO since 2021
Education
MSc in Economics, Stockholm University and Bachelor of Political Science, Swedish National Defense College
Previous assignments
Leading finance positions both as a consultant and employee in roles such as CFO, Head of Accounting, Head of group control, and consolidated accounting manager at major companies such as Epiroc and Länsförsäkringar as well as international startups such as Kinneviksbacked BIMA and SkimSafe
Holdings in the Company
4,802 shares
Steinsvik
Employed since
Morten has been employed since 2021, Year of appointment as CSO is 2022
Education
Bachelor in marketing and business
Previous assignments
CEO and founder of Pronans Forsikring, CEO Owls Invest, Head of agents Vardia Forsikring, Head of sales Nordafor AS , and various roles in insurance industry
Holdings in the Company
2,691,422 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.
Arnstad
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
19,852,446 indirectly via Noria Group AS where Jo owns 26% and 3,600,001 shares indirectly via Median Holding AS of which Jo owns 100%.
Williksen
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
6,617,807 shares indirectly via Vikna Holding AS
Larsen
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
1,231,417 shares indirectly via Steian Invest
Mikkelsen
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
32,934,145 shares indirectly via Strategic Investments
Settevik
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
1,689,279 shares indirectly via Skaidi